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Pure Culture Beauty isn't accepting new investments

Pure Culture Beauty’s deadline was July 18, 2023

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Logo of Pure Culture Beauty

Pure Culture Beauty

Tech-enabled personalized skincare | Clean, vegan + sustainable
D2C Reduce, Reuse, Recycle Personal Care B2C Women Founders AI & Machine Learning Diversity & Inclusion
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Featured image of Pure Culture Beauty
$49,422
Raised
38
Investors
Successfully funded and closed on July 18, 2023.
Invest in Pure Culture Beauty

Open for investment

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Closed on July 18, 2023. Information may not be up-to-date. Campaign closed on July 18, 2023. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Impact Funding Founders Summary
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by BeNome, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Pure Culture Beauty Crowd SAFE Pure Culture Beauty Form C.pdf
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Hear from some of the 38 investors in Pure Culture Beauty


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Highlights


$1M+ raised
Company has previously raised over $1M in capital
Power Founders
Founders previously exited or operated a large business
  • 6X growth since 2020, with growth accelerating in 2023
  • Target & CVS retail launches in 2022, additional retail expansion in 2023
  • $240B Global Skincare Market | CAGR +5% | Personalized Skincare CAGR +11%
  • Tech-enabled personalized skincare solutions at an accessible price
  • At-home test kits accurately measure skin condition and skin health
  • MAC exit to Estée Lauder| 60+ years experience | BIPOC majority owned
  • Sustainably packaged products surpass EU clean ingredient standards

Problem


One-size-fits-all skincare does not work

Solution


The future of
skincare is personal

We’re replacing generic, one-size-fits-all skincare with targeted formulas that are made to work for your skin. And we’re doing it in a clean, sustainable & inclusive way.

Product


Skincare that's simple, effective, and made for you

To start, customers purchase one of our custom skincare kits. Each kit includes a skin test (ships first so customers can test their skin at home) and choice of skincare formulas that are personalized for their skin needs and goals.


How it works:




Product key benefits


We currently offer five types of custom formulas including cleansers, serums, moisturizers, toners and spot treatments. 

Traction


Target, CVS launch
& future expansion

Since launching our omnichannel strategy in 2021, our revenue has increased 6X, with new customer growth continuing to accelerate in 2023.



Our online store has a high conversion rate of 5%+ (the industry avg. conversion rate for skincare brands is 2-3%) and $30 cost per acquisition (70% less than the industry avg. CPA of $100). With our current traction, we are projecting $3M in annual sales in 2024 and $10M in 2026.

—

In addition to acquiring new customers, we have a very
healthy repeat purchase rate

—

We've received incredible press coverage from hundreds of publications, including:

Customers


100% of reviewers would recommend us to a friend


Custom skincare appeals to all ages



We know our customers:
zero-party data insights


We gather information about our customers' skin concerns, skin type, sensitivity, lifestyle, preferences, and more. By collecting and analyzing this zero-party data, we can better understand our customers' needs and tailor our products and services to meet their unique requirements.

Business model


Attractive, unique
business model

Market


Timely opportunity in a $240B global market

  • Skincare is a massive, growing market — global sales are projected to be $240B by 2030 with a CAGR of +5%. 
  • The personalized skincare market is growing 2X as fast, with a CAGR of +11.2%.

—

Pure Culture Beauty is perfectly positioned to deliver on the key drivers of growth for the skincare market including:

Competition


Delivering on
consumer demands

Pure Culture Beauty delivers a high-quality personalized skincare experience, using only responsibly sourced, clean ingredients at an affordable price.

Vision and strategy


Positioned for rapid growth, cost efficiency & profitability

Over the next few years, we'll be strategically expanding Pure Culture Beauty across the US and Canada, and then expanding globally. We'll focus product innovation within our existing custom skincare category to start, and then bring customization to other beauty categories. We're on track to break even by end of 2025.


Impact


The cosmetics industry produces > 120 billion units of packaging every year,

and 79% of plastic is landfilled,
littered, or incinerated.

We are on a mission to change that — with made-for-you formulas created from responsibly sourced clean ingredients in sustainable packaging, so nothing goes to waste.

