Caldera + Lab, a US brand specialising in high performance skin care for men, has raised US$6m in series A funding from HIPstr, the early-stage investment arm of HighPost Capital.
Caldera + Lab was launched in 2019 by Jared Pobre, entrepreneur and husband of actress Stacy Keibler.
Its line-up includes face serums, moisturisers and cleansers said to cater to the modern man’s grooming needs.
The brand combines science with potent natural ingredients and sustainable business practices.
Caldera + Lab will use proceeds from the series A to accelerate growth, increase its market share and marketing efforts, fuel its retail expansion strategy and drive R&D.
It also intends to “add talent” throughout the organisation.
“For far too long, men’s premium skin care needs have been ignored or dismissed,” said Pobre, Founder and CEO of Caldera + Lab.
“Caldera + Lab was created with a simple goal, to help inspire people to be their best self without the hindrances of a complicated routine.
“We’re thrilled to partner with HIPstr, whose deep consumer expertise and industry relationships will enable us to deliver the best experience possible to our customers and further invest in our business.”
“Caldera + Lab has all the characteristics of a young consumer company in which HIPstr seeks to invest – an established brand in an industry with attractive growth characteristics and long-term tailwinds, and a hungry entrepreneurial leader,” added David Moross, Chairman and CEO of HighPost.
“In just a few short years, Caldera + Lab has broken through to become one of the fastest growing digitally native skin care brands catering to men with a line of innovative, scientifically-crafted products that delivers clinically-verified results and a commitment to sustainable and ethical sourcing and business practices.
“We look forward to partnering with Jared and his impressive team to support the company’s growth objectives.”
Caldera + Lab is HIPstr’s seventh investment and first in the grooming space.