HomeUSASquared Circles Receives $40M in Series A Funding

Squared Circles Receives $40M in Series A Funding

Squared Circles
Squared Circles

Squared Circles, a Los Angeles, CA-based consumer-focused venture studio incubating brands grounded in science, announced the closing of a $40M Series A funding round.

The round was led by L Catterton. The investment follows Catterton’s prior participation in the company’s Seed round, which had been led by investor Wildcat Capital Management, LLC, and Regeneration VC.

With the funds, the venture studio plans to launch and scale at least five more health and wellness brands over the next three years.

Founded by Alexander Gilkes, Osman Khan and Lukas Derksen, Squared Circles is a venture incubator with a focus on creating science-backed consumer products in the food, beverage, and health and wellness spaces.  The founding team collectively has over 60 years of experience in building brands and has launched eight companies, and to date, Squared Circles has built and launched three companies:

1: Magic Molecule, a skin health solution that recreates a compound naturally produced by the white blood cells — hypochlorous acid;
2: Algae Cooking Club, a healthy oil and fats product derived from microalgae, disrupting the $50B edible oils and fat end market and co-founded by Eleven Madison’s Daniel Humm;
3: Freaks of Nature, a high performance skin microbiome brand designed for the 164M outdoor enthusiasts in the U.S. alone, with Kelly Slater as Co-Founder.

VCWire

30/05/2024