Beauty Poe, a founder of beauty in London, has grown up $ 100 million in Series B funding under the direction of Index Ventures and Insight Partner.
The round also featured participation from existing ones such as Balderton Capital, General Catalyst, Latitude VC, and LocalGlobe. The new fund brings the total value of the Beauty Pie to $ 170 million. The money will help Beauty Pie expand their reach to the beauty oil market and acquire new members called BEAUTY PIE® PLUS. Insight Partners CEO, Rebecca Liu, also spoke about the company’s participation, saying:
“Marcia has spent years building businesses that really cater to customers the way they want to be treated, and Beauty Pie is at the heart of this. Our Beauty Pie as it continues to empower consumers and health in the UK, US, and other areas. ”
Launched in December 2016 by fashion designer Marcia Kilgore, Beauty Pie is known as the first club to buy in the world. This year, initial growth has increased significantly and members have also doubled.
The purpose of Beauty Pie is to give its members the opportunity to purchase from the world’s best manufacturers from Switzerland, USA, France, Japan, Germany, and others. Founder Marcia Kilgore said of the Beauty Pie project:
“We want to empower ourselves, be confident, and encourage customers to want more in their lives, even if they start with their cosmetics or perfumes. We want millions of customers to be able to access our ‘no-middlemen, no-ridiculous markup’ prices.
As a bridge between customers and retailers with low pricing and competition, Beauty Pie has managed to challenge the old definition of ‘luxury’ and disrupt high-end finishes. beautiful companies. The advent of Beauty is expected to be a market leader, empowering millions of people to do well on their own.