ILIA Beauty Announces Series B Investment
ILIA Beauty has announced a Series B investment partnership led by Sandbridge Capital, a private investment firm that invests exclusively in high growth global branded consumer companies. The capital infusion follows a Series A led by Silas Capital, a New York-based emerging growth equity firm, which also participated significantly in this round of funding. The Company currently sells through more than 600 doors across 30 countries around the world, including prominent retailers such as Credo, Space NK, The Detox Market, Follain, Bluemercury, Oh My Cream, Mecca and Sephora.
Sasha Plavsic, the Company’s Founder and Creative Director, expressed her excitement about the Series B investment – “This capital and partnerships will ensure we can continue to innovate and invest heavily in R&D. I strive to offer the highest-performance clean products powered by high active levels of skincare ingredients. These innovative formulas are unlike anything out there on the market.”
Lynda Berkowitz, the Company’s CEO, commented, “I am thrilled to partner with Ken Suslow and the Sandbridge team, as well as work together again with Brian Thorne at Silas Capital. Their investment and industry expertise will greatly support pronounced growth opportunities for ILIA.”