Welcome to the Vogue Business Funding Tracker, your go-to source for the most significant and interesting investment and M&A news in fashion and beauty. We track deals that are reshaping the industry—from up-and-coming disruptors to established players making big moves—across fashion, beauty, technology, and sustainability.
November 2025
Huha
Company description: Huha is a women’s intimates brand founded in 2019 by Alexa Suter. Based in Vancouver, it’s best known for its Mineral Undies line, which features Tencel and Smartcel fabrics with antimicrobial zinc-oxide liners. The brand plans to use the investment to drive product innovation and expand into new markets.
Funding and round: $20 million.
Investor(s): District Ventures Capital (portfolio includes Chickapea, Symbodi, Balzac’s Coffee Roasters).
Investor comments: “Alexa has built a brand that connects with consumers by designing underwear for modern health and comfort,” said Arlene Dickinson, founder and general partner of District Ventures Capital. “We see great potential in her vision and strong momentum, and we’re excited to partner with her for the next phase.”
Photo: Courtesy of Huha
Perelel
Company description: Perelel is a women’s supplement company founded by doctors and backed by research. Launched in 2020 by Victoria Thain Gioia, Alex Taylor, and obstetrician-gynecologist Banafsheh Bayati, its supplements are designed to support women through all stages of their hormonal life—from fertility and pregnancy to postpartum and perimenopause. The funding will help accelerate innovation, invest in clinical research, and broaden its product range to build a complete women’s health platform.
Funding and round: $27 million, Series B.
Investor(s): Prelude Growth Partners (portfolio includes Sol de Janeiro, Summer Fridays, Tower 28, Westman Atelier), Unilever Ventures, Willow Growth Partners, Selva Ventures.
Investor comments: “Perelel stands out with its doctor founders, clinical backing, and dedication to women’s health research,” said Neda Daneshzadeh, co-founder and managing partner of Prelude Growth Partners. “We’re proud to partner with the team and support them in building a leading brand that’s redefining women’s health.”
Photo: Courtesy of Perelel
Lan
Company description: Lan is a Chinese skincare brand founded in 2019. It gained popularity with its bestselling facial oils and was one of the first clean beauty lines in China. L’Oréal Group has taken a minority stake in the brand through its Bold venture capital arm.
Funding and round: Minority stake, terms undisclosed.
Investor(s): L’Oréal Bold Ventures (portfolio includes Borntostandout, Replika, Ami Colé).
Investor comments: “We believe investing in China means investing in the future,” said Vincent Boinay, L’Oréal North Asia president and China CEO. “We’ll keep nurturing the Chinese market, collaborating with more local brands to create a beautiful future and meet the high expectations of Chinese consumers.”
Xinú
Company description: Xinú is a Mexican luxury fragrance brand inspired by Mexico’s craftsmanship, culture, and storytelling. Founded in 2017 by Veronica Peña, Héctor Esrawe, and Ignacio Cadena, it currently sells in Mexico and the U.S. Peña suggested that the investment from Estée Lauder Companies (ELC) will fuel expansion, calling it the moment when “our unique vision for a fragrance company meets global opportunity.”
Funding and round: Minority investment, terms undisclosed.
Investor(s): The Estée Lauder Companies (portfolio includes Tom Ford Beauty, Jo Malone London, Le Labo).
Investor comments: “Mexico has become a vibrant center for fragrance innovation, where craftsmanship and cultural relevance blend in remarkable ways,” said Stéphane de La Faverie, president and CEO of ELC. “Xinú captures this spirit, redefining contemporary fragrance.”Woolrich, an American outerwear brand, has been acquired by Italy’s BasicNet Group for €40 million from investment fund L-Gam. The deal, set to finalize in December, aligns with BasicNet’s existing strong presence in Woolrich’s key markets like Italy and Europe. BasicNet’s CEOs expressed excitement about integrating Woolrich, praising its unique heritage and fit with their long-term vision for brand management.
Skims, co-founded by Kim Kardashian and Jens Grede, raised $225 million in funding, valuing the company at $5 billion. The shapewear brand, projected to exceed $1 billion in net sales by 2025, plans to expand its physical retail footprint globally, enhance product innovation, and broaden its categories. Investors include Goldman Sachs Alternatives and BDT & MSD Partners, who highlighted Skims’ innovative approach to apparel.
Trip, a beverage and wellness brand founded in 2019, secured $40 million in Series A funding, reaching a $300 million valuation. Known for its CBD-infused sparkling drinks, the company attracted investors like Coefficient Capital and celebrities such as Joe Jonas and Ashley Graham, who praised its calming ingredients and flavors.
The Outnet, an off-price retailer formerly part of Yoox Net-a-Porter Group, was sold to The O Group LLC for $30 million. After YNAP’s acquisition by Mytheresa and integration into LuxExperience, The Outnet will operate independently, while LuxExperience focuses on a streamlined Yoox.
Homecourt, a homecare brand launched in 2022 by Courteney Cox, offers products like dish soap and hand soap.Bodycare has secured $8 million in Series A funding from Cult Capital, an investor in brands like Supergoop and Act + Acre. The company plans to use the investment to grow by expanding retail partnerships, boosting brand visibility, and eventually entering international markets.
Whatnot, a social commerce platform launched in 2019 that enables users to buy unique items via live stream, has raised $225 million in Series F funding. This round values the company at nearly $11.5 billion, more than doubling its valuation since early 2025. Investors include DST Global, CapitalG, Sequoia Capital, and others. Laela Sturdy of CapitalG praised Whatnot for bringing live shopping to the US, UK, and Europe and building a fast-growing marketplace with a loyal community.
ShopMy, an affiliate and influencer marketing platform connecting brands such as Rhode and Gucci with creators, has raised $70 million in Series B funding, valuing it at $1.5 billion. The company’s revenue grew 200% in the past year, and it has been profitable since 2024. Investors include Avenir, Bain Capital Ventures, and influencers like Sofia Richie Grainge. Andrew Sugrue of Avenir highlighted ShopMy’s success in enabling creator commerce for premium brands without compromising their image.
Kering Beauté is being acquired by L’Oréal Group in a €4 billion deal. The agreement includes a 50-year license for L’Oréal to develop and distribute beauty products for Bottega Veneta, Balenciaga, and Gucci after its current license with Coty ends. The two companies will also explore opportunities in longevity-focused wellness. L’Oréal CEO Nicolas Hieronimus expressed excitement about the partnership, noting it strengthens their position as a top luxury beauty company.
Oura, the Finnish smart ring manufacturer, has raised $900 million, bringing its valuation to approximately $11 billion. The company has sold over 5.5 million rings since its launch ten years ago, benefiting from increased consumer interest in health wearables. Oura doubled its revenue from 2023 to 2024, exceeding $500 million, and expects to double it again in 2025, surpassing $1 billion in sales.Oura
Company description: Oura, the maker of the smart ring that tracks health metrics like sleep and activity, has surpassed an annual sales threshold.
Funding and round: $900 million, series E.
Investor(s): Fidelity (portfolio includes Nvidia, Meta, Microsoft), Iconiq, Whale Rock, and Atreides.
Photo: Jeremy Moeller/Getty Images
Kate Somerville
Company description: Unilever has sold the LA-based prestige skincare brand Kate Somerville to Rare Beauty Brands. Unilever had acquired Kate Somerville in 2015. The deal is expected to finalize in the fourth quarter of 2025, pending regulatory approvals.
Funding and round: Acquisition, terms undisclosed.
Investor(s): Rare Beauty Brands (portfolio includes Patchology, Dr Dana).
Investor comments: Chris Hobson, president and CEO of Rare Beauty Brands, said, “We have long admired Kate Somerville’s innovative spirit and dedication to results-driven skincare, which fits perfectly with our goal to create products that delight, communities that empower, and brands that inspire. Together, we see a bright future with new opportunities to grow and reach more consumers.”
Photo: Courtesy of Kate Somerville
BNTO
Company description: BNTO is an AI-powered fashion retail platform that launched in September 2024. It provides a subscription service for renting or buying new or pre-owned clothing at discounted prices. The company closed a $15 million funding round in January, which it announced publicly alongside the launch of its AI styling agent, Maya.
Funding and round: $15 million, series A.
Investor(s): Notable Capital (portfolio includes Quince, Red, Poshmark), Basis Set Ventures, NEA, and AI Fund.
Investor comments: Hans Tung, managing partner at Notable Capital, stated, “BNTO is developing two potentially transformative AI systems: one is a consumer-facing AI that personalizes what people wear and how they access it, and the other is a supply chain AI that handles the operational complexity of rental, retail, and resale at scale—a new model called ‘omniconsumption’.”
Photo: BNTO
Willy Chavarria
Company description: New York-based designer Willy Chavarria started his namesake brand in 2015 after working at Ralph Lauren and Calvin Klein. This minority investment from the UAE’s Chalhoub Group isn’t his first funding; in 2024, he received backing from FAE Fashion Ventures, the investment arm of entertainment company First Access Entertainment, which wasn’t announced at the time. With the new funds, the brand aims to expand its global retail presence in key markets like Europe and Asia, launch new projects, and fulfill Chavarria’s long-term vision.
Funding and round: Minority investment, terms undisclosed.
Investor(s): Chalhoub Group (portfolio includes Threads Styling, Christofle).
Investor comments: Zahra Kassem-Lakha, Chalhoub Group’s chief investment officer, said in a statement, “Willy Chavarria represents the evolving face of luxury, rooted in culture, identity, and community. Our partnership is based on a shared ambition to support brands with strong values and unique voices. We believe his creative vision and powerful storytelling are reshaping fashion globally.”
Photo: Umberto Fratini / Gorunway.com
The Webster
Company description: The Webster is a multi-brand retailer founded in Miami in 2008, now with 13 locations across the US. Following its acquisition by Frasers Group, The Webster will continue as a standalone business managed by founder and CEO Laure Hériard Dubreuil, who remains a shareholder, while Frasers provides expertise in scaling luxury offerings.
Funding and round: Acquisition, terms undisclosed.
Investor(s): Frasers Group (portfolio includes Flannels, Sports Direct, Mulberry).
Investor comments: Michael Murray, CEO of Frasers Group, commented, “The luxury multi-brand sector is currently under pressure and underinvested, creating an opportunity for a proven, credible brand like The Webster to grow and scale further.”That’s where we step in, offering operational and digital expertise to help grow and expand this already iconic brand to reach its full potential.
Halfdays
Company description: Halfdays is a women’s outdoor and performance wear brand, created to address the underrepresentation of women in the outdoor industry. Founded in 2020 by Olympian Kiley McKinnon, Ariana Ferwerda, and Karelle Golda, it’s designed in Colorado with mountain culture in mind. The brand plans to use its new funding to expand its winter and ski collections, branch into activewear and everyday performance clothing, boost wholesale operations, and invest in physical stores.
Funding and round: $10 million, Series A.
Investor(s): Kellwood Company (which owns brands like Parker, Briggs NY, and Rebecca Taylor), DSG Ventures, and model Taylor Hill.
