October 24, 2021

Spif Panel

Think Shopping & Women

Accurate Natural beauty Ventures Closes $42 Million Fund

3 min read

Legitimate Natural beauty Ventures, the early-phase investment decision fund launched by Loaded Gersten and Cristina Nuñez, has shut its initially fund with extra than $42 million backed by attractiveness founders and executives. Gersten and Nuñez are equally seasoned beauty veterans and first-time fund professionals, who pulled from their pool of sector contacts to increase the fund.

WHO: Real Attractiveness Ventures pursues $1-5 million investments in attractiveness, wellness, and individual treatment brands looking for a partnership anchored in strategic and operational sector experience. Partners Prosperous Gersten and Cristina Nuñez have substantial investing and working expertise that lets them to detect successful brands at an inflection place of breakout advancement and support them scale and exit productively. As sector experts, Real Natural beauty has the adaptability to devote throughout many development phases, from Seed to Collection C.

WHY: Correct Beauty Ventures’ debut fund demonstrates the ability and need for sector specialization, bringing a long time of attractiveness sector experience to early-stage attractiveness, wellness, and personal care brands.

IN THEIR Possess Words: “We released Real Magnificence to leverage our one of a kind splendor-focused investing and working expertise and the intensive splendor ecosystem I had developed about quite a few yrs. That is our unfair benefit,” claimed Abundant Gersten, co-founder and Running Spouse. “We connect with our founders on a further level because we definitely comprehend their organizations and can enable accelerate advancement, although keeping away from pricey problems along the way.”

Éva Goicochea, founder and CEO of Maude, explained “Real Natural beauty fundamentally understands equally the art and the science to making impactful, earth-changing manufacturers. Cristina and Prosperous”s thoughtful method and deep knowledge in splendor and individual care make them additive and unparalleled partners during the journey of setting up the company and Maude is very pleased to have them foremost the way with us.”

“Alongside one another Abundant and Cristina deliver a wealth of knowledge and know-how, they have exceptional insights and actively roll up their sleeves to support execute on critical path aims,” explained Britta Cox, co-founder of Aquis and K18.

“Rich and Cristina make for an outstanding attractiveness investing combo. Their perception in goal-led companies and in special insights that problem the standing quo—besides a continued concentration on founders’ power versus weakness—makes them an perfect husband or wife significantly for ego-free of charge founders pushed by effects and results,” said Suveen Sahib, co-founder of Aquis and K18.

“As a Latinx female Co-Founder and Typical Lover, I am element of the 2.4% of US-based VC founding companions who are gals, a staggering statistic documented by Females in VC,” stated Cristina Nuñez. “We will need persons on each sides of the desk, the investment decision makers and the brand founders, to reflect the markets they provide. To date, I am happy that our firm is majority feminine and in excess of 80% of our present portfolio companies have gals or minority founders.”

Details:

  • Correct Beauty Ventures shut a $42 Million Fund higher than the original $30 million goal.
  • The fund is supported by a varied and strategic LP foundation, including attractiveness founders and executives, monetary institutions, and family workplaces. Traders contain Graphic Skincare founder Janna Ronert, Astral Makes Main Govt Officer Robert Cohen, Andalou Naturals founder Stacey Egide, Liz and Mark Scott of distributor EC Scott Group, Warren Becker of Cosmetic Answers, Revive CEO Elana Drell Szyfer, former Neiman Marcus executive Kelly St. John, Bona-Fide Beauty co-founder Pamela Baxter, L’Oréal Executive Vice President of Business enterprise Development Roger Dolden, and OneSpaWorld chairman Leonard Fluxman.
  • The fund designs to make between 10 to 12 investments and, to date, has invested in Aquis and K18, Kinship, Feals, Crown Affair, Maude, and a pre-launch cleanse make-up model.
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