Orbit Developments
01625 588 200
CurrentBody reaches £10 million funding milestone

We’re delighted to announce that one of our occupiers, CurrentBody, has generated a total of £10 million in funding following backing from BGF and NVM Private Equity.

Based in Cheadle Hulme, CurrentBody are an online beauty retailer seeing incredible growth at the moment. They have doubled year-on-year over the last five years of growth, and are the world’s largest supplier of beauty devices, having recently been named a global strategic partner for L’Oreal’s Clarisonic range.

Co-founded by Laurence Newman (pictured) and Andrew Showman, CurrentBody sells anti-ageing and acne treatment devices, facial cleaners and hair removal devices through 11 own-language websites around the world. Most recently the company has launched in Australia, America, and China where CurrentBody has signed a joint venture to with Asian distributor Thakral.

Matt Widdall from BGF, one of the UK and Ireland’s most active investors in growing businesses, said:

CurrentBody is an exceptional business, globally recognised as a specialist market leader for at-home beauty devices.  It has driven impressive product sales for its brand suppliers to consumers across the world, often chosen and trusted for its ability to effectively communicate new technology to customers and provide them with exceptional service.

“We are delighted to be joining Laurence, Andrew and the team as a long-term investment partner, supporting CurrentBody’s vision for this exciting next step.”

CurrentBody CEO Laurence Newman said:

“These are exciting times for CurrentBody as we enter this next stage of our growth. We’ve rapidly built our business to supply the largest selection of safe, clinically-proven electrical health and beauty products in the world.

“From a complete start-up, we are now strategic partners with many top brands, testament to the hard work and ambition of a fantastic team.

“We’re delighted to have BGF and NVM join us for the journey. Now that we are a truly international business, our plans for the next few years are to grow our product range and expand our partnerships, whilst remaining true to our founding mission of providing exceptional product knowledge and excellent customer care.”

Related Articles

Associates of Cape Cod join Academy Business Park

Associates of Cape Cod join Academy Business Park

Associates of Cape Cod joined Academy Business Park this week with a grand opening and were joined by President & CEO of the company, AJ Meuse along with Cllr Brennan of Knowsley Council who both officially opened the new site.  Academy Business Park is owned by...

Cowgills joins popular office development in Bolton

Cowgills joins popular office development in Bolton

Orbit Developments are delighted to welcome leading accountancy and advisory firm, Cowgills to Parklands in Bolton.  The company, who have grown rapidly over the last few years have moved from the centre of Bolton and taken the 10,000 sq ft fourth floor of Parklands...

Orbit Celebrates 10,500 sq ft Party Delights Deal

Orbit Celebrates 10,500 sq ft Party Delights Deal

The e-commerce firm has relocated from Irlam to Cavendish House in Sale.  Party Delights, which sells fancy dress outfits and other celebration items, has signed a 10-year lease on 10,500 sq ft within Orbit Developments’ 26,000 sq ft Cross Street building.  A...

Share This