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Symrise to invest in Ignite Venture Studio funding round

Symrise is to participate in the Series A funding round of Ignite Venture Studio, a US-based company that creates and invests in global innovative start-up ventures associated with beauty, health and wellness.

The German firm said by investing in Ignite Venture Studio it will expand its expertise in this market environment and “grow alongside the creativity and speed of the personal care industry”.

The partnership will further enable the development of tailored fragrance and cosmetic solutions in accordance with the latest consumer demands, it added.

Ignite Venture Studio builds and identifies companies that are disrupting the beauty and digital health sectors and develops these challenger brands to help them grow and thrive.

“Ignite Venture Studio pioneers in building and accelerating beauty brands of the future. As the beauty and personal care industry continues to evolve, we are constantly looking for opportunities to gain deeper market insights and to drive product innovation,” said Dr. Jörn Andreas, President Cosmetic Ingredients, Symrise.

Josh Ghaim, Managing Director, Ignite Growth Brands added: “Working with Symrise as an investor as part of our financing round represents a perfect fit. Our two companies are committed to delivering impactful product innovation to brands with a sustainable focus.

“The collaboration will allow us to translate consumer insights into tailored formulations that address the latest trends and evolving consumer needs.”

The Symrise investment follows the launch of its Beauty Activations platform designed to elevate product innovations for cosmetic brands.

By partnering with Symrise through the Beauty Activations platform, brands gain access to in-depth marketing insights, custom formulations and ingredients portfolio.

See more about Symrise

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Upcoming Events

PCHi China 2023

The China Import and Export Fair Complex, Guangzhou
15-17 February 2023

SCSS - Conference & Laboratory Workshop

Republic Polytechnic - Woodlands Ave 9, Singapore 738964
Thur 16th & Fri 17th March 2023

in-cosmetics Global 2023 - Barcelona

Fira Barcelona Gran Via
28 - 30 March 2023

NYSCC Suppliers' Day 2023

Javits Center, New York
2 - 3 May 2023

CITE Japan 2023

Pacifico Yokohama, Japan
17 - 19 May 2023

in-cosmetics Korea 2023

Hall C, Coex, Seoul, South Korea
12 - 14 July 2023

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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