Gloss Ventures Raises $15M in Growth Capital
Gloss Ventures, the firm behind TikTok-famous lip liner brand Sacheu Beauty, which is said to have revenues of over $40 million in 2024, has raised $15 million with an investment from Peterson Partners.
According to a report published by WWD, the viral peel-off lip liner is expected to hit the $100 million milestone in the next few years.
“This is an exciting time for Sacheu as it continues to capture market share using unique technology and innovative marketing,” Brett Stohlton, partner at Peterson Partners, told WWD. “We believe talent is key, and we are excited to work with Quinn, Sarah, and the rest of the team to build the next great beauty brand.”
“We are thrilled to be working with Peterson Partners and look forward to leveraging their experience and resources as we expand the category, build the team, and scale internationally,” Quinn Roukema, CEO of Gloss Ventures.
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