Pai, a London, UK-based organic skincare brand, raised £6.4m (€7.5m /$9m) in Series B funding.
The round was led by Famille C Venture, a private investment firm of the Courtin-Clarins family, founder and owner of the Clarins Group. Prisca Courtin-Clarins, Founder and CEO of Famille C Venture, will join the Pai board. CAPInvest, the family office which invested in Pai’s Series A in 2017, stays on as an investor and board member.
The company intends to use the funds to continue to expand West London R&D and manufacturing facilities, expand its business reach worldwide and launch new products via the brand’s ‘Pai Labs’ innovation hub.
Led by Founder Sarah Brown, who is remaining majority shareholder and CEO, Pai is an organic skincare brand whose flagship product is the Bioregenerate Face Oil. The company is Vegan Society, Cruelty-Free International and London Living Wage accredited.