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THE WHAT? Confirmed has raised US$12.2 million in a Sequence A funding spherical led by present investor NewH2 Ventures. The proprietor of the eponymous machine learning-powered, personalised skincare model has raised US$9 million in previous rounds.
THE DETAILS WWD studies that the corporate is hoping to turn into worthwhile by the tip of the yr with income anticipated to hit US$35 million. Confirmed’s newest launch, the Noteworthy perfume line, has been notably profitable.
THE WHY? Co-founder Ming S Zhao advised WWD, “This new funding permits us to proceed our important work of creating personalised skincare and perfume the usual.”
The corporate plans to place the finds in direction of product growth, advancing expertise and advertising to develop the manufacturers’ attain.
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