Laxmi Beauty raises capital in Series A round
Clients Laxmi Beauty, Inc.
Jones Day represented Laxmi Beauty, a social enterprise featuring luxury skin care products for Western consumers that create micro-enterprises in the developing world, in connection with its issuance of Series A Convertible Preferred Stock in a private placement to, among others: Tim Koogle, the first CEO of Yahoo!; Reid Hoffman, the founder and longtime CEO of LinkedIn; New Enterprise Associates; Sherpa Ventures; Andrea Jung, the former CEO at Avon currently at Grameen USA; and Blake Mycoskie, the founder of Tom's Shoes.
Laxmi Beauty is launching in September 2015 through partnerships with Sephora and a world-class group of women founders, CEOs, and famous entertainers, who are coming together to help empower women in the developing world.