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L Oréal Backs Canadian-French Fund Focused on Circular Economy – Advanced BioFuels USA

L Oréal Backs Canadian-French Fund Focused on Circular Economy – Advanced BioFuels USA
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L Oréal launches an investment fund to scale circular innovative solutions

On the occasion of Earth Day, on April 22, the French cosmetics giant announced the launch of an investment fund aimed at the circular economy. The new Circular Innovation Fund will aim at scaling growth stage circular innovations around the world. Currently endowed with 80 million euros, this new fund, will be managed by leading cleantech-focused capital managers firms Demeter and Cycle Capital, and aims to reach 150 million euros. As an anchor investor, L’Oréal is contributing EUR 50.

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