Manchester’s Currentbody.com to expand with £5m growth capital boost

Online retailer Currentbody.com has landed a seven-figure investment.

NVM Private Equity led a £5m growth capital minority investment into the Manchester-based company to support its next phase of expansion.

Currentbody.com will use the boost to accelerate its strategic initiatives and shore up its working capital requirements.

The company operates an online retail platform for home-use beauty devices. It was co-founded by business partners Laurence Newman and Andrew Showman.

Laurence said: “Our partnership with NVM is a significant step in developing our unique product offering internationally whilst continuing UK growth.

“The team at NVM shared our vision and most importantly immediately understood the market opportunity of a pure-play beauty technology platform, making them an ideal cultural fit.”

He continued: “Working with NVM will accelerate our ambition to provide the largest selection of clinically proven, at-home health and beauty technology in the world.

“Exceptional product knowledge in this niche area of beauty and excellent customer care from our team has been so important to our success so far. NVM’s support will further ensure that those high levels remain as we expand.”

NVM Private Equity investment manager Liam May commented: “CURRENTBODY has enjoyed exceptional growth over the past few years, driven by an energetic and ambitious management team with a deep understanding of the beauty market.

“We are excited to support the company’s next phase of growth, establishing itself as the market leading e-commerce platform for beauty devices in the UK and across the globe.”