Borntostandout closes Series A funding round
Borntostandout has closed a Series A funding round led by Touch Capital. L’Oreal’s venture capital arm, BOLD, also participated in the round. Financial terms were not disclosed but the brand is hoping to benefit from the French beauty giant’s expertise in global brand building. The post Borntostandout closes Series A funding round appeared first on Global Cosmetics News.
THE WHAT? Borntostandout has closed a Series A funding round led by Touch Capital. L’Oreal’s venture capital arm, BOLD, also participated in the round. Financial terms were not disclosed but the brand is hoping to benefit from the French beauty giant’s expertise in global brand building.
THE DETAILS According to a report published by WWD, the Seoul-based luxury fragrance brand will use the investment to grow its offline presence more rapidly, particularly in Europe and the US; it currently has a flagship store in Seoul.
THE WHY? Jun Lim, Founder and Managing Director of Borntostandout, told WWD, “Receiving backing from such prominent investors is more than an infusion of capital; it’s powerful validation that fragrances infused with originality are one of life’s greatest luxuries.”
The post Borntostandout closes Series A funding round appeared first on Global Cosmetics News.
