default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Shiseido Launches Venture Investment Fund

The fund will identify and invest in early-stage companies in the beauty and wellness sector, and is the first venture fund Shiseido has launched in the Western hemisphere.
Inside Shiseido's new innovation space.
The fund is Shiseido's first Western-focussed corporate venture capital initiative. (Shiseido)

On Dec. 7, Shiseido Company announced the launch of a corporate venture capital fund, Shiseido Long Term Investments for the Future (LIFT) Ventures. It will identify and invest in early-stage companies in the beauty and wellness sector, and is the first venture fund Shiseido has launched in the Western hemisphere.

Until now, Shiseido had focussed much of its venture investment in Asia. It now joins the ranks of Estée Lauder Companies, L’Oréal and Unilever, all of which have well-established venture capital arms seeking out emerging brands. The fund’s inaugural investments are in Phyla, an American probiotic skin care company, and Patricks, an Australian male grooming brand. The company declined to give specifics around average check size or whether it is looking to make minority or majority investments, but said it has the ability to make “multiple strategic investments” at different points of a company’s evolution. Shiseido expects to make more investments in 2024 and beyond.

Shiseido has made numerous bets on the Western skin care market in recent years, including the acquisitions of French probiotic skin care company Gallinée and US-based brand Drunk Elephant, as well as incubating holistic line Ulé in 2022.

In a statement, Masahiko Uotani, Shiseido chairman and chief executive officer, said that the fund’s creation represents a new opportunity “to partner with organisations focused on creating pioneering… solutions and to gain further insights and access for Shiseido’s growth ambitions.”

LIFT Ventures will be based in New York City and led by Shiseido Americas’ president and chief executive officer Ron Gee.

Learn more:

How to Build a Beauty Brand That Lasts for Generations

To build a business that lasts, brands must appeal to more than their original core demographic. Behemoths like Nike and Apple have done so — but makeup, skin care and hair lines have had less luck.

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Beauty
Analysis and advice on the fast-evolving beauty business.




view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional Summit - New Frontiers: AI, Digital Culture and Virtual Worlds - March 22, 2024
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional Summit - New Frontiers: AI, Digital Culture and Virtual Worlds - March 22, 2024