Unilever Ventures, the corporate venturing unit representing consumer goods conglomerate Unilever, is selling its stake in UK-based health and beauty company CyDen to existing investor Richard Koch, according to UK newspaper the Daily Telegraph.
Koch, founder of online gambling exchange Betfair, was one of the investors in CyDen’s £15m ($23.5m) series D round in April last year, along with Sir Nigel Rudd, and will hold a stake of about 30%-40%.
Unilever made its own investment in CyDen’s series C…
