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Function of Beauty

Beauty Tech
Segments:
AI/ML
?
Product stage:
Growth
?

Function of Beauty is a developer of custom hair care, skincare, and body care products. The company initially focused on hair care and subsequently expanded its focus to skin and body care products in July 2020. Function of Beauty formulates custom products based on an online quiz using an algorithm capable of offering 12 billion custom combinations developed by the company’s founders—a group of MIT engineers and data scientists including Zahir Dossa and Joshua Maciejewski. 

The company’s products are vegan, cruelty-free, sulphate-free, gluten-free, and paraben-free. Its hair care products have a patented Adaptive f3 Bonding Complex. Function of Beauty’s customized products include shampoo and conditioner (starting at USD 20 as of January 2024), body wash and body lotion (starting at USD 21 as of January 2024) and moisturizer (starting at USD 45 as of January 2024).

Function of Beauty carries out product designing, development, manufacturing, and packaging in-house with occasional consultant feedback. Function of Beauty uses automated processes, including a robotic system for order dispensing. The system can use 20–50 ingredients per bottle. As of January 2024, the company shipped to over 48 countries including the US, the UK, Canada, EU countries, and several Asian countries.

In August 2021, Function of Beauty acquired Atolla, a custom skincare product developer to combine its proprietary formulations with Atolla's patented skincare technology to offer advanced custom skincare products. 

Key customers and partnerships

In September 2022, the company partnered with Canadian retailer Shoppers Drug Mart to launch its personalized hair care products in Canada. In August 2023, Function of Beauty launched a new Function of Beauty PRO hair care range in 300 Sephora locations across North America and online.

Funding and financials

In December 2020, the company raised USD 150 million in series B funding led by L Catterton. The funds were to be used to scale-up operations.

Key stats
Featured companies
58
Total funding (USD)
1.8 Bn
Key competitors
 
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Product Overview
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Company profile
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EDGE Insights

From virtual makeup to robot-powered nail art: Navigating the beauty tech landscape

Recent Updates

Partnerships
Product updates
Aug 31, 2023
Monthly News Summary (August 2023)
Beauty Tech
Partnerships
Product updates
Jan 31, 2023
Monthly News Summary (January 2023)
Beauty Tech
Partnerships
Sep 20, 2022
Function of Beauty partners with Shoppers Drug Mart to expand operations in Canada
Beauty Tech
Management news
Sep 13, 2021
Function of Beauty appoints Papazian as CEO to replace co-founder
Beauty Tech
M&A
Aug 4, 2021
Function of Beauty acquires custom skincare brand Atolla
Beauty Tech

Company Brief


HQ location:
355 W Broadway, The Penthouse New York NY USA
Founded year:
2015
Employees:
251-500
Total Funding:
USD 247.9 million

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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