No Society raised $400k in angel investment.

No Society, a Stockholm, Sweden-based producer of sustainable beauty products, announced in a press release that it completed a SEK 4M ($442k) capital investment round.

The money was provided by Swedish angel investors, including Axel Hedfors, Martin Bjäringer, Ida Sofia Klingspor and Christian Manhusen. The funding will be used to further develop the company's business as it intends to develop its own DTC channel.

No Society, founded by CEO Carl Falkenberg, aims to have a different approach in terms of developing its skin care and fashion products, from a "vegan unisex perspective", and intends to change norms "regarding both skin care and individuality". The skin care products are produced in Stockholm and the packaging is made from recycled material and sugar cane fiber.