Beiersdorf is pouring fresh cash into its venture capital fund to back start-ups developing breakthrough innovations in skin care.
The German consumer goods giant which owns Nivea and Eucerin has committed €100m to its Skin Care Innovation Fund, ramping up its focus on innovation.
First launched in 2020, the fund’s second generation will focus on investments in start-ups in the fields of life sciences and biotechnology, as well as sustainability, artificial intelligence (AI), and digital health at the intersection of skin care.
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“In line with Beiersdorf’s ambition to become the undisputed authority in skin care, our venture capital activities focus on fields that are both strategically relevant and have the potential to shape future products, technologies and value chains in the skin care industry,” Ascan Voswinckel, Head of Beiersdorf Venture Capital, told Cosmetics Business.
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