The Beauty Tech Group
Company description: Founded in 2009 by Laurence Newman and Andrew Showman, The Beauty Tech Group is known for its at-home LED face masks and laser devices. After raising £106.5 million through an IPO on the London Stock Exchange, the company is set for its next growth phase, with a market value of $400 million.
Funding and round: £106.5 million, IPO.
Vylit
Company description: Vylit is a startup that helps creators connect with fans, build communities, and monetize content using a discovery algorithm, AI image generation, and chat tools. Founded by former OnlyFans CEO Amrapali Gan and entrepreneur Kailey Magder, it reduces the need for a large following. The platform will launch publicly in December 2025.
Funding and round: $2.7 million, seed.
Investor(s): Windmill Chain Fund.
Phia
Company description: Phia is an AI shopping assistant founded by Phoebe Gates (Bill Gates’s daughter) and Sophia Gianni. It helps users find and track the best prices for products across retailers, including secondhand platforms. The app and browser extension launched in April 2025.
Funding and round: $8 million, seed.
Investor(s): Kleiner Perkins (investors in Amazon, Google, Snap), Hailey Bieber, Kris Jenner, Michael Rubin, and Ebay Ventures.
Osea Malibu
Company description: Osea Malibu is a premium body care brand started in 1996 by mother-daughter team Jenefer and Melissa Palmer from California. Known for its seaweed-based products and holistic wellness approach, the founders will keep a significant stake to continue guiding the brand’s growth. With new investment, the company aims to strengthen its presence in the U.S. and enter new markets through retail partnerships.
Funding and round: Minority investment, terms not disclosed.
Investor(s): General Atlantic (investors in Too Faced, Gymshark, Depop).
Investor comments: Ben Sherman of General Atlantic said, “Osea has built strong momentum in prestige bodycare with its clean, effective skincare and holistic wellness focus. We’re excited to support the team as they enter their next growth phase.”
Nudestix
Company description: Nudestix is a Canadian makeup brand founded in 2014 by chemical engineer Jenny Frankel, who has 20 years of beauty product experience, and her daughters Taylor and Ally Frankel, who serve as chief brand officer and chief inspiration officer. The cruelty-free, vegan brand is famous for its multi-use cream makeup sticks that give a natural look. Nudestix will use this investment to strengthen its position in the market.Byoma, a Gen Z-favorite skincare brand, is known for its science-backed formulas that protect the skin barrier and its vibrant yet minimalist packaging. Founded in 2022 by beauty entrepreneur Marc Elrick, who will remain CEO after the acquisition, Byoma’s educational and inclusive approach has resonated with today’s informed beauty consumers. The brand was acquired by Bansk Group, which also invests in Amika, Eva NYC, and Ethique. Chris Kelly, senior partner at Bansk, praised Byoma for making skincare simple, effective, and affordable while staying connected to its community.
In August 2025, Sycamore Partners acquired Walgreens Boots Alliance for $10 billion. The deal involves splitting Boots, the UK pharmacy and beauty retailer, from Walgreens, the US pharmacy chain, to operate them independently. Stefan Kaluzny, managing director of Sycamore, highlighted Boots’ strong community presence and consistent growth, noting its potential to thrive as a standalone company.
Paravel, a luxury luggage brand from the US, filed for bankruptcy in May and was acquired by British travel brand Antler, which also owns Australian luggage brand Nere. This move supports Antler’s goal of building a global portfolio of travel brands. Paravel will relaunch in 2026 under Antler’s ownership while keeping its distinct brand identity. Kirsty Glenne, managing director at Antler, emphasized how the acquisition broadens their appeal to diverse travel lifestyles worldwide.
Debut, a San Diego-based biotech beauty firm, uses AI to discover ingredients that combat aging. The company will use its $20 million funding to advance skin longevity research and expand its formulation business in the US and Asia. Investors include Fine Structure Ventures, EDBI, Wealthberry, BOLD (L’Oréal’s venture fund), GS Futures, Sandbox Industries, and Material Impact.
Eight Sleep, a New York company creating AI-powered smart sleep products, plans to open retail stores in 2026, expand in Asia, and develop an AI sleep agent that adjusts temperature, elevation, and routines based on biometric data to improve recovery. The company raised $100 million in a Series D round from investors such as HSG, Valor Equity Partners, Founders Fund, Y Combinator, and Ferrari F1 driver Charles Leclerc.Here is a rewritten version of the provided text, maintaining the original meaning while using more natural and fluent English:
Purvala Bioscience
Purvala Bioscience is a US biotech company that creates health and beauty ingredients based on natural molecules such as proteins, lipids, and peptides. In haircare, their products use biological components to repair damaged hair by restoring its natural structure. Before being acquired, Purvala had a relationship with Olaplex, transferring three patents to the brand in 2023. This marks Olaplex’s first acquisition since its founding 11 years ago.
Funding: Acquisition (terms not disclosed)
Investor: Olaplex
Investor comment: Olaplex CEO Amanda Baldwin said, “From the start, Olaplex was built on innovation with our groundbreaking bond-building technology, giving stylists and clients transformative results. We’ve already made a significant impact on the industry, and with Purvala, we believe we can develop the next generation of science-backed innovations alongside our patented technology.”
Guess
Los Angeles fashion brand Guess has partnered with brand management firm Authentic Brands Group (ABG) to take the company private. ABG will buy a 51% stake in Guess, with the remaining 49% held by existing stockholders. Guess’s current management will continue to run the company, and the deal is expected to be finalized in January 2026, during the fourth quarter of Guess’s fiscal year.
Funding: 51% acquisition for approximately $1.4 billion in cash
Investor: Authentic Brands Group (which also owns Reebok, Champion, and Dockers)
Investor comment: Jamie Salter, founder and CEO of ABG, stated, “Guess is a powerhouse brand that has shaped style and culture for over 40 years. We have great respect for the Marciano family and their team, who built an innovative, heritage-rich brand with global reach and strong partnerships. We’re excited to continue this legacy as Guess begins its next chapter with us.”
Hanesbrands
Hanesbrands, a US clothing company known for underwear and basics brands like Hanes, Playtex, and Wonderbra, is being acquired. The deal, set to close by the end of the first quarter next year, will merge Hanesbrands with Canadian clothing manufacturer Gildan to expand their basic apparel business.
Funding: $2.2 billion acquisition
Investor: Gildan (owner of American Apparel, Gildan, and Peds)
Investor comment: Glenn Chamandy, President and CEO of Gildan, said, “This acquisition will double our revenues and give us a scale that sets us apart. Combining with Hanesbrands strengthens our position and extends Gildan’s retail presence for its brand portfolio. We’ll use our efficient, integrated platform to boost innovation and drive growth, all while supporting our customers and creating long-term shareholder value.”
Fabergé
Luxury jeweler Fabergé has been sold to Russian tech investor Sergei Mosunov through his US investment firm, SMG Capital. Fabergé has historical ties to the Russian Imperial Family, for whom it created ornate eggs before the revolution. Founded in 1842, it was owned by gemstone miner Gemfields since 2013, when it was bought for $142 million from private equity firm Pallinghurst. The sale is part of Gemfields’ effort to streamline its portfolio and fund its mining and processing operations in Africa.
Funding: $50 million acquisition
Investor: SMG Capital
Investor comment: “It is an honor for me to become the custodian…” (Note: The original text appears to be cut off here.)Fabergé’s unique heritage, with connections to Russia, England, France, and the US, offers great potential to strengthen its global luxury market position and expand internationally, according to Sergei Mosunov, CEO and owner of SMG Capital.
OneSkin, a skincare brand, uses a special peptide in its anti-aging products that it claims can reverse the skin’s biological age by targeting damaged “zombie” cells. Founded by four scientists with PhDs, the company secured $20 million in Series A funding from Prelude Growth Partners, which praised OneSkin’s innovative science and leadership in skin longevity. This investment replaces a previous investor without affecting other shareholders’ stakes.
Adanola, a women’s activewear brand from Manchester started in 2015, has gained a loyal following and is worn by celebrities like Kendall Jenner. A minority investment from Story3 Capital Partners, valuing the brand at around $530 million, will support its international growth and plans for physical stores.
Dishoom, a UK restaurant group inspired by Bombay’s Irani cafés, received a minority investment from L Catterton to fund its expansion, including a U.S. location in 2026. The investor commended Dishoom’s exceptional food, service, and popularity.
In July 2025, the Ermenegildo Zegna Group, an Italian luxury company that owns Zegna, Thom Browne, and Tom Ford Fashion and reported €1.95 billion in revenue in 2024, agreed to transfer over 14.1…Ermenegildo Zegna Group is selling 14.1 million shares at $8.95 each to Singapore’s Temasek, receiving $126.4 million in cash upon completion of the deal, expected by July 30, 2025. After the transaction, Temasek will hold a 10% stake in Zegna, following a previous purchase of 12.7 million shares. Nagi Hamiyeh, Temasek’s head of EMEA, will join Zegna’s board in June 2026.
The group plans to use the funds to boost growth in its brand portfolio and expand into new markets, noting Temasek’s expertise in Asia, where Zegna’s presence is currently limited.
Funding: $126.4 million for a 10% stake.
Investor: Temasek (investments include Amazon, Alibaba, Blackrock, Nvidia, Mastercard).
Comments: Hamiyeh stated that Zegna has a strong position in high-end luxury and offers long-term value, with Temasek committed to supporting European businesses with global potential as a long-term partner.
Uni, a luxury bodycare brand founded by Alexandra Keating, is known for clinical-grade products and partnerships with Soulcycle and Mr Chow. It will use undisclosed minority funding to expand internationally, including into the U.S. via Ulta Beauty.
Investors: Break Trail Ventures (Fitlab, Guest House), Bold (L’Oréal’s venture fund with Ami Colé, Borntostandout), Mazdack Rassi (Milk founder), model Adwoa Aboah.
Phlur, a fragrance brand co-owned by influencer Chriselle Lim, is being acquired by TSG Consumer. Lim will remain creative director and keep a significant stake, as will The Center, a beauty accelerator.
Investor: TSG Consumer (Elf Cosmetics, IT Cosmetics, Smashbox Cosmetics).
Comments: Colin Welch of TSG noted that Phlur meets modern shoppers’ desires for identity and emotion, with plans to grow customer loyalty and reach new audiences.
Flexjet, the world’s second-largest private jet company, has secured an $800 million investment for a 20% stake, the largest in private aviation history. Chair Kenn Ricci highlighted collaboration opportunities with L Catterton, backed by LVMH’s Bernard Arnault, in areas like consumer insights and luxury delivery.
Investor: L Catterton (Ganni, Etro, Birkenstock).
Comments: Scott Dahnke, global CEO of L Catterton, praised Flexjet’s innovation and consumer focus over its 30-year history.
