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Intelligent Beauty secures funding

This article was originally published in The Rose Sheet

Executive Summary

Venture capital firm Technology Crossover Ventures (TCV) has acquired a minority stake in Intelligent Beauty. Terms of the deal were not disclosed. Intelligent Beauty - which focuses on building prestige beauty brands through digital marketing and distribution channels - says it will use the capital to "scale and expand its portfolio of brands through strategic acquisitions and increased media purchasing and marketing efforts." Ian Picache of TCV will join the company's board of directors, but its current owners will retain majority ownership. "TCV has a proven track record for helping to build high-growth e-commerce companies like Intelligent Beauty. We look forward to working with TCV to capitalize on the unprecedented growth opportunities of the Internet and home shopping," Don Ressler, Intelligent Beauty co-founder and co-CEO, remarks. TCV's investment marks Intelligent Beauty's first external round of funding...
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