L'Oreal Agrees To Become Strategic Investor And Partner Of Founders Factory

L'Oreal said it has agreed to invest in Founders Factory, a global high-tech business incubator based in London. As part of the agreement, L'Oreal becomes Founders Factory's exclusive global partner for investments in beauty-related technology startups. Under this deal, L'Oreal will be able to connect to a global ecosystem of startups and entrepreneurs working in the beauty market. Also, the deal calls for L'Oreal and Founders Factory to invest and scale up five early-stage startups and jointly create two new companies every year.