True Beauty Ventures Secures $60 Million In First Closing Of Third Fund

True Beauty Ventures (TBV), a beauty, health and wellness-focused investment firm, has completed the first closing of its third fund, securing nearly $60 million in commitments toward its $100 million target, with fundraising expected to wrap up in the first half of 2027. Co-founded and managed by Rich Gersten and Cristina Nuñez, the firm plans to increase investments in pre-launch and early-stage beauty and wellness brands, with initial checks ranging from $500,000 to $3 million, while expanding its focus on established categories ripe for disruption.

FOUNDERS: Rich Gersten & Cristina Nuñez

AMOUNT: $60,000,000

HQ: New York, New York

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