Eurazeo Invests $53 Million In Pangaea Holdings, Creator Of Men’S Personal Care Brands Lumin And Meridian
Jul 21, 2021•almost 4 years ago
Amount Raised
$53 Million
Description
Eurazeo, a leading global investment group with a diversified portfolio of $26 billion in assets under management, today announced a $53 million minority investment in Pangaea Holdings, Inc. The investment is part of a larger $68 million funding round including Unilever Ventures, GPO Fund, and existing investors Base10 Partners and Gradient Ventures, bringing Pangaea’s total capital raised since its founding to $87 million. Pangaea incubates and scales digitally native brands through a proprietary global e-commerce platform. The company built its roots in men’s personal care brands focused on effective, simple, and affordable skincare and grooming products.
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech