BOLD (Business Opportunities for L’Oréal Development)

Investor profile | Builders Republic

About

BOLD, for Business Opportunities for L’Oréal Development, is L’Oréal's venture capital fund, created in December 2018. It takes minority stakes in startups across the entire beauty value chain, while preserving their autonomy, focusing on two areas: beauty and wellness brands, and science and technology serving beauty (biotechnology, green chemistry, data). It invests from the group's balance sheet, from pre-seed to growth rounds, opens L’Oréal's research, brand, and distribution teams to companies, and has partnered with Nykaa to co-invest in Indian brands. After Sillages Paris, its first investment in 2018, it led the Series B of the American company Debut and the Series D of the Swiss company Timeline, alongside Nestlé. In France, BOLD led the €15M Series B of Microphyt in 2022 and participated in the €35M round of Abolis Biotechnologies in 2024. For a beauty or biotechnology startup, it is a shareholder that opens the laboratories and brands of the world's leading cosmetics group.

Key facts

Type
Corporate VC
Stages
Seed,Series A,Series B,Growth
Sectors
Beauty/Fashion, B2B, B2C, Brand, Digital health, Healthcare, Software/SaaS, Vertical SaaS, AI & Automation
Headquarters
France
Offices
Paris
Geographic focus
France,Europe,Asia,USA
Founded
2018

Track record

  • Portfolio companies: 25
  • Total investments: 28
  • Exits: 3

Notable investments

Microphyt, Rembrand

Funds by stage

Other funds investing at the same stages, list by list.

Funds by sector

The funds investing in each sector, based on their rounds over the last 36 months.