L Catterton completed the investment in Dragonfly.

L Catterton, the largest global consumer-focused private equity firm, completed the investment in Dragonfly, a technology-enabled platform acquiring and scaling standout e-commerce brands. Financial terms were not disclosed. "Dragonfly has created a remarkable platform with multiple levers – both organic and inorganic – to drive growth within a dynamic and rapidly-expanding environment. We admire Dragonfly's thoughtful approach to brand-building and are impressed by the people, processes, and capabilities that have been built to-date. We're thrilled to have found like-minded partners in Philip and Jeremy as we look to actualize the massive opportunity we collectively see to reimagine how to build and scale consumer brands," Nikhil Thukral, L Catterton Managing Partner.