The new vehicle is double the size of its predecessor and will back startups with up to €5m.
German skincare company Beiersdorf has launched a €100m ($115m) venture capital fund to back skincare innovation startups.
The second-generation Skin Care Innovation Fund will target startups operating at the intersection of skin care and emerging technologies, with a global remit spanning early- to growth-stage companies. Investment priorities include life sciences and biotechnology, sustainability, AI-enabled technologies, and digital health. Initial investments are expected to range between €500,000 and €5m.
“Breakthrough innovation in skin care is increasingly driven by the synergy between extensive in-house research expertise and the dynamic advancements of external scientific entrepreneurship,” said Beiersdorf’s chief R&D officer Gitta Neufang in a release.
The new fund builds on a venture programme launched in 2020, which has already backed more than 15 companies.
Notable examples include S-Biomedic, whose microbiome technology was eventually integrated into Beiersdorf’s innovation pipeline and later acquired, as well as investments in longevity and AI-driven research through startups such as Vincere Biosciences and Turbine.
See all Beiersdorf-backed funding rounds in the CVC Funding Round Database
