Lico Cosmetics has closed its first round of financing for an amount of one million euros with the manager Bewater, which has been done with 15% of the company in the operation. In a statement, the company explained that with this investment it strengthens and promotes the strategy of growth and expansion in new markets of the Andalusian startup, which in addition to its own R&D, has its own e-commerce.
«Our commitment is to continue taking exceptional care of the skin of our licolovers, formulating and developing treatments with proven efficacy with which they really see how their skin improves. Our efforts are focused on our R&D, which has been consolidated over the past year, from where we innovate by creating unique cosmetic treatments.“added its founder, Stephanie Ferrer.
Lico Cosmetics was founded 3 years ago by Estefanía Ferrer, a chemical engineer specializing in formulation and high-end cosmetics. For two years, they were researching, formulating, trying and testing until they found their goal: cosmetic formulations that combine engineering and nature, high efficacy and sustainabilitythus presenting a disruptive proposal in the cosmetics sector.
Lico Cosmetics has its own team of engineers who develop products to solve skin problems thanks to their Own R&D.
Their mission and commitment, as they explain, is to continue taking exceptional care of the skin of their ‘licolovers’, formulating and developing treatments with proven efficacy with which they really see how their skin improves. The company’s efforts are focused on its R&D, which has been consolidated in the last year, from where they innovate by creating unique cosmetic treatments.
The company got a turnover of 2 million euros last year 2022, with a growth of 450%. Its community already exceeds 200,000 users.