DTC dollars
Chamberlain Coffee: On Thursday, influencer Emma Chamberlain’s coffee brand announced that it closed yet another $7 million round of venture capital funding in April. The news comes after Chamberlain Coffee raised $7 million in August 2022.
Read more: How Emma Chamberlain built a thriving coffee brand
Clare: Inflation is hitting everyone hard—even buckets of paint. DTC paint brand Clare, which announced an $8 million Series A round in February 2022, is raising its prices. The cost for a gallon of paint is increasing by an average of 8%, with some gallons costing as much as $69.
Selva Ventures: Backed by Unilever Ventures, Selva Ventures—whose portfolio includes DTC companies such as cereal brand Three Wishes and coffee alternative MUD\WTR—recently closed a $34 million fund to support up-and-coming CPG brands.