POW

Unit Split

Powered Brands

Raised
$276M
CIK
1829427
Focus
Beauty, Wellness, Consumer
External link: SEC Filings

SPAC Team

Leadership

Katherine Power has been our Chief Executive Officer since October 2020. Ms. Power currently serves as the chairperson and CEO of Clique Brands, Inc., a global media and consumer brands company she co-founded in 2007. Ms. Power also currently serves as the CEO and a director of Offspring Beauty Co. (dba Versed), a carbon-neutral clean beauty company she founded as the brand Versed under the umbrella of Clique Brands, which was later spun out in September 2018 as a standalone company. More recently and since February 2019, she co-founded and has served on the board of Avaline Ltd., a clean wine brand formed in partnership with actress Cameron Diaz. Since September 2019, Ms. Power has also served as director and CEO of Power Beauty Co. (dba Merit), a cosmetics company, through which her next beauty concept — prestige color cosmetics brand Merit — will launch in January 2021. Ms. Power started her career as the West Coast Editor of Elle Magazine. We believe Ms. Power is qualified to serve on our Board of Directors because of her experience in the beauty and fashion industries as well as her executive experience at numerous companies.

Dana Settle has been the Chair of our Board of Directors since October 2020. Ms. Settle is a co-founder and managing partner at Greycroft, a venture capital firm. She serves on its investment committee and has been responsible for raising over $2 billion in total capital commitments. Since Greycroft’s inception in 2006, Ms. Settle has led investments in technology-enabled, consumer-focused businesses including Acorns, Anine Bing, Avaline, Bumble, Clique Brands, Goop, Happiest Baby, Merit, Prima, Scopely, Seed, The RealReal (Nasdaq: REAL), Thrive Market, and Versed, amongst others. Ms. Settle’s investments have resulted in exits which include the IPO of The RealReal, sale of Trunk Club to Nordstrom, sale of Maker Studios to Disney, and sale of AwesomenessTV to DreamWorks, amongst others. Ms. Settle currently serves on the Board of Directors of IMAX Corporation (NYSE: IMAX), Baby2Baby, and a number of Greycroft portfolio companies. Ms. Settle holds a Bachelor of Arts in Finance and International Studies from the University of Washington and a Master of Business Administration from Harvard Business School. We believe Ms. Settle is qualified to serve on our Board of Directors because of her investment experience and her service as a director at numerous companies.

Karen Cate will serve as one of our directors following the completion of this offering. Since January 2019, Ms. Cate has served as the Chief Financial Officer and Head of Operations for Thrive Market, Inc., an e-commerce retailer focused on healthy and natural products. Ms. Cate has over 25 years of experience in grocery, beauty, consumer packaged goods, manufacturing, eCommerce and wholesale. From December 2017 to January 2019, Ms. Cate served as the Chief Financial Officer and Chief Operations Officer of Kendo Brands, Inc., a prestige beauty incubator and a division of LVMH Moet Hennesey Louis Vuitton se (OTCMKTS: LVMUY). Prior to joining Kendo Brands, Ms. Cate was the Chief Financial Officer of TOMS.com, LLC (dba TOMS), a shoe and apparel company, a position she held from June 2015 to October 2017. Prior to that, Ms. Cate was the Chief Financial Officer of International Coffee & Tea, LLC (dba The Coffee Bean and Tea Leaf) from February 2014 to June 2015. Ms. Cate holds a Bachelor of Science in Accounting from California State Polytechnic University, Pomona, and a Master of Business Administration from Claremont Graduate University. Ms. Cate is also a certified public accountant (inactive). We believe Ms. Cate is qualified to serve on our Board of Directors because of her global finance and operations expertise.

Brianna Mobrem is currently the President and Chief Financial Officer at Clique Brands, Inc, a position she has held since January 2019. Ms. Mobrem joined Clique Brands in 2012, and has spent the past eight years building its finance and operations departments while spearheading the strategic planning for new business opportunities. Ms. Mobrem has overseen multiple fundraising rounds for Clique Brands, and complex transactions including strategic acquisitions, spinouts, and the sale of two portfolio brands to IAC/​InterActiveCorp in 2018. Ms. Mobrem holds a Bachelor of Arts in Business Economics with a concentration in Accounting from the University of California, Santa Barbara.