Beauty brand Ogee raises $7 million
Certified-organic beauty brand Ogee Inc. announced on Thursday that it has raised $7.07M in a Series-A offering.
The round was led by Birchview Capital LP and included previous investors FreshTracks Capital and Coastal Ventures. It officially closed in 2021.
The new funding is expected to go towards fuelling growth for the beauty brand. In particular, by expanding its product range.
"We are pleased to have the support of Birchview Capital and all our investors as we look to significantly expand our business, launch new product lines, support additional channels, as well as expand into international sales. We are particularly excited to add to our already successful collection, bringing a greater assortment of healthy, high-performing ingredients to our community," said Mark Rice, CEO of Ogee.
Founded in 2014 in Burlington, VT, Ogee is dedicated to providing certified-organic, high-performance skincare and makeup products made from sustainable ingredients. Ogee's products are created with proven efficacy and meet strict transparency, regulatory, and safety standards.
"We are very pleased to have participated in this important financing for Ogee," added Matt Strobeck, managing partner of Birchview Capital. "We believe this capital provides the company sufficient resources to continue to develop and sell their unique beauty products and positions them for growth."
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