Foundersix Secures $12M Investment To Launch Additional Influencer-Led Beauty Brands

Oct 25, 2023•over 1 year ago

Amount Raised

$12 Million

Los AngelesCosmeticsBeautyLifestyleRetailFashionE Commerce

Investors

Kd Capital

Description

FounderSix, a beauty brand incubator co-founded by Oli Goulden and Pieter Wittgen, has announced a significant funding milestone. KD Capital, a venture capital firm with a track record of supporting groundbreaking startups, including OKCupid, Grab, and Shoprunner, has made a substantial $12 million investment in FounderSix. This investment marks a transformative moment for FounderSix, enabling the company to extend its proven model and introduce exciting new influencer-led beauty brands to the market.

Company Information

Company

FounderSix

Location

Los Angeles, California, United States

About

FounderSix partners with digital native talent to launch their own beauty brands. We not only invest in each brand but are also fully dedicated to incubating and operating them. We love the things that influencers generally hate (product development, manufacturing, eCommerce, legal, operations etc), allowing them to focus on building an amazing brand and community. FounderSix has built a scalable infrastructure that allows each brand to work alongside our world-class partners from day one. As co-founder and equity partners, the influencers have the easiest, safest and quickest route to becoming a successful entrepreneur.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Foundersix Secures $12M Investment To Launch Additional Influencer-Led Beauty Brands

Investors

Description

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