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

May 12, 2016: 12:00 AM EST
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.
"L'Oreal Invests in tech Startup incubator Founders Factory", L'Oreal, May 12, 2016, © L'Oreal
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