Summer Fridays, a Los Angeles, CA-based skincare and hybrid makeup brand, received an investment from TSG Consumer Partners.
The amount of the deal was not disclosed.
The company intends to use the funds for product development, brand building, and geographic expansion.
Founded in 2018 by Marianna Hewitt and Lauren Ireland, Summer Fridays is a beauty brand known for its Jet Lag (Mask; Eye Serum) and Lip (Lip Butter Balm; Dream Lip Oil) franchises.
Hewitt and Ireland will retain a significant stake and continue to lead the company along with the rest of the Summer Fridays management team. Prelude Growth Partners will exit its investment in the company as part of the transaction.
FinSMEs
26/07/2024