The corporate is targeting companies it hopes will advance beauty retail and transform the shopping experience with digital technology.

US-based beauty products retailer Ulta Beauty has officially launched a digital innovation-focused investment unit called Prisma Ventures to modernise the online and in-store shopping experience. The vehicle is capitalised to the tune of $20m and will focus on seed and series A rounds for companies developing technology related to virtual and augmented reality, metaverse and…

The rest of this content is only accessible to Global Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.