The current state of the clean beauty concept is that while many consumers are indeed enticed by it, the high prices remain a barrier.

This funding will be disbursed over a period of 24 months and will be utilized to enhance TFI’s fundraising and sponsorship capabilities, enabling them to continue providing a wide range of resources to local fashion startups.

The acquisition agreement is contingent on a debt relief package of $690 million.

Unlike traditional venture capital or private equity firms, which often believe the true value of an investment ends once the check is written, Beach House Ventures brings a wealth of reliable experience in areas such as entrepreneurship and exit strategies as seasoned entrepreneurs themselves.

The participants in the new incubation project include 12 brands such as Topicals, Eadem, and Hyper Skin from Sephora’s 2021 Accelerate program.