Charles Russell Speechlys In Guildford Advises Vegan Cosmetic Company, BYBI On $7 Million Series A Funding Round
A team from Charles Russell Speechlys in Guildford has advised vegan cosmetics company, the Clean Beauty Co Ltd (trading as BYBI) on its $7million Series A Funding Round, which is supported by Point King Capital and Unilever Ventures.
The Series A Funding Round comes at a time when people around the world are becoming more conscious of the products they purchase, and the ingredients being used, in a bid to help save the environment. The vegan cosmetics industry is experiencing steady growth and is expected to reach USD20.8 billion by 2025.
Founded by Dominika Minarovic and Elsie Rutterford in 2017, BYBI is a 100% natural, vegan and cruelty free skincare brand. BYBI’s vision is to bring climate conscious products to the masses. It is passionate in its fight against carbon, with a goal of becoming the first carbon negative beauty brand. In addition to the beauty products being formulated with the environment in mind, the packaging for BYBI’s products are made from recyclable materials, resulting in a positive environmental impact.
BYBI products are currently stocked at ASOS, Boots, Content Beauty, Fabled, Feel Unique, Lookfantastic, Morphe, Naturismo, Sephora and some of the leading websites stocking beauty products. BYBI products are also stocked in Europe, South East Asia, the United States of America, Canada and Oceania.
The Charles Russell Speechlys deal team was led by Corporate Partner, Rebecca Burford and supported by Corporate Associate, Pei Li Kew.
Dominika Minarovic, Co-Founder of BYBI commented: “The team at Charles Russell Speechlys has been excellent from start to finish. They have been super responsive, supportive, and fully understanding of our brand and vision. Rebecca, in particular, has provided invaluable and commercial advice at every stage of the way. We are so excited to be able to expand our operations into the United States and continue working towards our goal of becoming the first ever carbon negative beauty brand as a result of this Series A Funding Round.”
Rebecca Burford, Partner, Charles Russell Speechlys commented: “It was an absolute pleasure to assist Dominika and Elsie. They are a thoroughly inspiring strong female team who have created an exceptionally strong brand that continues to grow. Advising both early stage companies and companies in the retail sector are key area of focus for the firm, so I am particularly excited to see Dominika and Elsie take BYBI to the next stage, with the expansion into the United States, enabled by the Series A funding.”
Charles Russell Speechlys employs over 160 staff in its Guildford office at One London Square and provides a full range of services to businesses and private clients in the region, backed by the resources of an international law firm. For further information, please visit www.charlesrussellspeechlys.com
Will Covid rent suspension clauses become the new norm?
Post-Brexit business visitors and working in France, Germany, Spain and the UK
Immigration specialist Paul McCarthy will be joined by speakers from Karl Waheed Avocats , Noerr and Sagordoy Abogados.
Brexit and withholding taxes
A key change at the end of the transition period is that the UK is no longer bound by either the EU PSD or IRD.
Africa Global Funds Webinar: Due Diligence for PE Funds in Africa
Victoria Younghusband joined the panel discussing the challenges around due diligence for funds in Africa.
Top 7 Data Protection Tips for Employers
Here are our top 7 data protection tips for employers.
There has been an increase in online phising attacks over the past year - but why?
Building Safety and the “Golden Thread”
What you should be doing now
Exclusion clauses in freezing orders
The principles illustrated in Crowther v Crowther and Moutreuil v Andreewitch.
Charles Russell Speechlys advises Avicenna Group on duo of pharmacy group acquisitions
The acquisition takes Avicenna to a total of 135 pharmacy branches.
The Nature and Prevalence of Pro Bono Partner Roles Globally hosted by DLA Piper
A conversation with four Pro Bono Partners
Charles Russell Speechlys advises IFS on acquisition of Axios Systems
Axios Systems PLC is a global provider of cloud-based Enterprise Service Management (ESM) software.
UK and EU launch two-pronged attack into whether Facebook is abusing a dominant market position
The CMA and the European Commission have said that they intend to work together closely as their respective investigations develop.
Jason Saiban and Caroline Swain among contributors to the ICLG Guide on Digital Business Laws and Regulations in the UK
An overview of the laws and regulations for digital businesses operating in the UK.
Planning Gateway One to introduce new fire safety requirements for high rise residential buildings
The government is introduce a number of new requirements to the planning system - read what the requirements will mean here.
Lasting Powers of Attorney: What you need to know and what is new
A five-minute guide for advisers and money managers
Charles Russell Speechlys advises Apollo Aerospace Components on acquisition of NYK Component Solutions
Apollo is an aerospace and defence supplier.
Draft Online Safety Bill: Regulating the online world
On 12 May 2021, the UK government published the draft Online Safety Bill...
Charles Russell Speechlys have advised Taylor Wimpey UK Limited and Vistry Homes Limited, on the disposal of their interest in the Cambourne Business Park
The £12m land was originally designated as part of an employment zone in the new town, but will now be promoted for 275 residential units.
“Subject to Contract” does not amount to an agreement
What does the recent Aqua Leisure International Limited v Benchmark Leisure Limited mean and what practical tips can be taken?
Anna Sowerby writes for The Fashion Law on the new collaborative approach being taken by luxury brands and online platforms to fight fakes
Online platforms are now under pressure to be more proactive in their approach to tackling the ever-escalating issue of counterfeit goods.