Business Categories Reports Podcasts Events Awards Webinars
Contact My Account About

DTC FRAGRANCE BRAND SKYLAR RAISES $8 MILLION IN SERIES A FUNDING

Published February 17, 2019
Published February 17, 2019
Skylar

Direct-to-consumer green scented product brand Skylar raised $8 million in Series A funding led by FirstMark Capital, with participation from Upfront Ventures, Amplify LA, Gingerbread Capital, and several individual investors, including the Honest Company’s Brian Lee, who co-founded the baby brand along with actress Jessica Alba.

Skylar was founded in 2017 by Cat Chen, who has experience in the direct-to-consumer, clean beauty world from her time at Honest Company. For the moment the brand is focused solely on building a direct-to-consumer brand, but future wholesale and online expansion is not off the table.

The round brings the brand’s total funding to $11 million. A year ago the business raised a $3 million first round of financing led by Upfront Ventures with participation from serial entrepreneur-turned-investor Brian Lee and other top-tier Los Angeles-based investors.

According to TechCrunch, the Los Angeles investment community is rallying behind Chen and her business. Brian Lee, Amplify, Upfront Ventures, Kaktus Capital (founded by ex-NastyGal executive Deborah Benton), and Brilliant Ventures are all investors in the business.

Read the full story in Fortune.

White Beauty Matter Logo

You've reached your limit.

Want to continue reading this article and others just like it?

Subscribe to BeautyMatter and access the most current beauty intelligence and news updates.

Subscribe

Already a member, login here.