Funding round
456 Skin Seed
456 Skin, which works in skincare product manufacturing in Tracy, raised $825M in a Seed round announced on 1 Oct 2020, led by BeAngels. 3 firms took part, with 4 individual investors.
$825M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
456 Skin did not disclose a valuation in this round. It is 456 Skin's first venture round on record, 1 year after it was founded in 2019. No later venture round is on record for 456 Skin.
456 Skin's funding rounds
This is the only venture round on record for 456 Skin.
- Seed this round 1 Oct 2020, led by BeAngels $825M
Investors
Who put money in
BeAngels led the round with 2 other firms.
Lead investor
- backs 13 venture-backed companies new investor
Also in the round
- Fotolia new investor
- eFounders new investor
Individual investors: Thibaud Elziere, Julien Romanetto, Frédéric Montagnon and Benoit Koerperich.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
24 Seed rounds in Cosmetic Manufacturing within a year either side disclosed an amount; the median was $2.8M, and this round was 300 times the median. The closest in time, other companies' Seed rounds in Cosmetic Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cosmetic Manufacturing | 27 Nov 2020 | $2.8M | not disclosed | not named |
| Cosmetic Manufacturing | 17 Nov 2020 | $2.2M | not disclosed | CASSIUS |
| Cosmetic Manufacturing | 1 Sep 2020 | $600K | not disclosed | not named |
| Cosmetic Manufacturing | 14 Sep 2020 | undisclosed | not disclosed | not named |
| Cosmetic Manufacturing | 11 Nov 2020 | undisclosed | not disclosed | not named |
| Cosmetic Manufacturing | 1 Aug 2020 | $3.0M | not disclosed | not named |
| Cosmetic Manufacturing | 1 Jan 2021 | $10M | not disclosed | not named |
| Cosmetic Manufacturing | 1 Jan 2021 | $5.0M | not disclosed | BrandProject |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did 456 Skin raise in its Seed round?
456 Skin raised $825M in its Seed round, announced in Oct 2020.
Who led 456 Skin's Seed round?
BeAngels led it, with Fotolia and eFounders.
What was 456 Skin's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Cosmetic Manufacturing?
24 Seed rounds in Cosmetic Manufacturing within a year either side disclosed an amount; the median was $2.8M, and this round was 300 times the median.