THE WHAT? Pai Skincare has secured £6.4 million in a Series B investment round, led by Famille C Venture, a non-public investment agency of the Courtin-Clarins household, Founder and Owner of the Clarins Group.THE DETAILS According to a press launch the funding will allow the corporate to open a new West London R&D and manufacturing facility, whereas assembly international 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 firm is alleged to have survived the pandemic and Brexit due to its ‘vertical integration mannequin,’ with the brand new funding injection serving to it to evolve plans for D2C platform growth and new product growth. Prisca Courtin-Clarins, Founder and CEO of Famille C Venture, mentioned, “We are very proud to assist Pai Skincare and to be a part of its thrilling journey. Sarah based a firm with a extremely unique mannequin and incredible potential. I’m satisfied Pai has a position to play and a key worth proposal which completely matches with new clients’ expectations. We are honoured to have the ability to present strong monetary backing in addition to tailor-made assist.”
