A year and a half after launch Kopari receives funding from L Catterton and a host of celebrities, including model Karlie Kloss and actors Mila Kunis and Ashton Kutcher, that will help to propel Kopari’s continued growth, as well as drive product innovation.
WHO: The brainchild of chef Kiana Cabell, Suja juice co-founder James Brennan, and beauty experts Bryce and Gigi Goldman, Kopari launched in late 2015 as a direct-to-consumer brand. The 100% organic coconut oil-based beauty brand has an existing seven-product lineup. The brand integrates cutting-edge chemistry and superior natural ingredients to enhance the benefits of coconut oil and provide multipurpose formulations that deliver effective results. All products are specifically formulated to use the natural benefits of coconut oil. The products are free from sulfates, silicones, parabens, GMOs, and other harmful ingredients. Experiencing exceptional growth online harnessing digital and social platforms, the business has expanded to more traditional channels like QVC and Sephora. Coconut Melt is the company’s bestseller, while Body Glow and Sheer Oil are close seconds, according to the brand.
L Catterton, formed in 2016 through the partnership of Catterton, LVMH, and Groupe Arnault, is the largest consumer-focused private equity firm in the world.
WHY: The investment is earmarked to fuel growth in the US, international expansion, R&D, and product innovation. The brand launched with Sephora online in October 2016 and is expanding to brick-and-mortar. This growth capital will also be used to support this partnership through marketing and inventory.
IN THEIR OWN WORDS: “This significant investment from L Catterton demonstrates the strong positioning and high performance of our brand,” said Kopari CEO Bryce Goldman. “The investment will allow Kopari to continue our rapid growth and expansion, providing people worldwide with the benefits of coconut oil and cutting edge, multi-purpose formulations that deliver effective results in the safest and most natural way possible. We will be able to accelerate our development of conscious skincare products that are as safe for our skin as they are for the planet. With L Catterton’s support, Kopari will have the resources, industry knowledge, and global expertise that we need to take our brand to the next level.”
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