Sekhmet Ventures Portfolio Company Codex Beauty Closes Series A
By Kelly Kovack. This press release originally appeared on Beauty Matter on June 10, 2019.
Sekhmet Ventures, a beauty and wellness venture capital firm, announced the closing of a Series A round of its portfolio partner Codex Beauty.
Established by Sekhmet Ventures Founding Partner Barbara Paldus, Codex is a global collective of skincare brands, dedicated to offering all-natural, science-backed beauty products to consumers of all ages and skin types. The company’s global leadership team is comprised of experts spanning a wide range of relevant disciplines, including herbal science, cosmetic chemistry, dermatology, biotechnology, process automation, and optical spectroscopy.
Sekhmet Ventures is a venture capital company in Silicon Valley that invests worldwide in science-based companies addressing the clean beauty and wellness market. Sekhmet Ventures has assembled a team that supports its portfolio companies with expertise in manufacturing and regulatory compliance. This infrastructure and support not only accelerate the growth and de-risk the business plans of the portfolio companies, they also increase the efficiency of the Seed through Series B investments on which the firm is focused.
IN THEIR OWN WORDS:
“The cosmetics market is saturated with products that make a strong first impression on consumers but lack quantifiable results,” commented Dianne Vavra, Chief Communications Officer of Codex Beauty. “To empower consumers to select products that are right for them, Codex embodies a strong belief that information transparency and regulatory compliance are critical.”
Sunna Helgadottir, Chief Operating Officer of Codex, added, “Codex utilizes a pharmaceutical approach to manufacturing and adheres to strict quality standards, so clean beauty customers can be confident that all products are safe. Codex also strives to offer products that perform well, and whose efficacy can be clinically demonstrated. We look forward to sharing these results with our customers.”
“In the beauty and wellness space, there often exists an idea that ‘completely natural’ and ‘scientifically derived’ are mutually exclusive product attributes,” stated Jacqueline Kissenpfennig, Chief International Business Officer of Codex. “With our diverse team of experts and proprietary development processes, Codex Beauty is able to bridge that gap and offer products that are efficacious and are derived from the best plant ingredients our world has to offer.”