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L Catterton sees merit in Founder Katherine Power's new cosmetics company.
September 14, 2021
By: Christine Esposito
Editor-in-Chief
Merit, the minimalist beauty brand led by CEO Katherine Power in 2020, has announced a $20 million Series A funding round led by the Growth Fund of L Catterton. Marcy Venture Partners and Sonoma Brands also participated in the round. L Catterton Vice President Courtney Nelson is joining Merit's board of directors. Merit is Power's fourth digitally native, data-informed brand serving millennial consumers. She previously founded media property Who What Wear, skincare brand Verse...
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