Venture capital firm KD Capital has invested $12 million in FounderSix. The funds will be used by the beauty brand incubator to bring new influencer-led beauty brands to market.
The news comes on the heels of FounderSix’s third launch. Ravie Beauty, a new makeup company created with YouTuber Allie Glines, achieved a year’s worth of projected sales in the first thirty minutes of going live.
Lewis Cheng, Managing Partner of KD Capital, said, “Our investment in FounderSix is a testament to our confidence in Oli and Pieter’s leadership. Their guiding principle of investing in people, not just ideas, resonates deeply with us. They 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 for the future”.
