THE WHAT? Pai Skincare has secured £6.4 million in a Series B investment round, led by Famille C Venture, a private investment firm of the Courtin-Clarins family, Founder and Owner of the Clarins Group.
THE DETAILS According to a press release the funding will enable the company to open a new West London R&D and manufacturing facility, while meeting global product demand.
Following the round Pai will continued to be independently owned and run, with Sarah Brown the remaining shareholder and CEO.
THE WHY? The company is said to have survived the pandemic and Brexit thanks to its ‘vertical integration model,’ with the new funding injection helping it to evolve plans for D2C platform development and new product development.
Prisca Courtin-Clarins, Founder and CEO of Famille C Venture, said, “We are very proud to support Pai Skincare and to be part of its thrilling journey. Sarah founded a company with a highly original model and fantastic potential. I am convinced Pai has a role to play and a key value proposal which perfectly fits with new customers’ expectations. We are honoured to be able to provide solid financial backing as well as tailored support.”