Gen Phoenix has signed a $50 million deal with Tapestry.Tapestry has entered into a three-year material supply agreement with Gen Phoenix, a manufacturer of recycled leather fiber materials. As part of this partnership, Tapestry has increased its investment in Gen Phoenix during a $15 million funding round led by venture capital firm Material Impact. This brings Tapestry’s equity stake in Gen Phoenix to 9.9 percent. The new funding will help Gen Phoenix speed up research and development, expand into new categories and markets, and scale its UK production facility. The two companies have been collaborating since 2022.
Molli, a heritage knitwear brand founded in 1886 and based in Paris, is known for its craftsmanship and partnerships with suppliers in France and Italy. This marks the brand’s first funding round since CEO Charlotte de Fayet took over and relaunched it in 2014. The investment will support Molli’s development and promote its knitwear heritage. LVMH Luxury Ventures has taken a minority stake, though the terms were not disclosed.
British beauty retailer Space NK, which carries brands like Rare Beauty, Glossier, and Aesop, has been acquired by Ulta Beauty from Manzanita Capital. This ends a 23-year relationship with the London investment firm and marks Ulta’s entry into the UK market. Space NK plans to open five more stores across the region this year.
Swatchbook, a California-based cloud platform with an extensive fabric and material database, has been acquired by CLO Virtual Fashion, a 3D fashion design software company. The two firms have had a technical partnership since 2017 and share a vision to accelerate the use of 3D technology in the fashion industry.CLO Virtual Fashion CEO Simon Kim stated: “We are excited to leverage unique opportunities, including our AI-driven fabric technology, to better serve our users and industry clients.”
Facegym
Description: Facegym is a facial fitness and skincare brand offering facial workouts supported by tools and products designed to sculpt and tone facial muscles. Partnering with Indian conglomerate Reliance will enable Facegym to expand into the region, which it views as a key growth market, with Reliance managing local operations and development. The investment will fund 25 new locations in India, additional studios in London, Manchester, New York, and LA, and further European expansion.
Funding: Minority investment, terms undisclosed.
Investor: Reliance Retail Ventures (portfolio includes Hamleys and Campa Cola).
Bhakti Modi, co-founder and CEO of Reliance Retail’s beauty platform Tira, commented: “Facegym uniquely combines beauty, wellness, and fitness, creating its own category. This resonates with India’s discerning, experience-focused beauty consumers who are increasingly drawn to innovative, science-backed concepts.”
Color Wow
Description: Color Wow is a popular haircare brand founded in 2013 by Gail Federici, co-founder of John Frieda. It gained fame through its viral Dream Coat anti-frizz treatment. Following its acquisition by L’Oréal, it will join the group’s professional products portfolio.
Funding: Acquisition, terms undisclosed.
Investor: L’Oréal Group (portfolio includes Kérastase, Redken, and Aesop).
Omar Hajeri, president of L’Oréal’s professional products division, said: “We are thrilled to welcome Color Wow to the L’Oréal family. As a premium haircare brand with proven effectiveness at an accessible price, this acquisition strengthens our presence in haircare and styling. We aim to make Color Wow a global powerhouse, confident in its strong potential.”
Dr Squatch
Description: Dr Squatch is a men’s grooming brand known for natural soaps, body washes, deodorants, and haircare and skincare products. Its growth has been fueled by collaborations, social media marketing, and partnerships with influencers and celebrities, including a viral limited-edition soap with Sydney Sweeney. Unilever is acquiring the brand from Summit Partners, with the deal expected to close later this year pending regulatory approvals.
Funding: Acquisition, terms undisclosed.
Investor: Unilever (portfolio includes Axe, Dove, and Dermalogica).
Fabian Garcia, president of Unilever’s personal care division, noted: “Dr Squatch has built a loyal following with desirable products and smart digital strategies. We look forward to scaling the brand internationally and enhancing our offerings in the fast-growing men’s personal care market.”
Dôen
Description: Founded in 2016 by sisters Margaret and Katherine Kleveland from California, Dôen has become a fashion-favorite lifestyle brand, celebrated for its floral print dresses and flowy blouses. The company reports rapid growth to over $100 million in revenue, with 40% year-on-year e-commerce growth and a 110% increase in wholesale bookings year-to-date. It previously raised $1 million in pre-seed funding.
Funding: Series A, amount undisclosed.
Investor: Silas Capital (portfolio includes Makeup by Mario, Vacation, Ilia Beauty, and Sakara Life).
Investor comment: “Dôen is an exceptional brand that masterfully combines timeless appeal with sophisticated, practical products.””Tremendous potential exists to grow their deeply loyal community by boosting e-commerce momentum and expanding their highly productive retail presence,” said Brian Thorne, partner at Silas Capital. “We’re excited to partner with Margaret and Katherine at this pivotal stage in their journey.”
Alta
Alta is an AI personal styling and shopping app founded by Jenny Wang. It recommends outfits based on a user’s existing wardrobe, lifestyle, budget, the occasion, and weather. Users can try on suggested outfits with virtual avatars and mix shoppable items with their own clothes. The app’s generative AI model is developed in-house using fashion data.
Funding: $11 million seed round.
Investors: Menlo Ventures (investors in Warby Parker, Uber, Poshmark), Aglaé Ventures (backed by the Arnault family), DoorDash CEO Tony Xu, models Karlie Kloss and Jasmine Tookes, stylist Meredith Koop, MSCHF founder Gabriel Whaley, Rent the Runway co-founder Jenny Fleiss, and Poshmark founder Manish Chandra.
“Personalized styling used to be a rare luxury,” said Amy Wu Martin, partner at Menlo Ventures. “Alta is changing that with AI that understands fashion and personal taste at scale. We wanted a founder who combines technical skill with fashion and consumer insight, and Jenny Wang is exactly that. We’re thrilled to support her as Alta reimagines how people shop and dress.”
Try Your Best (TYB)
Founded in 2022 by Ty Haney, TYB is a mobile rewards platform where users earn coins by completing challenges and mini-games from over 200 brands like Rare Beauty and Glossier. These coins can be redeemed for discounts or exclusive product access. The gamified approach aims to boost community engagement and loyalty, with members reportedly purchasing 43% more than non-members. The funding will help onboard more brands and users.
Funding: $11 million Series A.
Investors: Offline Ventures (invested in Smashing, Bloom, Merkle Manufactory), Strobe Ventures (invested in Ledger, Chronicle, Vlayer), Coinbase Ventures, Castle Island Ventures, and Unusual Ventures.
“The future of brands is about belonging, not broadcasting,” said Dave Morin, co-founder and managing partner at Offline Ventures. “TYB turns customers into a community and transactions into trust. In an age of short attention spans, participation is the new loyalty. Ty and her team are building a commerce system driven by meaning, not just marketing.”
Healf
Healf is a UK-based online retailer launched in 2020 by brothers Lestat McCree and Max Clarke, offering premium wellness products such as supplements, protein powders, and superfoods. It also publishes blog posts on wellness topics like blood sugar management and red light therapy.
Funding: Minority investment, terms undisclosed.
Investor: Iris Ventures (investors in Superlativa, Olistic, Apricity).
“Wellness is now seamlessly integrated into daily life through curated retail, personalized tech, and habit-forming products,” said Montse Suarez, founder and managing partner of Iris Ventures. “We’re moving from reactive solutions to proactive strategies. Max and Lestat saw this early and have built an outstanding business quickly. We’re proud to partner with them in shaping the future of well-being.”
Lenti
Lenti is an IAn Italian eyewear maker based in Bergamo, specializing in molding and lens treatments for eyewear, visors, and parts used in the automotive and motorcycle industries, has been acquired. The company employs about 100 people. This move is part of Kering Eyewear’s strategy to expand its in-house manufacturing capabilities. The acquisition terms were not disclosed.
Kering Eyewear, whose brands include Gucci, Cartier, and Saint Laurent, and which manufactures for UNT, Mistral, and Visard, commented on the deal. Roberto Vedovotto, founder and CEO, said, “We’ve long admired Lenti’s excellent products and are proud to welcome them to Kering Eyewear. They bring valuable expertise to our top-tier manufacturing platform, facilities, and most importantly, our talented team.”
Medik8, a UK-based skincare brand founded in 2009 by Elliot Isaacs, is known for its science-backed formulas and popular Crystal Retinal line, all made in-house. For the year ending September 2023, it reported pre-tax profits of £15.6 million. L’Oréal has acquired a majority stake, though terms were not disclosed.
L’Oréal, which owns brands like La Roche-Posay, SkinCeuticals, Kiehl’s, and Cerave, expressed enthusiasm. Cyril Chapuy, president of L’Oréal Luxe, stated, “We’re thrilled to welcome Medik8 to our family. As a premium skincare brand with proven results at an accessible price, it fits perfectly with our portfolio. We believe in its global potential and look forward to building its worldwide presence together.”
Rino Mastrotto, an Italian leather supplier for luxury, automotive, and interior design sectors, has seen Prada Group buy a 10% stake. As part of the deal, Prada will transfer full ownership of its tanneries, Concerta Superior and Tannerie Limoges, to the group. The transaction is expected to finalize by the end of the second or third quarter this year. Prada paid cash for the stake; other terms are confidential.
Prada Group, with brands such as Prada, Miu Miu, and Versace, and manufacturing interests including Superior, Luigi Fedeli e Figlio, and Filati Biagioli Modesto, explained the investment. Chairman Patrizio Bertelli said, “This strengthens our control over a key production phase. We share a commitment to quality, innovation, and sustainability, and we’re proud to drive synergies and support ‘Made in Italy’ along the value chain.”
In May 2025, Rhode, founded by Hailey Bieber in 2022, reported rapid growth with sales reaching $212 million for the year ending March 31, 2025, and more than doubling its customer base in the past year. Primarily direct-to-consumer, the brand plans to launch in Sephora by year-end. Known for trends like the “strawberry girl” aesthetic and glazed donut look, as well as products like the Peptide Lip Treatment and a viral phone case, Rhode was acquired for $1 billion. Post-acquisition, Bieber will remain as founder and take on expanded roles as chief creative officer and head of innovation.
Elf Beauty, which owns Elf and Naturium, commented on the acquisition. Chairman and CEO Tarang Amin said, “Elf Beauty found a like-minded disruptor in Rhode. It adds a fast-growing brand to our diversified portfolio.”This opens up top-tier prestige to more people. We’re thrilled by Rhode’s power to break down beauty barriers, which perfectly matches Elf Beauty’s goal of building a unique kind of company. Rhode is a stunning brand that we believe is poised for explosive growth.
Hailey Bieber.
Photo: Dave Benett/Getty Images for Rhode
Jupiter
Company description: Jupiter is a premium scalp care brand focused on treating dandruff. Founded in 2020 by Robbie Salter, Ross Goodhart, and Alexa Adler, it’s available at Bergdorf Goodman, Target, and various dermatology clinics.
Funding and round: Minority stake, terms undisclosed.
Investor(s): True Beauty Ventures (portfolio includes K18 Hair, Crown Affair, Maude), Melitas Ventures, Willow Growth Partners, Springdale, and Swat Equity Partners.
