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High Beauty: Closes $4.17M Bridge Financing | Fintech InShorts: Latest fintech news, analysis by experts

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High Beauty: Closes $4.17M Bridge Financing

By Steve Sam

August 16, 2021

High Beauty Closes $4.17M Bridge Financing

High Beauty Inc., a Santa Rosa, Calif.-based skincare brand formulated with hempseed oil, closed a $4.17m convertible bridge financing round
The round was led by RIV Capital, which invested $1.07m, with participation from seventeen additional investors
Led by Melissa Jochim, Founder and Formulator, HighBeauty is a multiple-branded beauty portfolio that spans channels and borders globally
Both high® and canBE naturally high® products are formulated with hempseed oil, bioflavonoids and pure essential plant oils
The company has global distribution partnerships in the U.S., Canada, Asia, the United Arab Emirates, and the European Union
The financing was expanded three times to accommodate additional investments from the HighBeauty Brand