Over the past decade, beauty start-ups have benefited from lower barriers to entry and a frothy investment environment, but market dynamics have shifted, and raising early-stage investment has become more difficult than ever, especially for first-time founders. Investors have become more conservative in their bets, looking at brands with real traction or that are already profitable.

The current investment environment has made angel investors more critical than ever. We've compiled a list of angel investors that have been active in the beauty and wellness category so far in 2023.

Timon Afinsky, Entrepreneur - Decree

Hayley Barna, Co-founder of Birchbox - Matter of Fact

Marla Beck, Co-founder and former CEO of Bluemercury - Vacation

Nick Beighton, Former CEO of Asos - Indu

Ben Barnett, TFG London CEO - Refined Networks

Halle Berry, Actress - Pendulum

Harry Blain, Art Dealer - Decree

Gail Bojarski, Former GM of Benefit Cosmetics - Indu

Doug Bouton, Cofounder of Halo Top Ice Cream - Flaus

Matteo Bozzo, Founder and CEO of HeidiPay - Hue

Charlie Bradshaw, Matrix APA Founder and CEO - You're Looking Well

Martin Brok, Former CEO of Sephora - Angela Caglia

Celeste Burgoyne, President, Americas and Global Guest Innovation at Lululemon - Sahajan

Michael Casey, Former CEO of Holland & Barrett - Indu

Mark Cuban, Investor - Mad Rabbit Tattoo

Miley Cyrus, Actress and Pop Star - Dolce Glow

Talia Frenkel, L. Brands founder - Lion Pose

Noella Gabriel, Co-founder of Elemis, Indu

Chris Good, Former North America Group President of Estée Lauder Lopo Champalimaud, Founder of Treatwell - Indu, Yepoda

Boris Gratini, Co-founder, Chief Executive Officer, President & Chairman at Nailmatic - Sabé...