Veminsyn
Company description: Veminsyn is a Chinese biotech startup founded in 2021 by four doctoral students—Yaran Zhao, Jiayue Chen, Yufan Li, and Xiaomei Lin—from Peking and Tsinghua University in Beijing. The company uses AI to develop bioactive skincare ingredients that combat aging. The investment will be used to create new bioactive ingredients, scale up production, and invest in low-carbon biomanufacturing technologies for cosmetic raw materials.
Funding and round: $13.8 million, series B.
Investor(s): Shanghai Meicifang Investment (L’Oréal’s China fund), Bold (L’Oréal’s corporate venture fund), and Nice Group (a Chinese manufacturer of cleaning and personal care products).
Investor comments: “Veminsyn stood out with their unique biotech expertise, which we believe will be key to developing new sustainable ingredients. We’re confident that tapping into the energy of China’s startup scene will help us achieve this faster and more efficiently than ever,” said Vincent Boinay, President of L’Oréal North Asia Zone and CEO of L’Oréal China.
Sparxell
Company description: Cambridge-based startup Sparxell creates plant-based colorant technology. By converting cellulose from sources like wood pulp and agricultural waste into vibrant, biodegradable pigments, Sparxell enables brands to dye fabrics without relying on fossil-based or synthetic chemicals. The company joined LVMH’s La Maison des Startups accelerator in 2023 and has collaborated with brands such as Louis Vuitton, Dior, and Loewe, nearing its first million in sales. Sparxell plans to expand its facilities to double production capacity.
Funding and round: €1.9 million grant.
Investor(s): European Innovation Council (portfolio includes Lili.AI, Tilkal).
Sparxell cellulose-based colorant textile samples.
Photo: Courtesy of Sparxell
Io
Company description: Little is known about tech hardware startup Io, but it was founded by Jony Ive, an Apple designer who played a key role in creating the iPhone. OpenAI has not yet released any hardware products, but this acquisition suggests they’re heading in that direction. According to an OpenAI blog post, the partnership has been in development for two years and is the largest known acquisition by the ChatGPT maker to date. Ive will not join OpenAI directly, but Io will merge with the company to work more closely with its research, engineering, and product teams.
Funding and round: $6.4 billion, acquisition.
Investor(s): OpenAI (portfolio includes ChatGPT).
Investor comments: “AI is an amazing technology, but creating great tools requires blending technology, design, and a deep understanding of people and the world. No one does this better than Jony and his team; their attention to detail in every step is remarkable,” said Sam Altman, co-founder and CEO of OpenAI. “The way we interact with technology can transform profoundly. I hope we can bring back some of the joy, wonder, and creativity I felt when I first used an Apple computer 30 years ago.”
Sam Altman, CEO of OpenAI.
Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images
Dockers
Company description: DockersDockers is an American brand recognized for its casual and comfortable clothing. Established by Levi’s in 1986 as a denim alternative, it gained popularity with chinos and khakis. Authentic Brands Group acquired the brand for $311 million. CEO Jamie Salter noted that Dockers aligns with their model due to its strong heritage, high awareness, and licensing foundation, highlighting its role in defining casual workwear and potential for expansion.
Foot Locker, a global retailer of footwear and sports apparel, is famous for its sneaker selection. Operating 2,400 stores across 20 countries and licensed outlets in Europe, the Middle East, and Asia, its brands include Foot Locker, Kids Foot Locker, Champs Sports, WSS, and Atmos. With $8 billion in net sales in 2024 but a weak stock performance, it became a takeover target. Dick’s Sporting Goods acquired it for $2.4 billion to strengthen its position in the Nike sneaker market. Executive Chair Ed Stack praised Foot Locker’s cultural impact and sees growth potential through operational improvements and combined strengths.
Touchland is a rapidly growing hygiene brand known for its colorful, skincare-infused hand sanitizers and fragrance mists. Reporting sales of around $130 million for the year ending March 31, 2025, it was acquired by Church & Dwight for $700 million. CEO Rick Dierker highlighted Touchland’s appeal to younger consumers, strong loyalty, and repeat purchase rates.
Terminal 9, a Paris-based production company founded by Claude Lacaze in 2013, specializes in behind-the-scenes documentaries for luxury brands like Dior, Bvlgari, and Mugler. It was acquired by The Independents, with terms undisclosed.
Blank Beauty is a U.S.-based beauty-tech firm that uses AI and robotics for on-demand customization, such as personalized nail polish shades. It raised $6 million in a Series A round, bringing total funding to over $12 million, with Evolution VC Partners as the investor.Beyond Meat, Masterclass, Sandbox, Kirker Enterprises, and Epson are included.
Wonderskin
Photo: Courtesy of Blank Beauty
Wonderskin is a beauty brand famous for its peel-off lip stain, which became popular on TikTok. The company plans to use the investment to speed up its retail growth and develop new products.
Funding: $50 million, Series A.
Investor: Insight Partners (portfolio includes Shopify, Quince, Prose).
Investor Comment: “Wonderskin is transforming the beauty industry with its patented innovations, striking product designs, and strong consumer connection,” said Rebecca Liu-Doyle, Managing Director of Insight Partners. “Their unique blend of science, creativity, and cultural awareness is impressive, and we’re thrilled to help them become the next iconic beauty brand.”
Photo: Courtesy of Wonderskin
Vitrolabs
VitroLabs is a lab-grown leather startup that received investment from Kering in 2022 as part of a $46 million Series A round, though it faced challenges in scaling up commercially. The company has now been acquired by Faircraft, a rival lab-grown leather startup that raised €15.8 million in Series A funding in December 2024. Faircraft aims to use Vitrolabs’ R&D to bring its products to market. As a result, Vitrolabs will shut down.
Funding: Acquisition, amount undisclosed.
Investor: Faircraft.
Investor Comment: “This acquisition is a strategic milestone, making us the leader in high-quality In Vitro leather production,” said Haïkel Balti, Co-founder and CEO of Faircraft. “Our goal is to establish In Vitro leather as a symbol of prestige for top fashion houses.”
April 2025
Skin Rocks
Founded in 2022 by beauty expert, author, and licensed aesthetician Caroline Hirons, Skin Rocks is a skincare brand recognized for its scientifically formulated products and eye-catching packaging. The brand will use the new funding to innovate its products and expand globally.
Funding: Series A, terms undisclosed.
Investors: Redrice Ventures (portfolio includes By Rotation, Luna), JamJar (portfolio includes Deliveroo, Oatly), Saffie Investments.
Investor Comment: “We admire Skin Rocks for its expert-led mission to simplify beauty and make skincare understandable. Its focus on formulas and high-quality products has earned it a loyal following,” said JamJar investor Emily Bullman.
Photo: Courtesy of Skin Rocks
Eeden
Eeden is a German textile recycling startup based in Münster that recycles textiles into new materials. The Series A funding will help commercialize its recycling process, with plans to launch next year.
Funding: €18 million, Series A.
Investors: Forbion Bioeconomy Fund (portfolio includes Novameat, Solasta Bio), Henkel Ventures, NRW.Venture.
Investor Comment: “Eeden’s innovative solution makes large-scale textile recycling both technically and commercially viable soon. We see great potential and are eager to support their scaling efforts,” said Alex Hoffmann, General Partner at Forbion.
Photo: Courtesy of Eeden
Kult
Kult is an Indian beauty-tech startup that uses AI to provide personalized skincare recommendations through a visual catalog tailored to diverse Indian skin tones. The funding will help the company grow by adding more products and expanding its team.
Funding: $20 million, Series A.
Investors: M3M Family Office, Venture Catalysts.
Skin Sapiens
Founded in 2018 by James Jardella, Skin Sapiens is known for its gentle skincare products designed for sensitive skin.Trove, a resale company, has acquired German resale platform Reverse.supply. Founded in 2020 by Janis Kunkler and Max Grosse Lutermann, Reverse.supply partners with European brands such as Bergzeit, Decathlon, Armedangels, Hessnatur, and 10Days. Post-acquisition, its clients will have access to Trove’s complete technology suite, supporting Trove’s international expansion.
Trove CEO Terry Boyle noted the strategic timing of the acquisition, citing new European laws on producer responsibility and right-to-repair that push brands to adopt resale, repair, and recycling programs. By setting up a European headquarters in Berlin with an experienced team, Trove aims to serve brands across regions with comprehensive resale solutions.
Versace, the Italian luxury brand founded by Gianni Versace in 1978, is known for its bold and glamorous style. After Gianni’s death in 1997, his sister Donatella took over leadership. In 2018, Michael Kors (now Capri Holdings) acquired Versace. Following a failed merger with Tapestry, owner of Coach, Capri sought to sell Versace. The brand has also appointed Dario Vitale, formerly of Miu Miu, as its new chief creative officer, succeeding Donatella.
Prada Group has acquired Versace for €1.25 billion. Prada Group’s chairman, Patrizio Bertelli, expressed plans to honor Versace’s legacy while leveraging the group’s platform and investments to write a new chapter in its history.
Lyst, a fashion shopping platform, enables users to browse products from more than 27,000 brands and stores using AI-powered discovery. It is famous for its quarterly Lyst Index ranking popular brands and products. The acquisition by Japanese e-commerce firm Zozo is set to finalize by April 2025. Lyst will remain an independent business in London under CEO Emma McFerran.
Zozo invested $154 million in the acquisition. Executive director Utahiro Inui praised Lyst’s platform and brand voice, stating that together they aim to revolutionize online fashion shopping and deliver inspiring experiences.
Blng AI uses generative AI to convert jewelry sketches into photorealistic designs and simplify prototyping. The startup plans to use $3 million in seed funding from investors including Speedinvest, Cove Fund, and eSe to grow its teams in Europe and the US and enhance its commercial operations.BLNG
Investor comments: “We were immediately drawn to BLNG by their passionate pitch and impressive lineup of luxury brand partners. Succeeding in the luxury and jewelry sector demands exceptional quality, innovation, and trust—all areas where the founders have excelled,” said Max Wilhelm, investor at Speedinvest.
Photo: Blng AI
True Classic
Company description: True Classic is a direct-to-consumer menswear brand, launched in 2019, best known for its well-fitting T-shirts and wardrobe staples.
Funding and round: Minority investment; terms were not disclosed.
Investor(s): 1686 Partners (portfolio includes Ahlem and MSCHF).
Fairly Made
Company description: Fairly Made offers a SaaS platform that enables fashion brands to track their supply chains and measure environmental impact. Clients include LVMH, Balmain, and SMCP. The new funds will support international growth.
Funding and round: €15 million, Series B.
Investor(s): BNP Paribas Solar Impulse Venture Fund (portfolio includes Phenix and NatureMetrics), GET Fund, ETF Partners, and Frenchfounders.
Investor comments: “Supply chain transparency has shifted from a nice-to-have to a must-have—it’s the essential first step toward sustainability,” said Laura Wirsztel, partner at BNP Paribas Solar Impulse Venture Fund.
Markmi
Company description: Markmi uses AI to help fashion retailers optimize markdown pricing, using data to boost margins during sales. The startup plans to build a fully AI-driven pricing platform, including full-price optimization and promo management.
