<div>
 
 Funding
 
 <ul>
 <li>
 
 Cleverman, a developer of customizable beard and hair color solutions for men, raised USD 1.8 million led by L&rsquo;Attitude Ventures, with participation from Fab Co-Creation Studio Ventures and angel investors. The funds will be used to invest in research, product innovation, and improving brand awareness. (May 05, 2023; 
 <a href="https://www.beautypackaging.com/contents/view_breaking-news/2023-05-05/mens-grooming-brand-cleverman-raises-18-million/">
 Beauty Packaging)
 </a>
 
 </li>
 </ul>
 
 Product update
 
 <ul>
 <li>
 
 <a href="https://sp-edge.com/companies/133471">
 IPSY
 </a>
 partnered with beauty tech brand R&Eacute;DUIT to feature R&Eacute;DUIT BOOST, a smart device that enhances the effects of skincare products, in the IPSY May ICON BOX. (May 05, 2023; 
 <a href="https://www.einnews.com/pr_news/631937155/r-duit-boost-partners-with-ipsy-for-skincare-effectiveness-through-360-personalization">
 Press release)
 </a>
 
 </li>
 <li>
 
 Korean beauty brand Amorepacific announced the launch of TONEWORK, an AI-based makeup brand offering personalized solutions. Using AI, TONEWORK can analyze individual skin tones and create customized base products like foundation and cushion. (May 16, 2023; 
 <a href="http://koreabizwire.com/amorepacific-introduces-tonework-personalized-makeup-brand-using-ai-technology/248590">
 The Korea Bizwire)
 </a>
 
 </li>
 <li>
 
 <a href="https://sp-edge.com/companies/404151">
 Perfect Corp
 </a>
 announced the launch of a new program that offers small and indie beauty brands free access to its self-service virtual try-on solution for color cosmetics for six months. (May 23, 2023; 
 <a href="https://www.businesswire.com/news/home/20230523005144/en/Empowering-Diversity-in-Beauty-Perfect-Corp.-Launches-Free-Makeup-Virtual-Try-On-Program-for-Women-or-Minority-Owned-Small-and-Indie-Beauty-Brands">
 Press release)
 </a>
 
 </li>
 </ul>
 
 Geographic expansion
 
 <ul>
 <li>
 
 L&rsquo;Or&eacute;al has received a license from the Shanghai Municipal Drug Administration for on-site personalized service cosmetics production. With this, L&rsquo;Or&eacute;al is allowed to offer its SkinCeuticals brand&rsquo;s Custom D.O.S.E. personalized skin care services in Shanghai. (May 09, 2023; 
 <a href="https://www.globalcosmeticsnews.com/loreal-gets-green-light-for-bespoke-beauty-in-china/">
 Global cosmetic news)
 </a>
 
 </li>
 </ul>
 
 
</div>

The intersection of beauty and technology to deliver hyper-personalized products.

Beauty Tech

Monthly News Summary (May 2023)

Earth-friendly biotech solutions for the textile, packaging and construction industries.

Bio-based Materials

All Updates

Monthly News Summary (May 2023)

Genomatica secures L'Oréal as an investor in its Geno-led venture

Monthly News Summary (January 2023)

French Metaverse platform and NFT marketplace, Digital Village, raises USD 4 million in seed funding

Carbios debuts an enzymatically recycled plastic packaging