Venture Capital: Bold, L’Oréal’s Venture Capital Fund, Buys A Stake In Exotic Cosmetic Ingredient Maker Debut

June 2, 2023 | News, Venture Capital

Why L’Oreal is interested: Debut is pioneering the development of a new generation of cosmetic bioactive ingredients using advanced biomanufacturing approaches to power global beauty and personal care.

L’Oréal’s (EPA: OR) corporate venture capital fund, BOLD, has announced a minority investment in Debut, a US biotech company specializing in the discovery, formulation, and manufacture of novel ingredients and products for the beauty industry. This investment makes L’Oréal the exclusive beauty industry investor in Debut and aims to support the company in scaling its manufacturing platform to meet the growing demand for breakthrough ingredients in cosmetics, skincare, and packaging. (MarketScreener)

Debut’s advanced biomanufacturing platform, based in San Diego, California, utilizes cell-free technology to produce complex natural products with high-performance and anti-aging properties. By bypassing traditional fermentation methods, Debut can directly control biological processes and deliver new ingredients in as little as six weeks. This approach reduces complexity and increases the quantity of products that can be achieved, enabling the development of higher-performing and more sustainable beauty products.

L’Oréal and Debut have already been collaborating through joint development programs, leveraging Debut’s extensive intellectual property portfolio, which allows for the creation of over 7,000 ingredients. The investment from L’Oréal will further strengthen this partnership and accelerate the introduction of innovative and sustainable active beauty innovations.

According to Barbara Lavernos, Deputy CEO of L’Oréal, cell-free biomanufacturing technology has the potential to drive innovation in the beauty industry while minimizing resource-intensity and environmental impact.

The importance of advanced sciences in reimagining beauty ingredient manufacturing to address cost, quality, scalability, and sustainability challenges cannot be overstressed, said Joshua Britton, CEO of Debut.

L’Oréal, a global leader in the beauty sector, has been committed to fulfilling consumers’ beauty aspirations for over 110 years. With a portfolio of 36 international brands and a focus on social and environmental sustainability, L’Oréal aims to offer high-quality, effective, and responsible beauty products worldwide.

Through its corporate venture capital fund, BOLD, L’Oréal seeks strategic investments in startups across the beauty value chain, including technology and biotechnology companies.

Related Story:  L’Oréal Backs Consumer-Focused VC Fund IV Of DSG Consumer Partners

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