The financial terms of the transaction were not disclosed.
The investment will accelerate the company’s growth including building infrastructure, increasing market share, and continuing to develop, produce and sell skin care and beauty products.
Launched in 2013 by CEO Gregg Renfrew, Beautycounter develops and offers beauty products through a multi-channel distribution platform including a network of independent Consultants, e-commerce, and strategic partners including J.Crew and Gwyneth Paltrow’s website, goop.com. The company’s products are formulated with safety standards excluding more than 1,500 harmful ingredients linked to cancer, hormone disruption, reproductive toxicity, skin irritation, cumulative exposure risk and other hazards.
Beautycounter is a B Corporation.