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Wednesday, 12 April 2017

Charlotte Tilbury Beauty Gets Fresh Investment From Sequoia Capital


LONDON — Charlotte Tilbury Beauty has a new minority investor, venture capital firm Sequoia Capital. The Welsh-born billionaire Sir Michael Moritz, a partner at Sequoia Capital, will join the board. Both brands declined to comment further on the investment and how the new funds will be allocated. Sequoia, which is based in Menlo Park, Calif., has previously backed Airbnb, Alibaba, Apple, Dropbox, Google, Instagram, JD.com, WhatsApp and YouTube, while Tilbury’s other minority investors include Venrex Investment Management, run by Mark Esiri. Venrex’s other investments include Samantha Cameron’s new brand Cefinn, Orlebar Brown, Astley Clarke and Lyst.com. Sequoia said, in aggregate, the companies it backs account for more than 20 percent of NASDAQ’s total value. It said the vast majority of money it invests is on behalf of nonprofits and schools, such as the Ford Foundation, Mayo Clinic and MIT. Charlotte Tilbury Beauty is a rapidly growing hybrid skin-care, makeup and scent brand. As reported, the company launched its Instant Magic Facial Dry Sheet Mask last month. “Skin is hugely psychological. Every woman wants to feel like the best version of themselves in their skin every day,” Tilbury said in an interview. “I knew I needed to create a mask that was like an expert facialist in your handbag.” A

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