Biotech news and archive

L'Oréal expands partnership with Debut to scale biotech for sustainable beauty

Beauty biotech company Debut is expanding its partnership with L'Oréal, which owns Maybelline, NYX Cosmetics and Garnier, to develop and scale more than a dozen bio-identical ingredients to accelerate a more sustainable beauty industry. As part of the agreement, Debut will create new bio-based ingredients using proprietary advanced...

Business |Beauty

L'Oréal invests in Swiss longevity biotech company Timeline

Global beauty giant L'Oréal, through its venture capital fund Business Opportunities for L’Oréal Development (Bold), has invested in Timeline, a Swiss consumer health biotech company specialising in longevity. In a statement, Timeline confirmed that it raised 66 million US dollars in an “oversubscribed” Series D financing round, including...

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Biotech company Mogu raises 11 million euros in funding

Italian biotech company Mogu Srl, also known as Sqim, which specialises in biofabricated materials made from pure mycelium, the root structure of mushrooms, has raised 11 million euros in Series A funding to allow for further industrial scaling of its innovative technologies and to develop its Ephea and Mogu product lines. The funding round was...