Topspin Consumer Partners Invests in Carpe, a Leading Sweat Control Brand

Topspin Consumer Partners (“Topspin”), a private equity firm with a strong focus on the consumer sector, has announced its investment in Carpe, a digitally-native brand that has disrupted the market with its innovative sweat control solutions. The financial terms of the transaction were not disclosed.

Topspin is joining forces with Carpe’s founders, David Spratte and Kasper Kubica, who will continue to lead the company. Founded in 2015 in Durham, NC, Carpe began as a solution for excessively sweaty hands—a problem the founders personally experienced. Since then, it has expanded its product line to include a full range of dermatologist-tested products for the entire body, including underarm antiperspirant, anti-sweat cosmetics, and specialized sweat-absorbing solutions for areas such as the breast, thigh, groin, and scalp. Carpe’s success is built on its proprietary formulas that prioritize effectiveness without sacrificing scent or comfort, as well as the strong personal connection the founders have established with their customers. The brand sells directly to consumers via its website and through various e-commerce platforms.

“Since our first meeting with Topspin three years ago, we’ve wanted to partner with them,” said David Spratte, Co-founder & CEO of Carpe. “Their proven expertise in scaling personal care and e-commerce businesses and their ability to launch brands into brick-and-mortar retail make them the perfect partner for our next growth phase. With Topspin’s strategic support, we are confident that we can further our mission to provide innovative sweat solutions to customers worldwide. We’re extremely proud of what our team has achieved so far and look forward to the exciting opportunities ahead.”

Leigh Randall, Managing Partner at Topspin, expressed enthusiasm for the partnership: “We are excited to work with Carpe, a company that truly embodies the entrepreneurial spirit and customer-focused approach we value at Topspin. David and Kasper, along with their team, have done an outstanding job growing the business through continuous innovation and responsiveness to consumer feedback. This investment underscores our commitment to supporting fast-growing, founder-led brands that are disrupting their markets, and we look forward to contributing to Carpe’s continued success.”

KeyBanc Capital Markets Inc. served as the financial advisor to Carpe.

About Carpe:

Founded in 2015, Carpe offers a comprehensive system of effective sweat management products designed to tackle sweating at its source. Carpe’s dermatologist-tested product range includes hand lotion, underarm antiperspirant, sweat-proof cosmetics, hair care products, and more. Developed with input from a panel of medical advisors, Carpe is the #1 dermatologist-recommended antiperspirant brand for whole-body sweat protection. For more information, visit Carpe’s website.

About Topspin Consumer Partners:

Topspin Consumer Partners is a private equity firm based in Mamaroneck, NY, specializing in investments in established, profitable, and rapidly growing middle-market consumer businesses. The firm’s investment focus spans various consumer sub-verticals, including health & wellness, personal care, beauty, food & beverage, household goods, pet products, and children’s products. Topspin’s team possesses significant operational expertise and works closely with founder-owners and management teams to build businesses at different stages and sizes. For more information, visit Topspin Consumer Partners’ website.

Source link

Share your love

Newsletter Updates

Enter your email address below and subscribe to our newsletter