Funding and round: €1.1 million, seed.
Investor(s): Luc Van Mol, the Torfs family, Lorenz Bogaert, Matthias Geeroms, Jan Teerlinck, Roeland Delrue, Jonas Deprez, and PMV.
Wild
Company description: Wild is a UK-based brand offering natural deodorants in refillable, plastic-free packaging, along with lip balms and body and hand washes.
Funding and round: Acquired; terms were not disclosed.
Investor(s): Unilever (portfolio includes Dove, Dermalogica, and Paula’s Choice).
Investor comments: “Wild’s creative formulas, eco-friendly packaging, and social media-driven marketing have made it a standout brand and a great addition to our personal care lineup,” said Fabian Garcia, president of personal care at Unilever.
Photo: Courtesy of Wild
Yepoda
Company description: Yepoda is a K-beauty brand recognized for its clean, innovative products. Founded in 2020, it generated over €65 million in revenue in 2024. Funding will help expand across Europe via Sephora and support its U.S. launch.
Funding and round: Series B; terms were not disclosed.
Investor(s): Verlinvest (portfolio includes Oatly, Vita Coco, and Tony’s Chocolonely), V3 Ventures, and Jamjar Investments.
Investor comments: “Yepoda, a leading K-beauty innovator, is the first brand from our V3 Ventures fund to move into the main Verlinvest portfolio. We’re thrilled to keep working with founders Sander and Veronika to bring their natural, effective, and sustainable K-beauty vision to mainstream and Gen Z consumers. With the Sephora rollout in Europe and plans to expand globally, we believe Yepoda is set for long-term international success,” said Ben Black, executive director at Verlinvest.
Photo: Courtesy of Yepoda
LYS Beauty
Company description: Founded by makeup artist and product developer Tisha Thompson, LYS Beauty is celebrated for its clean formulas and inclusive shade range. It was the first Black-owned clean beauty brand carried by Sephora.
Funding and round: Series A; terms were not disclosed.
Investor(s): Encore Consumer Capital (portfolio includes Supergoop and Tarte).
Investor comments: “LYS’s products are…”Encore Consumer Capital director Jamie Schwartz praised Lys, stating, “It’s truly innovative, with excellent marketing strategies and immense potential for growth. We are selective with our partners and believe Lys has as much promise as Tarte and Supergoop, two other transformative beauty brands we’ve had the privilege to work with.”
Covision Media
Photo: Solita Delacruz
Covision Media employs AI and 3D scanning to create digital replicas of products, enabling virtual try-ons on e-commerce sites. It has collaborated with brands like Gucci, Adidas, and Inditex.
– Funding: €5 million seed round.
– Investors: CDP Venture Capital’s Artificial Intelligence Fund, Redstone VC, Euregio+, and The Techshop.
Michael Brehm, founding partner at Redstone VC, commented, “Covision is revolutionizing visual content creation across industries. It’s the best technology we’ve encountered globally, and we’re excited to support their development of innovative tools.”
Arcade
Arcade is a generative AI marketplace where users input text or images to receive AI-generated designs that can be customized and turned into purchasable products. Starting with jewelry, it has expanded into home goods.
– Funding: $25 million Series A.
– Investors: Canaan Partners, Forerunner Ventures, Adverb Ventures, Factorial Funds, and existing backers including Reid Hoffman, Offline Ventures, Sound Ventures, Inspired Capital, and Torch Capital.
Kirsten Green of Forerunner Ventures noted, “AI is reshaping consumer experiences, and Arcade excels in personalization by involving customers in a co-creative process to produce fully customizable items.”
Pickle
Pickle is a U.S.-based peer-to-peer fashion rental app. The funding will help scale same-day services, improve product and community features, and grow its team in marketing, engineering, and logistics.
– Funding: $12 million Series A.
– Investors: FirstMark, Craft Ventures, Burst Capital, and FJ Labs.
Rick Heitzmann of FirstMark said, “Pickle stands out with its viral growth and strong consumer loyalty, reminiscent of Instagram’s early days. Its high retention and community-driven expansion indicate a category-defining business.”
Photo: Pickle co-founders Julia O’Mara and Brian McMahon.
Purple Style Labs
This Indian luxury fashion company, founded in 2015, focuses on scaling local brands globally. Its portfolio includes Wendell Rodricks, Hemant Trevedi, Pernia’s Pop-Up Shop, and First Look magazine.
– Funding: $40 million Series E.
– Investor: Sage One.Circ, a US-based textile recycling startup that has partnered with brands like Zara, has secured $25 million in funding. Investors include Taranis, Inditex, and Avery Dennison. The funds will support the launch of its first industrial-scale plant for recycling blended textiles.
Leo France, a Florence-based costume jewelry manufacturer, has sold a 20 percent stake to Chanel, though the terms remain undisclosed.
Indē Wild, a Mumbai-based ayurvedic skincare and haircare brand founded by Diipa Büller-Khosla and Oleg Büller-Khosla, raised $5 million in a seed extension round. Backers include Unilever Ventures, SoGal Ventures, and True Global Ventures.
Epoch Biodesign, a UK startup using enzymes and AI to break down plastic waste, raised $18.3 million in a Series A round. Investors include Extantia Capital, Inditex, and Lowercarbon Capital. The funding will help scale production toward commercial capacity by 2028.
The Things We Do, an LA beauty clinic founded by Vanessa Lee, received a majority investment from Age/Well Aesthetics Partners. The clinic is known for facial balancing treatments and has served celebrities like Kim Kardashian.
In February 2025, Imerza and Visualisation One were acquired by Together Group, a collective serving luxury brands. Imerza creates digital twins using game-engine technology, while Visualisation One specializes in cinematic architectural visualizations. The acquisition aims to enhance digital and visualization services for luxury real estate and brand projects.Here is a rewritten version of the provided text, maintaining the original meaning while improving fluency and simplifying complex phrases:
Together Group
Together Group has acquired several companies, including Purple PR, The Future Laboratory, and North Six. The financial terms were not disclosed. CEO Christian Kurtzke stated that luxury is now about creating captivating and transformative experiences, not just products and services. He explained that these acquisitions are a key step in helping luxury brands become immersive platforms that engage audiences in both digital and physical spaces, positioning them for success in the experience economy. The announcement was accompanied by a digital animation from Visualisation One and a photo provided by Together Group.
Fara Homidi Beauty
Fara Homidi Beauty is a makeup brand created by makeup artist Fara Homidi, recognized for its clean formulas and stylish packaging. Available at retailers like Sephora, Violet Grey, Goop, and Dover Street Parfums Market, the brand will use a new minority investment to expand its team, increase marketing efforts, and boost its international presence. Sandbridge Capital, which also invests in companies like The RealReal and Ilia, provided the funding, though the terms were not disclosed.
Stuart Weitzman
Stuart Weitzman, a footwear brand famous for its popular over-the-knee boots in the mid-2010s, has been acquired by Caleres for $105 million. Previously owned by Tapestry since 2015, the brand will now join Caleres’ portfolio, which includes Famous Footwear and Sam Edelman. Caleres CEO Jay Schmidt expressed commitment to preserving the brand’s craftsmanship and quality while expanding its global and direct-to-consumer reach. He anticipates profitable operations after integration and looks forward to a smooth transition with the Tapestry and Stuart Weitzman teams. A photo of Kate Moss wearing the brand’s boots by Neil P. Mockford/FilmMagic was included.
Ahlem
Ahlem, a luxury eyewear brand founded in 2014 by Paris-born designer Ahlem Manai-Platt and based in Los Angeles, has received a minority investment to support global expansion, retail development, and enhancements in client services, wholesale, marketing, and production. The brand aims to double its business within three years. The investment comes from 1686 Partners, founded by Chanel heir David Wertheimer, whose portfolio includes MSCHF and Syrup Tech. A photo courtesy of Ahlem was provided.
Borntostandout
Borntostandout, a niche Korean fragrance brand launched in 2022 by Jun Lim, is known for its unique scents and bold packaging and is sold in over 60 countries. It has secured Series A funding from Touch Capital and L’Oréal’s venture firm, Bold. Anna-Lena Kamenetzky, co-founder of Touch Capital, praised Jun as a visionary entrepreneur who has built a distinctive brand that blends contemporary appeal with South Korean artisanal traditions, creating a compelling draw for consumers. The funding terms were not disclosed.
Kayali
Kayali is a Dubai-based fragrance brand founded by Mona Kattan in 2018, known for its sweet fragrances and metallic packaging. It was initially part of Huda Beauty, her sister Huda’s company. Following a recent deal, Kayali will separate from Huda Beauty to operate independently.Mona Kattan will continue as CEO of Kayali, which will operate as an independent company. Huda Beauty will repurchase the stake held by TSG Consumer Partnerships since 2017.
Funding and round: Acquisition, terms undisclosed.
Investor(s): Mona Kattan and General Atlantic (portfolio includes Too Faced, Gymshark, Depop).
Investor comments: Melis Kahya Akar, managing director and head of consumer for EMEA at General Atlantic, said: “Fragrance is one of the fastest-growing segments in beauty, and Kayali has redefined the sector with its creativity, authenticity, and emotional connection to consumers worldwide. Mona has built a truly special brand that resonates across generations and cultures, offering personalization and attracting both fragrance enthusiasts and newcomers. We see great potential for Kayali to grow as it expands its global community, launches new products, and continues to innovate in scent storytelling.”
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Kurt Geiger
Company description: Founded in 1963, British footwear and accessories brand Kurt Geiger has over 70 stores in the UK and US. Known for its rainbow print and signature eagle embellishment, it has been owned by private equity firm Cinven since 2015.
Funding and round: Acquisition, £289 million.
Investor(s): Steve Madden (portfolio includes Betsey Johnson, Dolce Vita, Brian Atwood).
Investor comments: Edward Rosenfeld, chair and CEO of Steve Madden, said: “We’re excited to add Kurt Geiger to our portfolio—a brand that has shown exceptional growth in recent years. Its unique image, high-quality statement styles, and compelling value have driven success across multiple categories, especially handbags.”
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Palm Angels
Company description: Streetwear brand Palm Angels, founded in 2015 by Francesco Ragazzi, is known for bold designs inspired by LA skate culture. It has been acquired by brand management company Bluestar Alliance. Ragazzi will leave after the acquisition. Previously part of New Guards Group (NGG), which Farfetch acquired in 2019 (NGG filed for bankruptcy in November 2024), Palm Angels joins Bluestar, which also acquired Off-White from LVMH in 2024, highlighting its focus on streetwear.
Funding and round: Acquisition, terms undisclosed.
Investor(s): Bluestar Alliance (portfolio includes Off-White, Scotch & Soda, Hurley).
Investor comments: Joey Gabbay, CEO of Bluestar Alliance, said: “Palm Angels stands out for blending streetwear and luxury. We’re committed to supporting its evolution, innovation, and global expansion. This acquisition fits our strategy of growing iconic brands with strong cultural relevance and consumer appeal.”
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Jacquemus
Company description: Simon Porte Jacquemus founded his namesake brand in 2009, growing it into a successful independent fashion house. In October, he sought a minority investor to fund store openings. L’Oréal Group has now taken a minority stake and will help launch a beauty line.
Funding and round: Minority investment, terms undisclosed.
Investor(s): L’Oréal Group (portfolio includes YSL Beauté, Aesop, Lancôme).
Investor comments: Nicolas Hieronimus, CEO of L’Oréal Group, said: “We don’t plan to increase our stake in Jacquemus. This investment shows our support for Simon and belief in the brand, helping him develop his retail project—similar to an upfront for a license.”
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Amouage
Company description: AmouageAmouage is an Omani luxury perfume brand with products starting at €365. In 2023, its sales exceeded €200 million. Rumors of L’Oréal’s interest in the brand have circulated since April 2024. L’Oréal Group has made a minority investment, though the terms remain undisclosed. Nicolas Hieronimus, CEO of L’Oréal, praised Amouage as “one of the most sophisticated fragrance houses in the Middle East” during the company’s latest earnings call.
Archive, founded in 2021, provides white-label resale platform technology to over 50 global brands, such as The North Face and Oscar de la Renta. The company raised $30 million in a Series B round to fund software development, product innovation, and global expansion. Investors include Energize Capital, Woodline Partners, Frontline Growth, and existing backers like Lightspeed Venture Partners and Bain Capital Ventures. Eileen Waris of Energize Capital noted that Archive’s software helps brands capitalize on the shift toward sustainable shopping while boosting profitability.
AB Parfums, previously Angelini Beauty, holds licenses to produce fragrances for brands like Trussardi and distributes L’Oréal labels such as Ralph Lauren. Founded in 2013, it was acquired by Give Back Beauty, which plans to integrate it as a dedicated unit for European lifestyle and prestige brands. The move strengthens Give Back Beauty’s direct-to-retail presence in Italy, Germany, and Spain.
Golden Goose, a luxury sneaker and sportswear brand founded in 2000, has seen revenues more than double since Permira acquired a majority stake in 2020. In January 2025, Blue Pool Capital, the family office of Alibaba co-founder Joe Tsai, acquired a roughly 12% minority stake. This followed Golden Goose’s decision to postpone its IPO in June 2024. The brand aims to leverage Blue Pool Capital’s expertise in sports, entertainment, and the APAC market for expansion.
ShopMy is an influencer marketing platform that enables content creators to earn commissions through affiliate links with brands like Reformation and H&M. It secured $77.5 million in a Series B round led by Bessemer Venture Partners and Bain Capital Ventures.ShopMy has gained support from notable figures including Gap’s chief business and strategy officer Eric Chan, influencers Camila Coelho, Campbell and Jett Puckett, and Shea McGee, as well as companies like Rent the Runway and Acorns.
Jeremy Levine, a partner at Bessemer, commented: “ShopMy has unlocked the secret to scaling genuine influence. By turning trusted recommendations into measurable performance marketing, they’re creating a fresh approach to commerce. Their impressive growth and profitability highlight the huge potential in this market, and we’re excited to work with them as they broaden their vision.”
111Skin was established in 2012 by London-based plastic surgeon Dr. Yannis Alexandrides. The brand is recognized for its clinical products and sheet masks, which are favorites among influencers and celebrities. It received a significant minority investment from Skky Partners, co-founded by Kim Kardashian, though the terms were not disclosed.
David Brisske, managing director of Skky Partners, said: “Eva Alexandridis, Yannis, Vanessa Goddevrind, and the 111Skin team have built a sought-after brand with top-tier products and a dedicated following, aligning well with Skky’s strategy. With a solid foundation and great potential, we’re honored to join forces for their next growth phase.”
Minimalist, a premium skincare and haircare brand launched in 2020 by Mohit Yadav and Rahul Yadav, is known for its science-driven formulas. Hindustan Unilever acquired a 90.5% stake in the company.
Rohit Jawa, CEO and managing director of Hindustan Unilever, stated: “This acquisition strengthens our beauty and well-being portfolio in high-growth premium segments. Mohit, Rahul, and their team have crafted a standout brand rooted in science, effectiveness, and transparency.”
Vince, a premium U.S. brand famous for its timeless essentials, was acquired by P180, owned by Brendan Hoffman and Christine Hunsicker. Hoffman, who previously served as Vince’s CEO from 2015 to 2020, has returned to the role as of February 3.
Hoffman remarked: “I have a deep connection to Vince from my time as CEO and am thrilled to lead the team again. We’ll focus on seizing new opportunities, fostering innovation, strengthening the brand, and optimizing inventory for long-term success.”
Pangaia, founded in 2018 by Miroslava Duma and six co-founders, is renowned for its vibrant sweatshirts and investments in material innovation startups like Mirum and Kintra Fibres. The brand was acquired by Royal Group, which has interests in healthcare, real estate, AI, technology, hospitality, and media.
Gloss Ventures, a brand incubator, owns Glossmetics (skincare for Gen Alpha and Gen Z) and Sacheu (known for its popular TikTok peel-off lip liner launched in 2021). It secured $15 million in Series A funding from Peterson Partners, which also backs Solidcore, Glowbar, and Allbirds.
Urban Skin Rx, started in 2010 by aesthetician Rachel Roff and led by CEO Victoria Payne, focuses on products for melanin-rich skin, with a best-selling kojic acid cleansing bar. The brand is available at Ulta Beauty, Target, Walmart, and Amazon, and was acquired under undisclosed terms.Closed.
Investor(s): American Exchange Group (portfolio includes: Indee Lee, AX Beauty).
Photo: Courtesy of Urban Skin Rx
Greenstitch
Company description: Greenstitch is a decentralized climate data platform that helps fashion brands find gaps in their supply chain and product lifecycle management. It uses AI and machine learning to fill in missing data and helps brands evaluate the environmental impact of their designs and spot ESG risks early in production.
Funding and round: $1.2 million, seed.
Investor(s): Equirus InnovateX Fund (portfolio includes: Datazip, Pointo), Ivycap Ventures (portfolio includes: Purplle, Clovia), Warmup Ventures (portfolio includes: Nitro Commerce, WeVois), Zeca Ventures (portfolio includes: Zavya, House of X).
Exuud
Company description: Exuud is a fragrance technology company known for creating Soliqaire, a delivery system that uses biodegradable polymers to release scent without heat or aerosols. This method is said to make fragrances last longer and be more intense. As part of the deal, Estée Lauder Companies will incorporate Exuud’s technology into its fragrance lineup by the end of 2025.
Funding and round: Minority investment, terms undisclosed.
Investor(s): Estée Lauder Companies (portfolio includes: Tom Ford Beauty, Jo Malone London, Le Labo).
Investor comments: “We’re excited to partner with Exuud on this innovative technology, which enhances our craftsmanship and transforms how we experience fragrances with greater control, consistency, personalization, and sustainability. The potential for customization in design and fragrance is thrilling,” said Sumit Bhasin, SVP of corporate fragrance R&D, product development, and innovation at Estée Lauder Companies.
Exuud polymers.
Photo: Courtesy of ELC
Raspberry AI
Company description: Raspberry AI converts garment sketches into realistic images that show how the product would look and fit in real life. The startup uses machine learning to train AI models to understand a brand’s unique style, aesthetic, and fabric collection. Clients include MCM and Under Armour.
Funding and round: $24 million, series A.
Investor(s): Andreessen Horowitz (portfolio includes: Instagram, Roblox, Airbnb), Greycroft Partners (portfolio includes: Epic Games, The RealReal, Goop), Correlation Ventures (portfolio includes: Upstart, Astra, Gabi), MVP Ventures (portfolio includes: Frore Systems, Delphi), angel investor Gokul Rajaram (portfolio includes: Poshmark, Printify), Ken Pilot Ventures (portfolio includes: Lily AI, Sizer, Reupp).
Investor comments: “Raspberry AI boosts creative teams by integrating AI throughout the design process. The platform’s thoroughness and technical depth have earned strong customer loyalty and some of the best engagement metrics we’ve seen for AI tools. We believe Raspberry AI will quickly grow and change how creative teams design and develop retail products,” said Bryan Kim, partner at Andreessen Horowitz.
Photo: Raspberry AI
Ras
Company description: Ras is an Indian luxury beauty brand recognized for its organic ingredients from sustainable farms. It calls itself India’s first “farm-to-face” beauty brand, meaning ingredients are traceable to farms in Raipur and then made into skincare products.
Funding and round: $5 million, series A.
Investor(s): Unilever Ventures (portfolio includes: The Inkey List, Trinny London, Grown Alchemist), Amazon Smbhav Venture Fund (portfolio includes: Axio, Bare Anatomy), Sixth Sense Ventures (portfolio includes: Grab, Bombay Shaving Company), among other angel investors.
Investor comments: “Over the next five to seven years, India’s premium beauty market is set for significant growth, and Ras, with its unique value proposition, is well positioned to seize this opportunity,” saidPawan Chaturvedi leads Unilever Ventures Asia.
Whatnot
Founded in 2019, Whatnot is a social commerce platform where users can buy unique items and collectibles through live-stream shopping. The company recently raised $265 million in a Series E funding round, valuing it at nearly $5 billion. Investors include Greycroft Partners, DST Global, Avra Investments, Lightspeed Venture Partners, Durable Capital Partners, and existing backers. Marcie Vu, a partner at Greycroft, commented, “Whatnot has tapped into a powerful shift in shopping—live, video-first, social, and mobile. They’ve built a multi-category platform that can address all of retail, which is about $7 trillion in the U.S. alone.”
Bonpoint
Bonpoint is a premium children’s clothing brand founded in France in 1975. Acquired by private investment firm EPI in 2007, it has expanded its presence in Asia and Europe. The brand was recently acquired by Youngor Group, though the terms were not disclosed.
True Religion
True Religion, founded in 2002, is famous for its denim with distinctive contrast stitching. After going public in 2003, the brand faced challenges and filed for bankruptcy in 2017 and again in 2020. It saw a revival in 2021 as Gen Z embraced Y2K fashion and vintage True Religion jeans. The acquisition will combine resources from SB360 and Acon Investments to boost the brand’s growth. Suma Kulkarni, managing partner at Acon Investments, said, “True Religion has a unique brand with loyal customers and a focus on authenticity, quality, and self-expression. Partnering with SB360 will provide the resources needed to unlock its full potential.”
Christian Lacroix
Christian Lacroix is a French fashion house known for its extravagant and theatrical designs. Founded in 1987 by the designer of the same name, it was sold to LVMH in 1995 and later acquired by Falic Group in 2005. After entering administration in 2009, it became a licensing operation. It has now been acquired by Sociedad Textil Lonia, which stated, “We admired the vision, magic, and craftsmanship of Maison Lacroix and eagerly embraced this opportunity. We will do everything to ensure its creator’s talent and contribution to fashion reach their full potential.”
Kapital
Kapital, a Japanese menswear brand founded in 1985, is renowned for its high-quality denim and workwear, often incorporating traditional textile techniques. It has a cult following among streetwear enthusiasts. The brand was acquired by L Catterton, though the terms were not disclosed.
Laura Ashley
Laura Ashley is a British lifestyle brand.Founded in the 1950s, Laura Ashley is best known for its textile designs and offers a range of clothing, furniture, and home decor. After its founder’s death, the brand went public in 1985. In 2020, Gordon Brothers rescued Laura Ashley from administration, acquiring it to revitalize the business by expanding its licensing and e-commerce operations.
In December 2024, Marquee Brands acquired Laura Ashley. Marquee Brands CEO Heath Golden commented, “Laura Ashley’s licensed business model and strong partner network make it a natural fit for our portfolio. With the existing UK team, we’re ready to build on its 70-year legacy, innovate new products, and engage global, multi-generational audiences.” Laura Ashley dresses were previously featured in the British Design 1948-2012 exhibition at London’s Victoria & Albert Museum.
Neiman Marcus Group, owner of Neiman Marcus and Bergdorf Goodman department stores in the US, merged with Saks Global in a $2.7 billion deal. Saks Global executive chairman Richard Baker stated, “This merger creates a powerful luxury retail group with significant growth opportunities, uniting Neiman Marcus, Bergdorf Goodman, and Saks Fifth Avenue.”
Wannaby, which provides augmented reality virtual try-on technology, was acquired by Perfect Corp. Perfect Corp CEO Alice Chang said, “Integrating Wannaby’s expertise enhances our digital solutions and expands our reach into fashion categories like shoes and bags, showcasing our commitment to innovation.”
Gowoonsesang Cosmetics, founded in 2000 by Korean dermatologist Ahn Gun Young, is known for its Dr.G skincare line. Previously owned by Migros, it was acquired by L’Oréal. Alexis Perakis-Valat of L’Oréal’s consumer products division noted, “We’ve long admired the brand and aim to accelerate its growth in South Korea and internationally.”
Thirteen Lune, a beauty e-commerce platform launched in 2020 by Nyakio Grieco and Patrick Herning, focuses on products from Black, brown, and ally brands. Following its acquisition by SNR Capital, Grieco became CEO, while Herning left the company.
Voyado is a Swedish retail software company.Voyado, a ware-as-a-service platform, leverages artificial intelligence to enhance customization and personalization by providing insights and automating campaigns. The company reports an annual growth rate of 35%, with strong performance in the Nordics, the Netherlands, Belgium, and Luxembourg.
Funding details: A minority stake was acquired, with terms not disclosed.
Investor: H&M Group Ventures, whose portfolio includes Goop, Klarna, and Cult Mia.
Comment from Erik Lagerblad, head of H&M Group Ventures: “We’ve been impressed with Voyado’s progress. After implementing their solution worldwide, we’ve seen how it creates value on a large scale. That’s why H&M Group is investing to strengthen our partnership, supporting Voyado’s future growth and enhancing their services for other enterprise clients.”
Vera Wang began as a bridal salon and has expanded into a lifestyle brand offering ready-to-wear apparel, homeware, jewelry, fragrance, and shoes. Founder Vera Wang has been the sole owner since 1990 and has designed wedding dresses for celebrities like Beyoncé, Jennifer Lopez, and Ariana Grande. The brand claims annual revenue exceeds $700 million.
Funding details: Acquired, with terms not disclosed.
Investor: WHP Global, which also holds Rag & Bone, G-Star, and Joe’s Jeans in its portfolio.
Comment from Yehuda Shmidman, chairman and CEO of WHP Global: “Vera Wang is an icon, representing modernity, artistry, and flawless style. We’re honored to partner with her and look forward to expanding the brand’s legacy with new global business opportunities.”
Photo credit: Taylor Hill/WireImage
Lucien Pagès Communication, founded in Paris in 2006 by the PR expert of the same name, represents over 100 leading brands in fashion, beauty, lifestyle, and art, such as Jacquemus, Coperni, and Loewe. The agency expanded to New York in 2019.
Funding details: Acquired, with terms not disclosed.
Investor: The Independents, whose portfolio includes Karla Otto, Lefty, and Bureau Betak.
Comment from Isabelle Chouvet, CEO of The Independents: “We’re thrilled to welcome Lucien, who fits perfectly into the network we’ve been building. Today’s clients operate globally, so collaboration is essential to meet their needs effectively.”
Photo credit: Dave Benett/Getty Images for Mandi’s Basement Limited
Tangle Teezer, founded in London in 2007, has become a top hair detangling brush brand in the UK, known for its two-tiered teeth technology that minimizes damage. Since 2021, it has been owned by Mayfair Equity Partners. The company has reportedly doubled in size over the past four years, with net sales around €70 million as of 2024.
Funding details: Acquired for €200 million.
Investor: Bic.
Comment from Gonzalve Bich, CEO of Bic: “We’re excited to acquire a market leader in a fast-growing sector where we can add significant value. Both companies share a passion for joy, innovation, and entrepreneurship, and with a consumer-first approach, we aim to revolutionize personal grooming with personalized haircare solutions.”
About You, a German e-commerce company founded in 2014, specializes in personalization and influencer marketing. It provides B2B tech services for online retailers and achieved €1.9 billion in annual sales in 2023, making it Hamburg’s first unicorn.
Funding details: Acquired at €6.50 per share, totaling approximately €1.13 billion.
Investor: Zalando.
Comment from Zalando: “I’m excited about how together we’ll be able to cover a larger share of the fashion and lifestyle market.”In the B2C sector, we provide unique and engaging shopping experiences for customers and brands. For B2B, integrating our complementary software platforms, Tradebyte and Scayle, will develop a more sophisticated e-commerce system that helps brands and retailers handle their multi-channel operations throughout Europe and globally,” stated Robert Gentz, co-CEO and co-founder of Zalando.
Les Domaines de Fontenille
Company Description: Founded in 2016, Les Domaines de Fontenille is a French boutique hotel group with 11 heritage-rich properties in France, Spain, and Italy, including locations in Tuscany, Marseille, and Menorca. It caters to young travelers seeking a luxury experience.
Funding and Round: Minority investment; terms were not disclosed.
Investor(s): LVMH (with brands like Louis Vuitton, Belmond, and Cheval Blanc) and Anaïs Ventures (including IB2 in its portfolio).
Investor Comments: “LVMH’s investment in Les Domaines de Fontenille allows us to explore a new area that complements our existing hospitality services. We’re excited to back founders Frédéric Biousse and Guillaume Foucher, along with CEO Linda Hazi, as they shape the brand’s future,” said Jean-Jacques Guiony, CEO of Moët Hennessy, LVMH’s wines and spirits division.
Photo: Provided by Les Domaines de Fontenille.
Pañpuri
Company Description: Pañpuri, a beauty brand started in Bangkok by Vorravit Siripark in 2003, offers premium skincare, haircare, bath, body, and fragrance products inspired by Thai wellness traditions.
Funding and Round: Acquisition; terms were not disclosed.
Investor(s): Kosé (which owns brands such as Tarte and Decorté).
Investor Comments: “This acquisition will help us speed up our global strategy under our medium to long-term vision, aiming to enter Global South markets and increase our value,” explained Kazutoshi Kobayashi, president and CEO of Kosé.
Truss
Company Description: Truss is a London-based resale startup founded in 2022 by Warwick University graduates Woody Lello (CEO), Felix Jackson (COO), Jack Cardwell (CIO), and Connor Mattinson (CTO). Its platform uses AI to identify products in images and provide detailed information, enhancing search and conversion. The new investment unlocks a £1.1 million grant from Innovate UK, adding to a previous £345,000 pre-seed round.
Funding and Round: $300,000 pre-seed funding.
Investor(s): Figr Ventures (making Truss its first investment).
Investor Comments: “We think the fashion industry needs a shift towards circularity, and Truss offers the solution for businesses to make that change,” said Fiona Humphries, managing director of Figr Ventures.
Photo: Provided by Truss.
Db
Company Description: Db, originally named Douchebags, is a Norwegian premium luggage and travel bag brand founded in 2012. It has gained popularity among surfers, skiers, and outdoor enthusiasts and is sold at retailers like Selfridges, Harrods, End, and Goodhood. The investment will support international growth, design innovation, and new store openings in Europe.
Funding and Round: Minority stake; terms were not disclosed.
Investor(s): LVMH Luxury Ventures (with investments in Our Legacy, Lyst, and Aimé Leon Dore).
Investor Comments: “Db stands out in the luggage sector with its unique designs, quality, and functionality, appealing to a tight-knit community of outdoor athletes, creatives, and travelers. It has a strong base in Scandinavia and significant growth potential worldwide,” noted Julie Bercovy, CEO of LVMH Luxury Ventures Advisors.
Photo: Provided by Db.
Brand Architekts Group
Company Description: Brand Architekts is a beauty group that includes drugstore brands such as Skinny Tan and Super Facialist. In October, the company reported…Sales dropped by 15% for the year ending 30 June as the company focused on fewer, larger brands.
Funding: £13.9 million acquisition.
Investor: Warpaint, whose portfolio includes Technic and W7.
Warpaint CEO Sam Bazini commented: “As part of a larger group, we believe using our established supply and distribution channels for Brand Architekts will improve efficiency, cut costs, and increase profitability.”
Violette_FR
Description: Founded in 2021 by French makeup artist Violette Serrat, New York-based Violette_FR offers a 14-piece core collection of makeup, skincare, and haircare. The brand has grown popular due to Serrat’s signature ‘French girl’ style.
Funding: Series B, with undisclosed terms.
Investors: Silas Capital (invested in Makeup by Mario, Herbivore, Wonderbelly), Experienced Capital, Monogram Capital Partners, Felix Capital.
Brian Thorne, partner at Silas Capital, said: “Violette_FR stands out in beauty for its aspirational French appeal, driven by Violette’s authenticity and credibility, which deeply connect with consumers.”
Ably
Description: Launched in 2018, Korean womenswear platform Ably has tripled its value to over $2 billion in the past three years and is now a unicorn under Alibaba’s investment.
Funding: $71 million.
Investor: Alibaba Group, whose portfolio includes AliExpress, Tmall, and Taobao.
Earth Rhythm
Description: Indian clean beauty brand Earth Rhythm provides plastic-free packaging, biodegradable products, and vegan, cruelty-free formulas. Since its 2019 launch, it has expanded to 250 skincare, haircare, and cosmetic items. In 2022, Nykaa bought a minority stake.
Funding: Acquisition with undisclosed terms.
Investor: Nykaa, with investments in Kay Beauty, Pipa Bella, and Dot & Key.
Adwaita Nayar, co-founder of Nykaa and CEO of Nykaa Fashion, stated: “Earth Rhythm is an exciting addition to our portfolio and allows us to expand in the clean beauty space, a category with huge long-term potential.”
Afound
Description: H&M Group’s digital fashion outlet, launched in 2018, will be discontinued in August due to low demand but will relaunch in December integrated with Secret Sales, offering over €5 billion in revenue from 3,800 premium brands.
