- Premium coconut-powered lifestyle brand Kopari Beauty announced it closed $20 million in funding
Kopari Beauty — a premium coconut-powered lifestyle brand — announced it has closed $20 million in funding from the Growth Fund of L Catterton, Unilever Ventures, and San Diego-based University Growth Fund.
“The continued investment from such formidable firms demonstrates our sustained category dominance and successful market integration with our hero ingredient to reach a wide, and still growing, consumer set,” said Kopari CEO and co-founder Bryce Goldman. “We are thrilled to partner with Unilever Ventures and L Catterton as we reach new heights in the development of our conscious skin, body and personal care products. Most of all, we are excited about the immeasurable value around growth and strategy that both entities bring to the table.”
With this round of funding, Kopari is going to enhance its commitment to product research and development that utilizes coconut to its most elevated capacity and harness all of the multitasking benefits it has to offer.
And the brand is going to allocate the funding to retail and international expansion, e-commerce improvements for UX/UI, and the brand’s subscription platform.
“In just a little over two years since our initial investment, Kopari has experienced tremendous growth and demonstrated both strong new product development and potential for global expansion,” added Michael Farello — Managing Partner of L Catterton Growth Fund. “We are confident in Kopari’s ability to maintain its position as a leader of the growing natural beauty and personal care categories and support the brand’s mission of providing its global fan base with natural products that fit every aspect of consumers’ beauty routines.”
L Catterton had previously invested in Kopari in January 2017 along with celebrity investors like Ashton Kutcher, Mila Kunis, Jared Leto, Karlie Kloss, Hilary Duff and Shay Mitchell.
“We are excited to partner with Kopari as the brand continues to prioritize developing cleaner, coconut-based personal care products,” explained Olivier Garel — the Managing Director and CEO of Unilever Ventures. “We are hopeful that our work together will help the brand continue to innovate and expand globally in each of its rich, category-specific verticals, spanning from personal care to skincare and beyond.”
With the support of L Catterton, Kopari has continued its rapid expansion into more than 1,800 brick-and-mortar stores worldwide. And it developed more than 26 award-winning products across five product lines.
Kopari launched in 2015 as a direct-to-consumer brand. And the company was founded by Hawaiian-born naturalist and certified-organic chef Kiana Cabell (Creative Director), third-generation beauty experts and industry veterans Bryce Goldman (CEO) and Gigi Farah Goldman (Director of Sales), and health entrepreneur and Suja Juice co-founder James W. Brennan.
Kopari’s products are available for purchase across the US, Canada, Southeast Asia and Australia in retailers like Sephora, Ulta, Nordstrom, Urban Outfitters, Riley Rose, Bloomingdale’s, and Anthropologie along with KopariBeauty.com, Amazon, and Revolve.
And Kopari sources the purest and most nutrient-rich coconut oil from small family farms in the Philippines. And its Its small-batch coconuts are handpicked at peak quality that are never exposed to extreme temperatures and ever-so-carefully cold-pressed. Plus everything from Kopari is free of cruelty, sulfates, parabens, silicone, and phthalates.