The newly founded limited liability company will focus on companies in the beauty wellness space focused on ‘novel technologies, innovative platforms, high-growth brands, and new business models.’
The Japanese beauty giant has announced the launch of Shiseido Long Term Investments for the Future (LIFT) Ventures, a newly formed limited liability company, which will be a vehicle for investing in innovative early-stage companies within the beauty wellness space.
LIFT Ventures is focused on investing behind novel technologies, innovative platforms, high-growth brands, and new business models, among others. The fund will primarily focus on compelling innovation in the Western hemisphere,.
The group s first investments are in San Francisco-based Phi Therapeutics, Inc. (Phyla), a specialist in bacteriophage technology, and in Sydney-based Patrick Kidd Holdings Pty Ltd., a men’s grooming brand.
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