Subjects: VEN, CXP
Sekhmet Ventures Announces its Launch of New Venture Capital Firm with Beauty and Wellness Focus
PORTOLA VALLEY, Calif., Feb. 12, 2019 /PRNewswire/ -- Sekhmet Ventures LLC, a venture capital fund focused on beauty and wellness announced its formation. Sekhmet Ventures focuses primarily on companies with science-based products in the beauty and wellness markets.
Sekhmet Ventures provides its portfolio companies with more than just capital. Sekhmet Ventures has assembled a team of experts who support its portfolio companies with expertise and extensive experience in marketing, sales, manufacturing, regulatory compliance and other commercial aspects of a beauty and wellness company. By providing these services, portfolio companies are able to accelerate growth without the additional time, capital and potential dilution that would be required to build the infrastructure required to perform these functions.
"We focus on companies with 100% natural and ultra-pure products backed by science," said Barbara Paldus, founding partner. "The investments we have already made are off to strong starts and we look forward to investing in other high growth potential companies which meet these criteria."
"We are extremely pleased to be one of Sekhmet Ventures portfolio companies," said Asa Siegel, CEO and Founder of STAMBA Inc. "Sekhmet Ventures has delivered on its promise to provide us with the expertise and services we have needed for our growth without having to seek additional outside capital and potential dilution."
The beauty and wellness market is expected to grow significantly in the next several years, with a predicted size of over $800B USD by 2023.1 The clean beauty market ? which represents products manufactured to strict, highly-natural standards ? grew 10% in 2017, while the mass beauty marked only showed a 3.8% gain.2 In 2017, natural beauty care products generated over $1.5B in U.S. sales, further demonstrating the market's positive growth trend and positioning Sekhmet Ventures for success.3
About Sekhmet Ventures
Sekhmet Ventures focuses its investments on ultra-pure beauty and wellness products based on science. Sekhmet Ventures provides its portfolio companies with more than just capital. Sekhmet Ventures has assembled a team of experts who support its portfolio companies with expertise and extensive experience in marketing, sales, manufacturing, regulatory compliance and other commercial aspects of a health and beauty company. By providing these services, portfolio companies are able to accelerate growth without the additional time, capital and potential dilution that would be required to build the infrastructure required to perform these functions.
Learn More
To learn more about Sekhmet Ventures, visit www.sekhmetventures.com.
Sekhmet Ventures PR Contact
[email protected]
LG Marketing, LLC
References
1: https://www.reuters.com/brandfeatures/venture-capital/article?id=30351
2: https://pitchbook.com/news/articles/why-vcs-are-pouring-money-into-beauty-brands
3: https://www.fastcompany.com/90227521/the-global-beauty-business-goes-au-naturel
SOURCE Sekhmet Ventures LLC
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