U Beauty receives investment from Sandbridge Capital
Luxury skincare brand U Beauty has secured investment from Sandbridge Capital, a consumer focused private investment firm.
Representing U Beauty’s first institutional capital, the funds will be used to accelerate the brand’s multichannel, cross-category global growth.
Made in Italy and inspired by precision medicine, U Beauty’s product range is driven by the brand’s double-patent-pending SIREN Capsule Technology.
In addition to U Beauty’s own website, its products are sold through over 100 doors in 16 countries, including retailers such as Violet Grey, Net-a-Porter, Nordstrom, Bergdorf Goodman and Saks Fifth Avenue.
Tina Craig, U Beauty’s founder and chief creative officer, said: “From our very first conversation with Ken and his team, there was a natural affinity –personal, professional, and strategic – between U Beauty and Sandbridge that made our partnership feel like an inevitability.
“Of course, their stellar track record and roster of blue-chip advisors appealed to us. Both companies also share a fundamental perspective that there are no shortcuts to skilful long-term brand-building – and Sandbridge possesses the expertise, wherewithal, and vision to help propel U Beauty to a bigger, brighter future.”
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