Science & Technology | Beauty Tech | Commitments | Environment | L'Oréal Group
Bold, L’Oréal’s venture capital fund, invests in biotech company, “debut” to collaborate on active ingredients
Clichy, 1 June 2023 - BOLD, L'Oréal’s corporate venture capital fund, today announced a minority investment in Debut, making it the exclusive beauty industry investor in the company. The investment will enable Debut, a US biotech company to rapidly scale its manufacturing platform and meet growing demand for breakthrough ingredients to be used in cosmetics, skincare and packaging. The investment builds on existing joint development programs between L’Oréal and Debut that leverage Debut’s extensive IP portfolio, from which more than 7,000 ingredients can be created in order to bring high-value, more sustainable ingredients to market faster.