The French family-owned manufacturer of natural cosmetic ingredients, specialising in the production of squalane from vegetable origin, has secured a EUR 20 million funding round to accelerate its growth. This capital will be used to double the company’s production capacity at its two industrial sites and accelerate its international expansion.
The total includes 4.5 millions euros from Smalt Capital – the only financial investor in the round and Sophim’s partner since 2014 – as well as...