UK beauty brand Charlotte Tilbury brand has received investment from Sequoia Capital, the company’s first round of funding from a top-tier Silicon Valley venture capital firm, according to a report by WWD.com.
The venture capital firm will be a minority investor for the beauty brand, which launched in 2013, with details of the investment undisclosed. It has been announced that Sir Michael Moritz, billionaire partner in Sequoia Capital, will join the board at Charlotte Tilbury.
The venture capital firm joins other minority investors such as Venrex Investment Management and will be the company’s latest venture, with previous investments including Airbnb, Alibaba, Apple, Dropbox, Google, Instagram, JD.com, WhatsApp and YouTube.
While Tilbury has herself raised capital for the brand in the past, the latest news signals future growth for the company. Indeed, further expansion is in the pipeline with three new store locations planned in the Middle East, including Kuwait and Doha this year and Dubai in early 2018.