FounderSix – a beauty brand incubator co-founded by Oli Goulden and Pieter Wittgen – recently announced a significant funding milestone. KD Capital (a venture capital firm with a track record of supporting groundbreaking startups) has made a substantial $12 million investment in FounderSix. And this investment marks a transformative moment for FounderSix, enabling the company to extend its proven model and introduce exciting new influencer-led beauty brands.
This funding round follows a third successful FounderSix brand launch. Ravie Beauty (a new makeup company created with YouTuber Allie Glines) achieved one year of projected sales in the first thirty minutes of going live. This result shows the tremendous potential of the FounderSix business model and gives a clear blueprint for all their future brands.
While also providing the initial capital for their current and future portfolio companies, FounderSix runs all the operations behind the scenes. And at the core of this is product development, with team members who have worked at or with industry-leading giants such as L’Oréal, Shiseido, Unilever, and Johnson & Johnson.
FounderSix also has close working relationships with world-class manufacturing facilities in South Korea, Italy, and the US. This ensures that the trust already imbued between the influencer and their audience is reinforced with product and brand experience.
KEY QUOTE:
“Our investment in FounderSix is a testament to our trust in Oli and Pieter’s leadership. Their guiding principle of investing in people, not just ideas, resonates deeply with us. Both have a fantastic talent for creating exciting new brands from scratch and their proven track record makes us very excited to support their vision into the future.”
— Lewis Cheng, Managing Partner of KD Capital
