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L Catterton’s Early-Stage Beauty Platform Invests in Eighth Day

Published September 18, 2023
Published September 18, 2023
Eighth Day

Eighth Day, the luxury, high-tech skincare line founded by Dr. Antony Nakhla, takes its first external capital, receiving a significant minority investment from L Catterton.

WHO: Eighth Day was founded by Dr. Antony Nakhla, a board-certified dermatologist, micrographic reconstructive skin cancer surgeon, scientist, innovator, and author, launching exclusively at Violet Grey in 2021. The brand is inspired by the innate healing and regenerative powers of human skin, which Dr. Nakhla observed firsthand working on tens of thousands of surgical patients throughout his career. The formulas are grounded in a patent-pending Peptide-Rich Plasma technology composed of 24 bioidentical peptides, growth factors, and amino acids that deliver potent benefits for all skin types. Eighth Day’s custom-engineered packaging is unisex, refillable, and made from recycled materials.

WHY: The business will use the strategic raise to grow the executive team and support the innovation pipeline, international expansion, and global marketing strategies.

IN THEIR OWN WORDS: "We speak the language of skin by using ingredients that are native to human skin cells, prompting the natural and innate healing mechanisms already a part of reparative cell function," said Dr. Antony Nakhla. “Science is the new luxury, and Eighth Day is the most nutrient-rich, scientific skincare regimen in the world. I’m thrilled for more customers to have access to our transformative formulations through our new and existing retail partners as well as with our growing DTC channel.”

“Eighth Day has established itself as a beloved brand with cult products that harness the power of sophisticated, modern skin technology to promote timeless beauty. The brand has generated tremendous consumer loyalty by offering a narrow lineup of high-performance products that deliver real results,” said Jon Owsley, a Managing Partner in L Catterton’s Growth Fund.

“We are excited to partner with Tony to build an iconic global brand based upon Eighth Day’s strong foundation and look forward to leveraging our expertise in beauty to support the company’s ambitious growth trajectory,” added Cori Aleardi, Founding Partner at Elevate Beauty.

DETAILS:

  • Eighth Day received a significant minority investment led by L Catterton.
  • The growth equity round was funded through Elevate Beauty, L Catterton’s early-stage beauty platform. 
  • This is the first external capital raise for Eighth Day since its founding by Dr. Antony Nakhla. 
  • The brand has selectively expanded in the past two years with Bergdorf Goodman, Neiman Marcus, Nordstrom, Olivela, Moda Operandi, Net-a-Porter, and in international markets with Niche Beauty in Germany, Harrods in London, and Melanie Grant in Australia.
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