L'Oréal Bold Ventures is the venture capital fund of L'Oréal, the world's largest cosmetics company. It focuses on investing in innovative startups that are transforming the beauty industry through technology, digital services, and new business models. The fund aims to support and collaborate with entrepreneurs to co-create the future of beauty and personal care.

BOLD is the strategic venture capital fund of L'Oréal. We invest in brands, technology, and biotech & green science that are redefining the frontier of beauty. Apply now on our website!

BOLD

BOLD portfolio companies have access to L'Oréal top expert. One such expert is Ana Kljuic, a geneticist by training with 20 years’ experience at the Group. As Vice President Research & Innovation (R&I) L’Oréal for the Future & Green Sciences, Ana and her team play a key role in advancing the Group’s sustainability agenda. 
 
Her department develops strategies to help reach L’Oréal’s sustainability objectives for 2030, as defined by the L’Oréal for the Future program. Among others, this includes achieving a commitment of having 95% of the Group’s ingredients in formulas being biobased, derived from abundant minerals or circular processes.
 
Reaching this ambitious objective requires innovative new ingredients, and that’s where Green Sciences comes in. Through a dedicated research program, the Group’s experts explore new ways of sourcing and transforming raw materials into cosmetic ingredients. From looking at sustainable agricultural practices to innovations in the fields of biotechnology and green chemistry, the Group aims to create eco-designed cosmetics and offer consumers new beauty experiences.
 
“In addition to achieving our 2030 objectives, part of what my team and I do is identifying the stakes linked to our resources and climate change,” Ana explains. “What are the challenges that we are facing linked to what the environmental science is telling us? How do we manage challenges such as water scarcity? And how can we further rethink the way we source our ingredients in the future?’
 
At BOLD, we aim to play a key role in supporting L’Oréal’s mission. That’s why we partner with startups innovating in Green Sciences to reimagine the beauty industry. Our portfolio companies complement the Group’s departments disruptive ways of working to create innovative solutions that allow us to explore new scientific territories. 
 
#FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld

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To Summer draws on Chinese traditions to appeal to a new generation of luxury consumers. 
 
The BOLD portfolio company’s popularity with younger demographics is thanks to its emphasis on Chinese heritage, art and culture. The luxury fragrance brand combines Eastern history, from packaging to brick-and-mortar presence, with traditional scents to cater to millennial consumers’ interest in nostalgic olfactory experiences. 
 
And that interest sees no signs of slowing down – China is expected to jump from the 10th-largest luxury fragrance market in 2020 to the second-largest by 2025*. Chinese consumers are solidifying the country’s status as of one the leading luxury markets worldwide, with fragrance becoming a burgeoning – and booming – category.   
 
It’s part of a wider trend in which the country is set to become a staple in the global luxury goods market. Last year, China accounted for nearly 25% of the world’s total luxury consumption and is predicted to cover 35% to 40% of the global luxury goods market by 2030.**
 
A plethora of complementary factors are driving this growth: increased use of online channels, a growing appetite for the category and younger consumers’ interest in self-expression through scent. And BOLD’s tapping into these burgeoning trends to shape the beauty of tomorrow.
 
As the market continues to boom, we’re partnering with visionary brands that aren’t just following what’s happening in the here and now, but drawing on their heritage to define the future of beauty. 
 
#FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld 

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*Alizila: Scent of Success: Cracking China’s Fast-Growing Fragrance Market; 2024 
** Bain: China’s luxury market expected to grow at mid-single-digit in 2024; 2024 


BOLD’s portfolio companies tap into nature’s power to innovate. Instead of altering it, they embrace it and let it guide their work. And this has game-changing results – not only for beauty, but for people and the planet.
 
Take Taylor Oswald, Director of Product and Ingredient Innovation at Debut. With her team, she discovers novel active ingredients that address unmet consumer needs while outperforming existing ingredients. 
 
“I aim to stay true to skin biology and clinical data when designing new formulas,” Taylor says. “That’s really central to our approach to innovative product development. At Debut, we’re harnessing biology to create significantly better-performing products that can only ever be accessed via biology.”
 
It’s all thanks to Debut’s proprietary tech, which allows the startup to tap into some of nature’s most powerful – and previously inaccessible – ingredients. This innovation enables them to create formulas via precision dosing, as opposed to using extracts, and harness these ingredients’ power without harming or touching nature. 
 
Taylor is one of the women making a difference in the world of science in BOLD portfolio companies. From startups to the L’Oréal teams, collaboration that prioritizes inclusion guides the science that’s making a positive impact.
 
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Nanocrystals and supramolecular technology are changing the way we think of products. 

As the name suggests, a nanocrystal is a microscopic structure. Thanks partly to their small size, nanocrystals improve ingredients’ efficacy, can be customized to meet specific performance requirements and support more sustainable ingredient development.

When combined with supramolecular technology, the possibilities are nearly endless. The two work in synergy to create advanced materials with customized properties and functionalities – with better results for products, people and the planet. 

BOLD portfolio company ShineHigh Innovation is leveraging this collaborative potential. A trailblazer in its field, ShineHigh is developing nanocrystal tech. It’s also one of the very few developing supramolecular tech to serve the beauty industry.

L'Oréal teams and ShineHigh in are joining forces to co-develop new, exclusive ingredients to empower biotech actives for better performing, more targeted products.

BOLD taps into disruptive science to imagine new possibilities for not only the next-gen beauty consumer, but a more sustainable future for all.

#FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld

Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Julie Pelcener Adeline Girou Camille Jaegle Filippo Principi Jee Seon Park 蓝 LAN挺元 Katia Valentin Peuch-Lestrade Xiaoxin Shao Guive Balooch

“The ingredient is the starting point and our sole source of inspiration,” says Karine LEBRET , Head of Scent Science & Fragrance Design, L'Oréal
 
Behind each legendary fragrance is a fusion of art and science. It’s a combination of that initial point of inspiration, the ingredient, and green science that extracts its potential, while retaining its integrity. 
 
All this and more were in the spotlight at L’Oréal’s Art & Science of Fragrance event in Paris. Alongside Karine, Cyril CHAPUY , Barbara Lavernos and Marie-Pia Schlumberger were among the experts providing their creative and scientific insights and exploring the evolution of fragrance design. 
 
As the global leader in luxury fragrance, L’Oréal is continuously innovating to take olfactory experiences to the next level. At BOLD, we harness our forward-thinking mindset to support these ambitions, from green sciences and sustainable packaging to next-gen brands tapping into emerging scent preferences. 
 
With 60 years of fragrance expertise, L’Oréal Luxe brands have played an integral role in shaping the olfactory current moment. But, with BOLD, we’re going further than today to define the fragrance of tomorrow. 
 
#FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld

Bringing beauty to the field 🏈 

BOLD portfolio company VLGE has launched an immersive experience with NYX Professional Makeup. What better campaign to join than the recently launched Duck Plump – which made a splash with its #SuperBowlAds starring rapper Cardi B – bringing the quirkiness and beauty of NYX’s lip gloss to life. 

In partnership with VLGE, NYX has brought an immersive-fun-plumped-up world to the NYX Professional Makeup website. In this online adventure, users can explore Duck Plump Land, play virtual games, win prizes and receive product recommendations. 
 
The collaboration is just one of the latest from VLGE. The metaverse-as-a-service startup has worked with brands like Lancôme and L’Oréal Paris to launch immersive, online worlds that offer consumers new ways of imagining their beauty routine.
 
A super congratulations to VLGE! We can’t wait to see more touchdowns in 2024.
 
#FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld 

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L'Oréal Bold Ventures

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