TAGS: Hair Care Sun Care Skin Care
After the initial investment by BASF in 2019, B2B Cosmetics and BASF have continued the development of the Emuage technology, a system which delivers freshly-made, personalized cosmetics to the users.
The Emuage technology allows users to create their own individualized personal care products by simply choosing capsules, placing them into the machine and receiving the final product, for example for hair, sun or skin care.
First Market Entry of Technology
Given very positive feedback from consumers and personal care formulators over the last two years, B2B Cosmetics and BASF realize the first market entry of this technology. Projects with partners and customers will come in the following months globally.
To enable the production scale-up and support market entry, BASF continues its commitment through a second-round financing into B2B Cosmetics.
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B2B Cosmetics has continued to impress in developing this technology for the personal care market. It confirms that our strategic relationship with B2B Cosmetics is essential in our ecosystem to help our customers answer consumer demand for customized beauty products. We are excited that customers are now bringing this technology to consumers and business is commencing,” said Robert Parker, director, new business development, care chemicals, BASF.
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This financing round through BASF secures our ability to quickly scale-up our Emuage technology and bring it to market. In addition to supporting BASF and their customers, we will also be opening the first Emuage stores by B2B Cosmetics in Switzerland, France and Middle East in the coming months,” said Gregoire Tutenuit, president and co-founder of B2B cosmetics.
Source: BASF