News Briefs

Beauty ingredients creator Debut fetches $34m Series B

L'Oréal's venture capital fund BOLD led the round.

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  • Other investors include Fine Structure Ventures, Material Impact, GS Futures, Cavallo Ventures, Cultivian Sandbox Venturesand ACVC Partners
  • In August 2021, Debut raised $22.6 million in Series A funding led by Material Impact
  • French personal care company L’Oréal generated sales of 38.26 billion euros

Debut, a synthetic biology company that manufacturers beauty ingredients, has raised $34 million in Series B funding.

L’Oréal’s venture capital fund BOLD led the round.

Additional participating investors include Fine Structure Ventures, Material Impact, GS Futures, Cavallo Ventures, Cultivian Sandbox Venturesand ACVC Partners.

In August 2021, Debut raised $22.6 million in Series A funding led by Material Impact. This capital helped Debut scale its ingredient development model, establish its in-house brand incubator, and grow into its 26,000-square-foot facility in San Diego.

French personal care company L’Oréal generated sales of 38.26 billion euros.