British organic skincare brand Pai secured a €6.4M Series B funding round, led by Famille C, the private investment vehicle and family office of the Courtin-Clarins family, which is itself active in the beauty sector.
Pai Skincare: funding round to grow production and product portfolio
Through the funding round, Pai will invest in the development of new products and new production facilities, located in West London. Pai offers a wide range of high-quality skincare products, called with promising names like “The Impossible Glow” or “Rosehip Bioregenerate”. Products of the UK skincare brand are certified by COSMOS, Cruelty Free International and The Vegan Society.
Investment from Courtin-Clarins single family office
The lead investor in this round is Famille C Venture. , which manages the beauty sector investments of the Cortin-Clarins family. The Clarins family offices focuses on B2C brands that “bring out new trends in the beauty sector” as well as B2B companies that “impact every stage in the beauty value chain”. The family company Clarins, based in Neuilly sur Seine, was founded in 1954 in Jacques Courtin-Clarins and is now a major cosmetics player in the world. The company made the Clarins family billionaires. Other portfolio companies of Famille C Venture include Sophia Genetics, lumapps, Joone or Launchmetrics.
Source: Vegconomist, 19.04.2021
Picture Source: Christina Deravedisian
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