BOLD

BOLD (Business Opportunities for L'Oréal Development) is L'Oréal's strategic venture capital fund, established in 2018. Focused on redefining the future of beauty, BOLD invests in startups that are pushing the boundaries of innovation in beauty brands, beauty platforms, tech for beauty, and science for beauty. Notable investments include Digital Village, a metaverse-as-a-service platform; Debut, a biotech company revolutionizing ingredient manufacturing; and Timeline, a Swiss longevity biotech company. These investments highlight BOLD's commitment to integrating cutting-edge technology and sustainable practices into the beauty industry. Geographically, BOLD operates globally, leveraging L'Oréal's extensive network to provide startups with unparalleled access to resources and expertise. Their investment strategy centers on strategic minority stakes in companies that align with L'Oréal's innovation goals, particularly in sustainability and advanced beauty tech. BOLD typically leads investment rounds, offering both capital and mentorship to foster growth. They focus on startups with innovative solutions that meet unmet consumer needs and promote sustainable practices. Entrepreneurs can approach BOLD through their website, where they can pitch their ideas and potentially join BOLD's diverse portfolio. The fund is spearheaded by a team of experts, including Barbara Lavernos, Deputy CEO in charge of Research, Innovation, and Technology, who emphasizes a multidimensional approach to beauty and longevity.