The “significant investment” will be used to propel the brand’s growth in the US and help it to expand into international markets
L Catterton, the global firm created last year by LVMH, Groupe Arnault and Catterton, has invested in coconut-oil based beauty brand Kopari.
Although the exact investment figure was not shared, it was described as “significant” by Kopari CEO and Co-founder Bryce Goldman.
The investment will be used to help Kopari grow in the US and expand internationally; Kopari is already stocked on LVMH-owned Sephora’s website and will expand into physical stores this month.
Goldman said: “With L Catterton’s support, Kopari will have the resources, industry knowledge, and global expertise that we need to take our brand to the next level.”
The San Diego-based brand launched in 2015 and offers a range of multi-tasking body and skin care products.
The company is uniquely positioned to meet consumers’ increasing desire for natural and efficacious beauty products.
These include: Organic Coconut Melt, Coconut Sheer Oil, Coconut Body Glow, Coconut Balm, Coconut Crush Scrub, Coconut Body Milk, and Coconut Body Oil.
Kopari Co-Founder James Brennan added: “Our celebrity investors serve as great validation that we have created something special, and they will help us to elevate Kopari’s brand and further connect us with our target consumer.”
Meanwhile, Michael Farello, Managing Partner of L Catterton’s Growth Fund, said: “The company is uniquely positioned to meet consumers’ increasing desire for natural and efficacious beauty products, and has already garnered a devoted customer following in the year since its founding.”