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L’Oreal Bets On Biotech; Beautycounter Launches CEO Search; NIVEA ‘Skin Out Loud’; Cosmetics News

 
• By Ryan Nelson

“Cell-free biomanufacturing is not science fiction: it is here,” says L’Oreal’s Barbara Lavernos deputy chief executive officer in charge of research, innovation and technology, on the beauty giant’s investment in Debut Biotechnology, Inc. to drive development of sustainable, next-generation active ingredients for cosmetics. More news in brief.

Tech Tree

Announced on 1 June, Debut Biotechnology, Inc. plans to develop “the next generation of high-performing active ingredients” for beauty and personal-care products after raising $34bn in a Series B funding round led by L’Oreal SA’s venture capital fund BOLD. Debut says its fully vertically integrated capabilities make it unique in the biotech space. “Debut's proprietary Bio2Consumer platform spans ingredient discovery, cell-free, biofermentation, formulation, clinical trials and brand creation. The platform utilizes cell-free and advanced fermentation approaches such as continuous biomanufacturing to overcome the limitations of traditional methods, dramatically reducing the need for space, water, and expensive and unsustainable inputs,” according to the release.

Other investors in the round included Fine Structure Ventures, Material Impact, GS Futures, Cavallo Ventures, Cultivian Sandbox Ventures, ACVC Partners. Material Impact led Debut’s $22

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