Glow Recipe has taken its first outside investment in a deal with private equity firm North Castle Partners for a minority stake in the business.
WHO: Founded in 2014 by L'Oréal alums Sarah Lee and Christine Chang, Glow Recipe began as a curated online destination for K-beauty. In 2017 the duo pivoted the business and launched their first range of skincare with fruit-inspired formulas that deliver texture, scent, and results.
WHY: The funding will primarily go to product development, adding new hires, increased marketing spend, and scaling up the business internationally
IN THEIR OWN WORDS: Sarah Lee, co-founder of Glow Recipe, said "This investment is a key milestone for Glow Recipe, and will allow us to accelerate key growth drivers such as product innovation, attracting world-class talent, international expansion, and doubling down on our community-driven approach to brand building."
The partnership "started with me meeting Sarah and Christine just over two years ago. I was a big fan of the brand they built and the momentum they had at Sephora, and the positioning they created for the brand," said Rich Gersten, industry advisor at North Castle Partners. "First and foremost, they're great founders with a unique brand proposition."
Gersten added: "The growth momentum of the business and the strong potential for the brand to expand its product assortment and global distribution position Glow Recipe favorably for long-term success."
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