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Makes a $9 million investment in direct-to-consumer brand.
April 12, 2021
By: TOM BRANNA
Editor
Famille C Venture, the private investment firm of the Courtin-Clarins family, has made a $9 million Series B investment in Pai Skincare. Pai is certified organic, vegan and cruelty free. It is sold primarily in three markets, UK, France and the US. According to the brand's founder and CEO Sarah Brown, who still holds the majority stake in the business, the funds will be used to move the manufacturing lab to a 37,000-square-foot new facility; a site large enough to increase capacity by 900%.
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