FounderSix Secures $12 Million funding to Launch extra Influencer-Led attractiveness manufacturers

Oct. 27, 2023 9:44 AM PT

FounderSix, a l. a. based attractiveness company incubator co-founded by using Oli Goulden and Pieter Wittgen, has announced a big funding milestone.

KD Capital, a mission capital enterprise with a music list of supporting groundbreaking startups, including OKCupid, grab, and Shoprunner, has made a $12 million investment in FounderSix. This investment marks a transformative second for FounderSix, enabling the enterprise to extend its proven mannequin and introduce entertaining new influencer-led attractiveness manufacturers to the market.

The news follows a 3rd a success FounderSix manufacturer launch. Ravie splendor, a brand new make-up business created with YouTuber Allie Glines, performed three hundred and sixty five days of projected income within the first thirty minutes of going are living. This extraordinary outcomes shows the massive potential of the FounderSix business model and provides a clear blueprint for all their future manufacturers.

along with featuring the initial capital for his or her present and future portfolio agencies, FounderSix runs all the operations at the back of the scenes. at the core of this is product building, with team members who've worked at, or with, industry main giants equivalent to L'Oréal, Shiseido, Unilever and Johnson & Johnson.

FounderSix additionally boasts close working relationships with world-class manufacturing amenities in South Korea, Italy, and the us among others, which ensures that the have faith already imbued between the influencer and their audience is reinforced with product and manufacturer journey.

Lewis Cheng, Managing associate of KD Capital, observed, "Our funding in FounderSix is a testament to our trust in Oli and Pieter's management. Their tenet of investing in people, not simply concepts, resonates deeply with us. both have a ravishing skill for creating wonderful new brands from scratch and their proven music record makes us very excited to aid their vision into the future."

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