Company News, Financial News

True Beauty Ventures Closes Debut Fund Above Expectations

VC company has six investments in beauty, wellness and CBD including Kinship, Maude, Crown Affair and Feals.

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By: Christine Esposito

Editor-in-Chief

True Beauty Ventures L.P., a beauty- and wellness-dedicated fund, has closed its debut fund, surpassing its initial target of $30 million. It topped $42 million, according to leaders, which include PE and beauty industry veterans Rich Gersten and Cristina Nuñez. True Beauty currently has six investments to date: hair care brands Aquid, Crown Affair and K18 Hair (hair care), Kinship (a skin care that has expanded into suncare), Feals (DTC CBD), intimacy brand Maude and another clean makeup bra...

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