Spotlight Oral Care has raised $15 million from Development Capital to fuel expansion plans.
WHO: Based in Galway, Ireland, dental care brand Spotlight Oral Care was founded in 2016 by Dr. Lisa Creaven, Dr. Venessa Creaven, and Dr. Barry Buckley to fill a gap in the market for safe, effective products with a clean, high-performance oral care brand. Every Spotlight Oral Care product is cruelty-free, vegan, free from toxic ingredients, and is not tested on animals. In addition, their dental floss is made from recycled ocean plastic and their toothpaste tubes are made from sugar cane.
WHY: With the investment, the Spotlight team plans to develop new product innovation in the oral care space, ramp up marketing, hire additional team members, and expand inventory and distribution.
IN THEIR OWN WORDS: Dr. Vanessa Creaven, Spotlight Oral Care co-founder and CEO, said: "This investment by Development Capital is a pinnacle moment for us in the business as we have experienced rapid business growth in the last 12-18 months. The financial support and expertise that comes with this investment will allow Spotlight Oral Care to expand further and continue to help us revolutionize oral care. We are thrilled to be working with a team that supports SMEs like us and look forward to having Andrew on our Board of Directors."
Announcing the first investment made by Development Capital Fund II, Andrew Bourg, co-founding partner of Development Capital, said: "Spotlight Oral Care is precisely the type of Company that Development Capital II was set up to support, being a high-growth company with an experienced and ambitious management team and a strong track record. We are delighted to partner with Vanessa, Lisa, Barry, and the Spotlight Oral Care management team. We look forward to supporting their ambitious plans to further scale and internationalize the business."
2 Article(s) Remaining