Squared Circles, the enterprise studio that invested in Nutrafol and incubated manufacturers together with Magic Molecule and Kelly Slater’s Freaks of Nature, has raised $40 million in a Sequence A fundraising spherical led by L Catterton.
Squared Circles’ portfolio contains incubated manufacturers and investments within the well being, magnificence, wellness, meals and vogue sectors. With its new funding, the corporate plans to launch and scale not less than 5 further manufacturers within the subsequent three years. Upcoming initiatives nonetheless in stealth mode are centered on well being and wellness, together with a kids’s purposeful medication model, a sperm well being model and a meals model “tailor-made to the GLP-1 era,” in accordance with its web site.
Jon Owsley, managing accomplice of L Catterton’s Development Fund, mentioned in a press release that Squared Circles’ “focused strategy to consumables, professional grasp of shopper mindset and conduct, and seamless fusion of science with tradition fill an vital hole available in the market.”
Be taught extra:
How Kelly Slater Learned to Love Sunscreen
The browsing legend, a vocal opponent of chemical-based solar safety, is launching his personal line of pure skincare merchandise this week.
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