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D'Amelio Brands Announces $5M Investment And Foray Into The Food & Beverage Space

Aug 17, 2023about 2 years ago

Amount Raised

$5 Million

Los AngelesLifestyleFashion

Investors

Fifth Growth Fund

Description

D'Amelio Brands, a new venture and cross-platform company created by entrepreneurs Marc and Heidi, and social media phenoms Dixie and Charli, announced today a $5M strategic investment from the consumer-focused media and tech firm, Fifth Growth Fund (FGF). This round of capital will fuel the company's expansion into the Food & Beverage sector, with the imminent launch of D'Amelio Foods.

Company Information

Company

D'Amelio Brands

Location

Los Angeles, California, United States

About

The D’Amelio family, composed of social media phenoms Dixie and Charli and their parents Marc and Heidi launched their namesake company, D’Amelio Brands. D’Amelio Brands will be a cross-platform company created with a strong vision of bringing thoughtful products, starting with the beauty and fashion space, to life for fans around the globe using the family’s unparalleled business experience and marketing knowledge.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers