FounderSix, a Los Angeles, CA-based beauty brand incubator, raised $12M in funding.
KD Capital made the investment.
The company intends to use the funds to extend its proven model and introduce new influencer-led beauty brands to the market.
Co-founded by Oli Goulden and Pieter Wittgen, Foundersix is a beauty brand incubator providing a comprehensive support model that covers everything from investment, product development, branding, marketing, legal, finance, accounting, ecommerce, and operations. At the core of this is product development, with team members who have worked at, or with, industry such as L’Oréal, Shiseido, Unilever and Johnson & Johnson. FounderSix also boasts close working relationships with manufacturing facilities in South Korea, Italy, and the US among others.
The news follows a third brand launch with Ravie Beauty, a new makeup company created with YouTuber Allie Glines. It follows Anablue, co-founded with Lauren Perez, which draws on her Moroccan heritage to craft haircare products powered by natural ingredients, and ARY WORLD, created with TikTok sensation Alex Renee, which celebrates creativity and individualism with a vibrant range of makeup.
FinSMEs
25/10/2023