Freshly Cosmetics raised a €18.9 million funding round led by Blossom Capital.
Freshly Cosmetics, a Batea, Spain-based ecommerce operator of a beauty product platform, announced that it secured a €18.9 million ($21.8M) funding round.
The money was raised from investors led by the British investors from Blossom Capital, and will be used as the company aims to open physical stores in Spain and the UK.
Freshly Cosmetics, founded in 2016 by CEO Miquel Antolín and Mireia Trepat, is a D2C beauty developer of cosmetic products made out 99% naturally derived ingredients. The company says it expects close to €50 million in sales in 2021 out of 1 million customers from all over Europe.