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preludegrowth.com

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Investments

16

Portfolio Exits

1

Funds

2

About Prelude Growth Partners

Prelude Growth Partners, based in New York City, is a growth equity firm focused on providing capital and value-added operating support to fast-growing, high potential consumer brands. Prelude seeks to make investments of $5 million to $15 million in each company, across branded consumer categories including personal care/beauty, health & wellness, food & beverage, and other consumer categories.

Headquarters Location

265 E 66th St Apt #34E

New York, New York, 10065,

United States

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Latest Prelude Growth Partners News

The Center Receives $15 Million Growth Investment From Prelude Growth Partners

Dec 8, 2021

The Center Receives $15 Million Growth Investment From Prelude Growth Partners LOS ANGELES, Dec. 8, 2021 /PRNewswire/ -- The Center, a beauty multi-brand platform today announced that it has received a $15 million minority investment from Prelude Growth Partners, a private equity firm focused on high potential, fast-growing consumer... Author: LOS ANGELES, Dec. 8, 2021 /PRNewswire/ -- The Center, a beauty multi-brand platform today announced that it has received a $15 million minority investment from Prelude Growth Partners, a private equity firm focused on high potential, fast-growing consumer brands. The Center, founded in 2019 by beauty industry veteran Ben Bennett, focuses on building and growing beauty and wellness brands. The Center develops and supports the growth of leaders and up-and-comers in the space including their in-house brands Naturium, MAKE Beauty, and Phlur. CEO and Founder of The Center Ben Bennett notes, "I was receiving a lot of phone calls from firms that wanted to be an investment partner to The Center, however, it was clear to me that an infusion of capital was really the secondary priority. We have had such explosive growth in the last 18 months, especially with Naturium, that we've become a sizable business, but we are still very much in start-up mode. I am so excited to have the support of Prelude Growth Partners and this investment will further fuel our continued expansion. In addition to providing capital to accelerate our growth, Neda and Alicia bring incredible value to our business with strong industry relationships, deep operational expertise, and genuine entrepreneurial enthusiasm to our partnership." "Ben is an outstanding brand architect and it's remarkable to see how quickly he has transformed The Center into one of the most exciting multi-brand platforms in beauty," said Neda Daneshzadeh, Co-Founder and Managing Partner of Prelude Growth Partners. "The team's commercial instinct paired with its product ideation and creativity has made Naturium one of the fastest growing brands in the highly attractive masstige skincare category. We look forward to working with Ben and the team to continue building upon The Center's successful model while providing operational support for its growing brands." The partnership marks the first for The Center, with plans to continue building their platform and investing behind their brands. The Center specializes in emerging consumer goods brands, especially those designed to reach underserved audiences of consumers. About The Center:The Center builds and grows compelling and highly-commercial brands in the beauty and wellness space bringing together an experienced and agile team of strategic and operational experts with a proven track record of creating market-leading consumer goods companies. A deep understanding of forecasting consumer trends underscore The Center's ability to create, define, and market beauty brands. In addition, The Center's management of testing, manufacturing, and distribution adds value throughout the product life-cycle. Within The Center's vertical ecosystem, the centralized shared- services platform identifies trends and efficiencies to be shared across their entire portfolio of brands. About Prelude Growth Partners:Prelude Growth Partners is a growth equity firm that supports brands made for the new modern consumer. By partnering with founders and CEOs, Prelude Growth Partners provides deep category experience, value-added operational support, and a broad network to power the high potential, fast-growing consumer brands of tomorrow. Prelude Growth Partners seeks to make investments of $10 million to $50 million in each company, across branded consumer categories including personal care, beauty, food & beverage, baby, pet, health & wellness and other consumer product, service and technology companies. Investments include: Banza, Sol de Janeiro, Summer Fridays, So Good So You, Westman Atelier, 8Greens, Bachans, dpHUE and Fly By Jing. View original content: https://www.prnewswire.com/news-releases/the-center-receives-15-million-growth-investment-from-prelude-growth-partners-301440703.html

Prelude Growth Partners Investments

16 Investments

Prelude Growth Partners has made 16 investments. Their latest investment was in Bachan's as part of their Series A on September 9, 2022.

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Prelude Growth Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/8/2022

Series A

Bachan's

$13M

No

1

2/17/2022

Series B

Blueland

$20M

Yes

9

2/3/2022

Series B

GuideCX

$25M

Yes

16

12/8/2021

Growth Equity

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$99M

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10

11/1/2021

Series A - II

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$99M

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10

Date

9/8/2022

2/17/2022

2/3/2022

12/8/2021

11/1/2021

Round

Series A

Series B

Series B

Growth Equity

Series A - II

Company

Bachan's

Blueland

GuideCX

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Amount

$13M

$20M

$25M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

1

9

16

10

10

Prelude Growth Partners Portfolio Exits

1 Portfolio Exit

Prelude Growth Partners has 1 portfolio exit. Their latest portfolio exit was Sol de Janeiro on November 15, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/15/2021

Corporate Majority

$99M

10

Date

11/15/2021

Exit

Corporate Majority

Companies

Valuation

$99M

Acquirer

Sources

10

Prelude Growth Partners Fund History

2 Fund Histories

Prelude Growth Partners has 2 funds, including Prelude Growth Partners II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/25/2021

Prelude Growth Partners II

$250M

1

3/13/2018

Prelude Growth Partners I

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$99M

10

Closing Date

2/25/2021

3/13/2018

Fund

Prelude Growth Partners II

Prelude Growth Partners I

Fund Type

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Status

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Amount

$250M

$99M

Sources

1

10

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