December 2023

Nécessaire is eyeing expansion — with a helping hand from one other round of financing. The Los Angeles-based body-first brand founded by Randi Christiansen, a former marketing and strategy executive at The Estée Lauder Cos., and editorial veteran Nick Axelrod has received financing from Cavu Consumer Partners, even though it didn't disclose terms.  It previously gained investments from Imaginary Ventures, Forerunner Ventures, Maveron Ventures and VMG Catalyst. Nécessaire is expecting to make $35 million in retail sales this 12 months from selling around 1.5 million units, and the corporate has big goals for the long run with aggressive plans to broaden its product range and retail strategy. “Nick and I made a decision that we wanted some growth capital to do three things. Primary,...