IgniteXL Ventures Closes $10M Fund To Back Diverse Beauty And Wellness Founders

Beauty and wellness-focused venture capital firm IgniteXL Ventures has raised $10 million for a fund backing seed-stage disruptive brands and service providers from diverse founders often underserved by venture capital.

Esker Beauty Raises $500K In Pre-Seed Funding To Help It Grow Into An Elevated Modern-Day Version Of Calgon

“My goal is to turn people into bath people,” says Shannon Davenport, founder of clean bath and body care brand Esker Beauty. She’s taken a big step toward achieving that goal by closing a $500,000 pre-seed funding...

Gloss Ventures, The Company Behind Sacheu Beauty, Grows Its Portfolio With Acquisitions And Incubation

Gloss Ventures, home of influencer Sarah Cheung’s brand Sacheu Beauty, has taken a shine to more brands. The incubator and acquirer has purchased three brands—Vitamin Bounty, Active Wow and Zoë Ayla—in transactions financed...

Emerging As An Umbrella Company For Sustainable Brands, Eluma Beauty Inc. Acquires Miiko Skincare Co.

When Elate Cosmetics founder and CEO Melodie Reynolds incorporated her business four years ago, she did so under the name Eluma, a combination of the words “elevate” and “illuminate,” with the idea of creating an umbrella company...

Better For You Wellness Set To Acquire Natural Skincare Brand Mary Louise Cosmetics As It Extends Its Beauty Reach

Better For You Wellness, a special purpose acquisition company or SPAC hunting for plant-based consumer packaged goods brands to purchase along with service providers to support them, is acquiring natural skincare brand Mary Louise Cosmetics....

With Ambition To Become A Premier Plastic-Free Luxury Beauty Brand, Deodorant Startup Akt London Reels In $2M In Funding

“There are many deodorants out there, but they don’t look like Akt,” says actor Andy Coxon, who founded the brand with Ed Currie, who he used to perform with. “We are quite bougie people. We like nice...