L Catterton has acquired a minority stake in luxury Californian skin care brand Eighth Day.
The LVMH-backed private equity firm’s investment is via Elevate Beauty, its early-stage platform.
Eighth Day was launched in 2018 by Dr Antony Nakhla, a reconstructive and skin cancer surgeon, and wound healing expert.
Products from the brand are infused with Peptide-Rich Plasma, a patent-pending, biologically active blend of ingredients.
And its hero product is The Regenerative Serum, which addresses ten visible signs of ageing to refine skin’s texture for healthier, more youthful-looking skin.
L Catterton’s investment marks the first time the brand has received external funding.
The Business of Fashion reported that the capital will be used for global expansion, product innovation and to grow Eighth Day’s executive team.
Nakhla will also step back from his current CEO role in coming months.