L Catterton Makes Minority Investment in Eighth Day Skincare

Eighth Day today announced a significant minority investment led by L Catterton, a leading global consumer-focused investment firm. 

 

The growth equity was funded through Elevate Beauty, L Catterton’s early-stage beauty platform. This is the first external capital raise for Eighth Day since its founding by Dr. Antony Nakhla, a board-certified dermatologist, micrographic reconstructive skin cancer surgeon, scientist, innovator and author. The strategic raise will be used to grow Eighth Day’s executive team and support the brand’s innovation pipeline, international expansion and global marketing strategies. 

Launched exclusively at Violet Grey in 2021, Eighth Day made waves in the luxury skincare market with its proprietary skincare innovation, Peptide-Rich Plasma. Inspired by the innate healing and regenerative powers of human skin, which Dr. Nakhla observed firsthand working on tens of thousands of surgical patients throughout his career, Peptide-Rich Plasma is a patent-pending technology composed of 24 bioidentical peptides, growth factors, and amino acids that deliver potent benefits to the skin. In addition to Peptide-Rich Plasma, Eighth Day formulas are paired with thoughtfully selected, bioidentical ingredients designed to restore skin to its optimal health and beauty. A modern and sustainable brand formulated for all skin types, Eighth Day’s custom-engineered packaging is unisex, refillable and made from recycled materials.

 

“We speak the language of skin by using ingredients that are native to human skin cells, prompting the natural and innate healing mechanisms already a part of reparative cell function,” said Dr. Antony Nakhla. “Science is the new luxury, and Eighth Day is the most nutrient-rich, scientific skincare regimen in the world. I’m thrilled for more customers to have access to our transformative formulations through our new and existing retail partners as well as with our growing DTC channel.”

 

The brand’s hero Regenerative Serum is an all-in-one supercharged serum that frequently sells out. In the past two years, the brand has selectively expanded with Bergdorf Goodman, Neiman Marcus, Nordstrom, Olivela, Moda Operandi, and in international markets with Niche Beauty in Germany, Harrods in London, and Melanie Grant in Australia. Today, the brand is launching with one of the leaders in luxury ecommerce, Net-a-Porter.

 

“Eighth Day has established itself as a beloved brand with cult products that harness the power of sophisticated, modern skin technology to promote timeless beauty. The brand has generated tremendous consumer loyalty by offering a narrow lineup of high-performance products that deliver real results,” said Jon Owsley, a managing partner in L Catterton’s Growth Fund. 

 

L Catterton has experience investing globally in the beauty and personal care category. Current and past investments include Tula, Merit, Oddity (Il Makiage’s parent company), Function of Beauty, The Honest Company, Elemis, Nutrafol, Intercos and Marubi among others.