Home » Beauty » Colorescience raises $15 million to expand sun-protection beauty range
Colorescience is riding the sun-protection beauty wave. | Image courtesy: @colorescience

Colorescience raises $15 million to expand sun-protection beauty range

Colorescience, a California-based cosmetics brand, has raised $15 million in Series C funding. The company has raised a total of $40 million to date.

The round was led by 1315 Capital, a Philadelphia-based healthcare investment firm, with participation from Healthcare Ventures, Greenspring Global Partners and Montreux Equity Partners.

In addition to the investment, Adele Oliva, founding partner at 1315 Capital, has joined Colorescience’s board.

Diane Ranger launched Colorescience in 2000 with a range of cosmetics that focus on healthy skin. The company’s product lines include skin perfectors, foundations, enhancers and UV protectors that can be found at Amazon, Ulta, Sephora and a variety of other beauty retailers in addition to its website.       

“This investment comes at an important inflection point in our growth at Colorescience and allows us to further invest in innovation and firmly establish our sales and marketing leadership in the aesthetics and beauty industry,” Mary Fisher, Colorescience’s CEO, said in a statement. “We are particularly pleased to partner with 1315 Capital given their team’s long and proven track record of backing successful high-growth health care companies.”

The funds will be used to expand operations.

By Emily Miller

Comments

comments

Check Also

ObEN Scores $10M in Funding, Brings the AI Experience to the Retail Industry

ObEN Inc., an artificial intelligence (AI) company that is building a decentralized AI platform for …

CHANGES ARE COMING!

We are pleased to be introducing a new version of the FashInvest Newsletter – WWD’s FashInvest Newsletter. If you are a current newsletter subscriber you will receive this new version in the upcoming week. Our goal with this new edition is to provide you, our valued, FashInvest community an updated product to learn about the latest news as it pertains to emerging companies, starts-ups and the financial institutions shaping the future of the fashion industry. Our current and prospective subscribers will find useful information about what is happening at the epicenter of fashion and finance. We hope you find the new look fresh and modern with meaningful content. Stay on the lookout!