Funding: Acquisition with undisclosed terms.
Investor: Secret Sales, an off-price marketplace owned by private equity firm Perwyn.
Chris Griffin, CEO of Secret Sales, said: “Adding Afound to Secret Sales strengthens our commitment to growing our premium off-price solution across Europe and transforming the off-price market.”
Represent
Description: Manchester-based men’s streetwear brand founded by brothers George and Michael Heaton in 2011. It has grown rapidly with a 64% annual growth rate since 2020, achieving double-digit profit margins and expecting around £100 million in revenue this fiscal year. In 2021, it launched its ‘247’ performance line and opened stores in LA and Manchester in 2024, with a London location planned for 2025. The funding will support retail expansion and operational improvements.
Funding: Minority stake with undisclosed terms.
Investor: True, whose portfolio includes Formerly Known As Haeckels and Boy Smells.
Ejike Onuchukwu, investment director at True, remarked: “Represent is a true British fashion success. The team’s ability to create culturally relevant products and build a loyal customer base, even in a tough market, is impressive.”Represent has added new members to its board.
Faircraft
Company Description: A Paris-based startup founded in 2021 that produces lab-grown leather using cellular biology to replicate the structure and composition of animal skin. The funding will help expand the team by hiring more engineers and biologists to scale operations.
Funding: €15.8 million in Series A.
Investors: Kindred Ventures, Cap Horn, BPI, Sake Bosch, Entrepreneur First, Alliance for Impact, Heirloom.
Investor Comments: “Leather has always been essential to fashion for its timeless look and durability, but its production harms the environment. Faircraft’s lab-grown leather offers a sustainable alternative without sacrificing quality, and we’re proud to support their growth and market entry,” said Kanyi Maqubela, Managing Partner at Kindred Ventures.
Clean Skin Club
Company Description: Launched in 2019, this mass skincare brand is known for its single-use disposable facial towels, available on Amazon, Target, and Beauty Bay. Inspired by concerns over bacteria in spa towels, the brand will use the funds to expand physical retail, develop new products, and grow its team.
Funding: $32 million in Series X.
Investors: Astō Consumer Partners, Amberstone.
Investor Comments: “Clean Skin Club is redefining skincare with simple, science-backed solutions that work. The brand has built a loyal following and become a bestseller on Amazon, making waves in the competitive skincare market,” said Clayton Christopher, Co-founder of Astō Consumer Partners.
Crown Affair
Company Description: A premium haircare brand started in 2020 that promotes haircare as a self-care ritual. After raising $5 million in Series A in 2022, this new funding will support expanding their presence at Sephora, team growth, and marketing efforts.
Funding: $9 million in Series B.
Investors: True Beauty Ventures.
Investor Comments: “As a long-time backer, I’ve seen Crown Affair excel with its unique combination of high-quality, clean haircare, mindful rituals, and genuine storytelling,” said Cristina Nuñez, Co-founder and Managing Partner of True Beauty Ventures.
Halo Beauty
Company Description: A beauty supplements and wellness brand founded by influencer Tati Westbrook in 2018. Westbrook left the company in August 2024 following a resolved legal dispute with her business partner over allegations of fraud and negligence.
Funding: Acquired by a private investor; terms were not disclosed.
Investor Comments: “We’re honored to continue Halo Beauty’s mission of providing clean, effective beauty and wellness products. This acquisition begins a new chapter focused on innovation and empowering consumers,” stated the private investor.
OneSkin
Company Description: A skincare brand specializing in peptide-based anti-aging products. Its key ingredient, the OS-01 peptide, is claimed to reverse skin aging by targeting senescent or ‘zombie’ cells. The company was founded by four PhD scientists: Carolina Reis de Oliveira, Alessandra Zonari, Mariana.Boroni and Juliana Carvalho. OneSkin has raised an additional $7 million in a Series A round, bringing its total funding to $20 million. Investors include Selva Ventures, Plus Capital, Unilever Ventures, Able Partners, Brazilian-American model Camila Alves McConaughey, tech entrepreneur Kevin Rose, and previous backers.
Camila Alves McConaughey commented: “As a Brazilian woman, I’m thrilled to invest in a brand founded by four Brazilian female scientists. I’m incredibly proud of my heritage and honored to support their work. OneSkin’s products stand out in the skincare market, and I was impressed by my own results—I knew I had to be part of it. I look forward to their future innovations and continued success with this funding.”
Photo: Courtesy of OneSkin
Fleek is a wholesale vintage clothing marketplace launched in 2021 by Abhi Arora and Sanket Agarwal. It connects retailers and resellers with verified vintage wholesalers worldwide. The company has raised a total of £17 million, with £4.7 million in seed funding and £12.3 million in a Series A round. Investors include HV Capital, Andreessen Horowitz, Y Combinator, Shopify president Harley Finkelstein, and former Depop CEO Maria Raga.
Felix Klür, general partner at HV Capital, said: “We’re proud to invest in Fleek, a company redefining secondhand fashion. Its innovative approach to scaling the global secondhand market shows great growth potential, meeting industry needs while promoting sustainability in fashion. We’re excited to join this journey.”
Our Legacy, founded in 2005 in Stockholm by Jockum Hallin, Cristopher Nying, and Richardos Klarén, is known for high-quality menswear with distinctive designs. The brand has around 200 stockists and seven own stores, gaining attention through collaborations with Stüssy and Emporio Armani. LVMH Luxury Ventures has taken a minority stake, though terms were not disclosed.
Julie Bercovy, CEO of LVMH Luxury Ventures Advisors, stated: “Our Legacy embodies ‘quiet cool,’ blending contemporary minimalism with creative subversion.”
Photo: Courtesy of Our Legacy
Vuori, a premium athleisure brand from California founded by Joe Kudla in 2015, is recognized for its unique fabrics and carbon-neutral certification. Following an $825 million secondary tender offer, its valuation has reached $5.5 billion. This builds on a $400 million investment by Softbank Vision Fund 2 in 2021, which valued the company at $4 billion. Lead investors include General Atlantic, Stripes, and existing backers.
Chris Carey, partner at Stripes, remarked: “Vuori has everything we seek in an investment—exceptional products loved by consumers, a team dedicated to quality and innovation, and a global athleisure market with strong growth prospects.”
October 2024
Vinted, a peer-to-peer secondhand marketplace founded in 2008 in Lithuania by Milda Mitkutė and Justas Janauskas, is Europe’s largest clothing resale platform. A recent €340 million secondary share sale has valued the company at €5 billion. Investors include TPG Tech Adjacencies and Hedosophia.Baille Gifford, Invus Opportunities (investors in Coupang and Chrono 24), FJ Labs (investors in Farfetch, Uber, and Klarna), and Manhattan Venture Partners (investors in Discord, Epic Games, and X) are among the investors in Vinted. Moore Strategic Ventures is also an investor.
Andrew Doyle, a partner at TPG, commented: “Consumers are increasingly making secondhand a key part of their wardrobe as sustainability and flexibility become priorities. Vinted’s customer focus, excellent product experience, and advanced logistics have opened up this market to more people.”
Reome
Reome is a biotech-driven prestige skincare brand founded in 2023 by beauty editor and acupuncturist Joanna Ellner. Based in the UK, the brand is known for its sensory products and is available at retailers like Space NK, Liberty, and Moda Operandi. The company raised $1.4 million in seed funding from Rianta Capital, which also invests in El Rayo and Home Cooks.
With Nothing Underneath
With Nothing Underneath is a UK women’s shirt brand launched in 2017 by former Vogue stylist and Tatler editor Pip Durell. The B Corp-certified brand draws inspiration from men’s tailoring and British heritage. It introduced its first trousers earlier this year and plans to expand into blazers and knitwear in early 2025. In 2022, it was named one of Walpole’s Brands of Tomorrow. The brand secured $2.5 million in seed funding led by Pembroke VCT (investors in Tala, Me+Em, and Bella Freud) and JamJar Investments (investors in Deliveroo, Oatly, and Spoke).
Andrew Wolfson, CEO of Pembroke Investment Managers, said: “With Nothing Underneath stands out in the womenswear market. Pip and her team have built a strong brand around the essential shirt, making it a fashion industry standout. Early growth metrics are promising, and this investment will help expand the product range and support international growth.”
Cult Mia
Cult Mia is a UK-based luxury retail platform featuring a curated selection of independent brands, known for its vibrant eveningwear. Founded in 2019 by Nina Briance, it initially raised $3 million in seed funding in November 2023 from Fuel Ventures, with participation from Morgan Stanley and David Wertheimer of the Chanel family. It has now raised an additional $2 million, bringing total seed funding to $5 million, from H&M Group Ventures (investors in Goop and Klarna) and existing investors.
Nanna Andersen, chief of new growth and ventures at H&M Group, stated: “We’re excited to invest in Cult Mia as they work to launch independent and diverse designers worldwide. Their achievements in such a short time are impressive.”
Révive Skincare
Révive Skincare, founded in 1997 by Dr. Gregory Brown, is known for its luxury serums and creams using bio-renewal technology. Previously acquired by Shiseido in 2016, it was sold to Tengram Capital Partners in 2017. It has now been acquired by S’Young Group, which also invests in Evidens de Beauté and Pier Augé. The terms of the acquisition were not disclosed.
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Frequently Asked Questions
Of course Here is a list of FAQs about the Vogue Business Funding Monitor designed to be clear concise and helpful for a range of users
General Beginner Questions
1 What is the Vogue Business Funding Monitor
Its a specialized tool or report that tracks and analyzes investment and funding activities specifically within the fashion and beauty industries
2 Who creates the Vogue Business Funding Monitor
It is produced by Vogue Business the B2B arm of the Vogue brand which focuses on the industrys commercial and strategic side
3 Who is this monitor for
Its primarily for industry professionals like investors fashion executives entrepreneurs analysts and journalists who need to stay informed about the financial landscape of fashion
4 Why should I care about it if Im not an investor
It helps you spot industry trends understand which business models are succeeding and see what new technologies or brands are attracting significant capital which can inform your own business or career strategy
Content Data Questions
5 What kind of information does it track
It typically tracks data on funding rounds mergers and acquisitions IPOs and the investors involved in fashion and beauty companies
6 Does it only cover clothing brands
No it covers the broader fashion and beauty ecosystem which includes directtoconsumer brands sustainable fashion beauty tech retail technology supply chain innovators and digital platforms
7 How often is the data updated
This can vary but it is typically updated on a regular basis such as quarterly or monthly to provide timely insights into the market
8 Where can I access the Vogue Business Funding Monitor
It is usually published as a report or featured section on the Vogue Business website often accessible through a subscription or membership
Advanced Strategic Questions
9 How can I use the monitor to identify investment opportunities
By analyzing which sectors and companies are receiving funding you can identify highgrowth areas and emerging leaders before they become mainstream allowing for earlierstage investment
10 What are common challenges or limitations of this data
The data reflects announced deals so it may not capture every single transaction especially smaller or undisclosed ones It also shows where money is flowing but not necessarily the future success