LCatterton says it is the largest consumer-focused private equity firm in the world -- and some of Hollywood's most elite have also joined this investment round, including Karlie Kloss, Shay Mitchell, Hilary Duff, Mila Kunis, and Ashton Kutcher.
The capital raised both from L Catterton and celebrity investors will help propel Kopari's continued growth throughout the United States and expansion into international markets, as well as drive Kopari's continued R&D and product innovation.
Funds will also be used to support Kopari's retail partnership with Sephora -- and expand to brick-and-mortar locations nationwide this month.
Bryce Goldman, CEO, Kopari, says, "The investment will allow us to continue our rapid growth and expansion, providing people worldwide with the benefits of coconut oil and cutting edge, multi-purpose formulations that deliver effective results in the safest and most natural way possible."
Goldman continues, "We will be able to accelerate our development of conscious skincare products that are as safe for our skin as they are for the planet. With L Catterton's support, Kopari will have the resources, industry knowledge, and global expertise that we need to take our brand to the next level."
L Catterton also has significant investments in Bliss, Cover FX, CLIO Professional, Dr. Wu, Ideal Image, Intercos Group and StriVectin.
About the Brand
Kopari is a premium, 100% organic coconut oil-based beauty brand has an existing seven-product lineup of multi-tasking and body-care products including Organic Coconut Melt, Coconut Sheer Oil, Coconut Body Glow, Coconut Balm, Coconut Crush Scrub, Coconut Body Milk, and Coconut Body Oil.
All of its products are specifically designed to leverage the natural benefits of coconut oil and are free from sulfates, silicones, parabens, GMOs and other harmful ingredients. A few are shown above.