Raises – Page 3 – Beautifaire

6 Nov

Element Eight Raises Capital, Ex-Sephora CEO Martin Brok Joins

Luxe oxygenated skincare brand Element Eight has closed a $6 million funding round and announced a slew of recent appointments, including former Sephora chief executive Martin Brok as a board member. The brand raised $2.5 million from existing investors and an extra $3.5 million from latest investors, pushing the entire raised thus far as much as $7.9 million. “With 45 percent of the round coming from surgeons, dermatologists, and PhD scientists, we have now a powerful validation of the scientific acumen of the brand. We were more than happy to even have participation from private family offices with experience in beauty investing, who accounted for 34 percent of the round,” said chairman and cofounder Bradley Patt. He added that it can proceed onto...

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25 Oct

Lauren Perez and Allie Glines’ Brand Incubator Raises $12

by Beautifaire101

Beauty, Featured

FounderSix, the influencer beauty brand incubator behind Allie Glines’ Ravie Beauty, Alex Renee’s Ary World and Lauren Perez’s Anablue, has gained a recent investment. The incubator, which was founded in 2020, has raised $12 million from KD Capital. The firm has previously invested in OkCupid, ShopRunner, Spot Hero and Teleon Health, amongst other corporations, in accordance with its website. “We’re quite different from brand incubators in the wonder space. You generally get ones which can be either manufacturing-focused or investment-focused. We have now a holistic offering of what we are able to do,” said Oli Goulden, who cofounded FounderSix with Pieter Wittgen. “With the cash now being there to launch these brands and get them to a certain level, we are able...

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6 Oct

SuperOrdinary Raises $58 Million in a Series B Round

by Beautifaire101

Beauty, Featured

SuperOrdinary Raises Million in a Series B Round

Beauty distributor and most recently brand incubator SuperOrdinary has raised $58 million in a Series B fundraising round, bringing the corporate’s valuation to greater than $800 million. The corporate, which makes a speciality of distribution in China in addition to on Amazon and TikTok, attracted investors including Manzanita, Alliance Consumer Growth and Demira GateUpper90 to the round, while founder and chief executive officer Julian Reis also participated. In 2021, it received a minority investment from Alliance Consumer Growth and existing investor, the Puig family. The proceeds from this round will help bolster Amazon account management and brand protection and creator monetization via social commerce, based on Reis. Particularly, it'll proceed to rent more engineers and beef up its livestreaming capabilities because it sees many opportunities...

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12 Sep

Personalized Beauty Brand Proven Raises $12 Million in Series

by Beautifaire101

Beauty, Featured

Customized beauty company Proven has raised a $12.2 million Series A from existing investors, with NewH2 Ventures acting as lead investor. Proven, which already raised around $9 million in previous rounds, operates two brands: Proven Skincare, the AI-powered, personalized skincare brand launched in 2019, and Noteworthy, a personalised fragrance line that launched earlier this 12 months. The corporate said it's on course to clock in greater than $35 million in revenue in 2023 and be profitable by the tip of the 12 months. Inside that, Noteworthy has already generated upward of $5 million in revenue since its launch earlier this 12 months. “Since Proven launched in 2019, we have now built industry-leading technology that enables us to create personalized beauty products unlike anything ever available...

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