While October gave us four new stunning unicorns at once from different verticals and with various missions, the last month of fall could have been more eventful.
Based on data from the PitchBook Unicorn Tracker, below is one European company that hit $1B+ valuation in November.
Augustinus Bader has been developing skincare and other beauty products since 2017. In four years, the team managed to bring the brand to the international level and achieve a massive turnover in this industry.
The company's products are based on a patented technology obtained by the founder — Professor Augustinus Bader, in the course of thirty years of research. The cream, originally developed to treat skin lesions, was widely accepted as an effective cosmetic product, which gave an impetus to the development of its brand. Today, its line comprises 13 products for skin care, hair care, and nutritional supplements.
In its latest funding round, the company raised $25M from Antoine Arnault, the son of Bernard Arnault (chairman and CEO of LVMH), Natalia Vodianova, Mert Alos, and other investors. The funds will be used for expansion in China, key markets in the Asia-Pacific region, and further growth in the US market.
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Do you want to know how exactly the founders achieve such an evaluation? Then we advise reading our article: 35 Pitch Decks of European Unicorns.
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