Element Eight, a NYC-based skincare brand, raised $6M in SAFE funding.
The round, which brought the total amount to $7.9M, reported $2.5M of investment from its existing investors, and was able to attract an additional $3.5M from new investors. Martin Brok, accomplished global executive with over 35 years of experience in senior roles, including as Global CEO of Sephora, Nike, Starbucks, and The Coca-Cola Co, will join the company’s Business Advisory Board and will participate in the Series A financing.
The company intends to use the funds to continue to accelerate the growth of potent skincare products.
Founded in 2022 by Gerard Camme and led by Chairman Bradley Patt, Element Eight is bringing advances in oxygen-infusing medicine to skincare. The team spent over a decade developing proprietary OATH™: Oxygen Amplified Therapy technology, which mimics the function of hemoglobin to deliver more oxygen directly to skin cells up to 700 microns deep, counteracting the key signs of aging, all of which are caused by oxygen depletion in the skin.
In addition to this newest round of funding, the company announced the appointment of Jake Galtere as Chief Marketing Officer and Kristi McCluer as Vice President of Global Sales and Education to drive the brand’s global strategy and oversee continued expansion.
FinSMEs
07/11/2023