Funding


Funding our next
stage of growth

We've bootstrapped with only $1.7M of angel and friends and family investment for a proof of concept and our initial US retail launch.

The objective of our capital raise is to give the community an opportunity to be part of our growth journey. The raise will be used to drive our growth through market expansion, affiliate program, and personalization innovation.

Founders


BIPOC majority-owned with 60+  years of beauty & wellness experience

Summary


Deal terms


Valuation cap

$7,500,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

15%

If a trigger event for Pure Culture Beauty occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$200

The smallest investment amount that Pure Culture Beauty is accepting.
Learn more

Maximum investment

$500,000

The largest investment amount that Pure Culture Beauty is accepting.
Learn more

Funding goal

$1.24M

The maximum amount the offering can raise is $1.24M.
Learn more

Deadline
Pure Culture Beauty needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

Nominee Lead

Chief Executive Officer of the Company (currently Joy Chen)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by BeNome, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Pure Culture Beauty Crowd SAFE Pure Culture Beauty Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Pure Culture Beauty.
Invest
$1,000
Receive
  • 1 Custom Skincare Kit
Invest
$5,000
Receive
  • 2 Custom Skincare Kits
Invest
$10,000
Receive
  • 2 Custom Skincare Kits
  • Virtual meeting with Founders
Invest
$25,000
Receive
  • 2 Custom Skincare Kits
  • Virtual meeting with Founders
  • 25% off for 1 year

About Pure Culture Beauty

Legal Name
BeNome, Inc.
Founded
Dec 2017
Form
Delaware Corporation
Employees
4
Website
pureculturebeauty.com
Social Media
Headquarters
Google Map location of of Pure Culture Beauty
660 4th Street #510 , San Francisco, CA
Headquarters
660 4th Street, #510, San Francisco, CA, United States 94107

Pure Culture Beauty Team
Everyone helping build Pure Culture Beauty, not limited to employees

Profile picture of Joy Chen
Joy Chen
Co-Founder & CEO
Profile picture of Victor Casale
Victor Casale
Co-Founder & Chief Scientist
Joy Chen
Co-Founder & CEO
Victor Casale
Co-Founder & Chief Scientist

Press

9 Best Personalized Skin Care Brands of 2023
InStyle InStyle
·
Apr 25, 2023

When it comes to skin care, choosing from the dizzying array of products and brands can be overwhelming. Traditional, one...

CVS makes foray into custom beauty with Pure Culture launch
Glossy Glossy
·
Nov 30, 2022

Once limited to the DTC world, bespoke beauty is pushing its way further into retail.

How WOC-Owned Startups Are Tapping the U.S. Women's Marke...
https://www.uschamber.com/co/ https://www.uschamber.com/co/
·
Oct 17, 2022

Representing just about half of the U.S. population, women also make up an outsize proportion of consumer spending in man...

11 Custom Skincare Brands Taking Your Beauty Routine Into...
·
Aug 1, 2022

Next level tech creates formulas with your lifestyle, locale, and goals in mind.

Target doubles down on customization with launch of Pure ...
Glossy Glossy
·
Jan 31, 2022

The world of DTC customized beauty is making its way further into retail as Pure Culture Beauty launches at Target.

23 Best Skin-Care Brands You Didn't Know Were Sold at Target
Allure Allure
·
Dec 17, 2021

Target is reliably one of the best places that you can shop for a variety of skin-care options, from drugstore to luxury ...

Beauty has a waste problem, and it's not packaging
Vogue Business Vogue Business
·
Sep 16, 2021

Brands including Prose and Pure Culture Beauty make personalised product formulas using customer data. They're also creat...

The Future of Innovation in the Beauty Industry | Entrepr...
Entrepreneur Entrepreneur
·
Aug 19, 2021

Opinions expressed by Entrepreneur contributors are their own. The pandemic has changed the ways in which consumers shop,...

Lessons Learned from Launching a Skincare Brand in a Pand...
Entrepreneur Entrepreneur
·
Jan 15, 2021

Opinions expressed by Entrepreneur contributors are their own. Launching a business is always difficult; but, before this...

Show all
Logo of Pure Culture Beauty

Pure Culture Beauty

Pure Culture Beauty successfully raised $49,422 from 38 investors on July 18, 2023
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