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L’Oréal Creates New Innovation Fund To Invest In High-Potential Startups

December 5, 2018: 12:00 AM EST
L’Oréal continues to look outside of its walls for innovation opportunities with the launch of a new venture capital fund for taking minority stakes in high-growth-potential startups. The BOLD Business Opportunities for L'Oréal Development fund will consider investing in new business models across a range of functions, from supply chain to retail and marketing. It will support the investments in a number of ways, including mentoring and financial assistance. The fund will build on its external innovation efforts run through partnerships including Founders Factory and Station F. Its first investment will be a minority stake in a French customized fragrance startup, Sillages Paris, which uses artificial intelligence and machine learning. [Image Credit: © L’Oreal group]
"L'Oréal creates a corporate venture capital fund dedicated to accompanying innovative startups", L'Oréal, December 05, 2018, © L'Oréal Groupe
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