The Beauty Chef Raises $10 Million, as Ingestible Beauty Takes Hold
Summary
But now science has come on board the concept of the microbiome is hitting the mainstream, she said.She works with scientists, microbiologists, naturopaths and nutritionists to develop products and do research. She has been working on a skin-care range for the past three years, but it has to be organic and highly efficacious and science-based, so that takes time.In addition to raising capital, the Beauty Chef has hired veteran beauty industry executive Laurence Crussol as chief operating officer. Crussol was most recently Jurlique global deputy ceo, where she met Sam McKay, one of the founders of Point King. McKay called her a seasoned global beauty professional and fantastic leader.For Oates, who serves as the companys ceo, the hire of Crussol means she can focus on areas like creative direction and product development. The business is said to be growing, and industry sources said it is doing about $15 million in net sales.McKay, who partnered with Harvey Carter to start Australia-based investment fund Point King, said the two plan to continue to look for deals across the consumer space.Were passionate about beauty and wellness and big believers in the [beauty and wellness] category, McKay said, noting that the fund will look at deals broadly across the consumer space globally.Ingestible beauty has hit the mainstream in recent years as wellness trends continue to permeate society.