New World Natural Brands Adds Nügg Beauty To A Swelling Portfolio
New World Natural Brands has acquired Nügg Beauty to assemble a portfolio of four brands in less than a year. The emerging personal care holding company’s purchase of the face mask specialist started by Conny Wittke, former president and CEO of Tweezerman, for an undisclosed price succeeds pick-ups of Suki Skincare, Baetea ...
Showerless Body-Care Startup Busy Beauty Raises $500K To Streamline Personal Maintenance
Busy Beauty, the startup simplifying personal maintenance, has cleaned up with $500,000 from several high-profile investors. The investors backing the emerging brand include former Burt’s Bees and Seventh Generation CEO John Replogle, partner at One Better Ventures, Carl Sparks, former president and CEO of Travelocity, Courtney Reum, co-founder of M13, and Melissa Fensterstock, ...
Schmidt’s Naturals Creator Jaime Schmidt Pivots From CPG Entrepreneur To Investor With New Firm Color
Husband and wife Chris Cantino and Jaime Schmidt, co-founder of Schmidt’s Naturals, have formed investment firm Color to fund companies led by women, minorities and other societally-disadvantaged groups, and backed nut butter startup Wild Friends Foods. Color joined Cambridge SPG, Katjesgreenfood, CircleUp, Echo Capital and Portland Seed Fund to participate in Wild Friends’ ...
L’Oréal Establishes Venture Fund To Make Minority Investments In Rising Startups
L’Oréal has joined the corporate parade into venture investment with the launch of a fund making minority bets on startups poised to shake up the beauty industry. Called BOLD Business Opportunities for L’Oréal Development, the fund’s first investment is in Sillages Paris, an artificial intelligence-powered scent customization concept. Laurent Schmitt, who’s spent six ...
A New Vision For Men’s Grooming: Maapilim Scores $4M To Advance Gender-Neutral Products Sold Digitally
Maapilim has picked up $4 million to move forward with its mission of modernizing the version of masculinity propagated in the grooming segment. Participants in the funding round include Viola Ventures, Kaeden Capital, a joint venture of Keshet International and Dick Clark Productions, and Avishai Avrahami, CEO and co-founder of Wix, as reported ...
The Moneyed Mayvenn: Essence Ventures Leads A $23M Series B Round To Grow The Hair Extension Business
Middlemen remain powerful even in an age in which they’re often disparaged. Take Mayvenn Inc., the wig and hair extension startup that’s snagged a $23 million round of Series B funding led by Essence Ventures with participation from Impact America Fund, a16z and Cross Culture Ventures. It launched in 2013 after co-founder and ...