On April 27th, ODDITY, the parent company of Israeli beauty brand Il MAKIAGE, announced its acquisition of biotech startup Revela for $76 million. This marks ODDITY’s largest acquisition to date.
As part of the deal, ODDITY will also invest an additional $25 million to establish ODDITY LABS in Boston. This lab will serve as a biotech research and development center, powering innovation for ODDITY’s future products. The transaction is expected to be completed in the second quarter of 2023.
The Revela founding team will lead ODDITY LABS. Dr. Evan Zhao, CEO of Revela, will jo …
