The portfolio of K-beauty brands secured funding for international growth as it tests the water for an IPO.WHO: Founded in 2012 in Seoul by Hyungseok Dino Ha and now headquartered in San Francisco, Mimibox (MBX), formerly known as Memebox, has expanded internationally. It creates and sells its own brands, such as Kaja, I Dew Care, Pony Effect, I'm Meme, and Nooni, often in partnership with major retailers like Sephora, Ulta Beauty, Nordstrom, Macy’s, and Walgreens. Its products are sold in over 4,000 offline stores.WHY: The funding will be used to expand its retail partnerships in the US and accelerate growth in the American market through a strategic partnership with Silicon 2. It will also focus on scaling key international markets, including Korea, Japan, Southeast Asia, and Europe.IN THEIR OWN WORDS: MBX CEO Ha Hyung-seok stated, “Ten years after founding, we’ve built a foundation to achieve both profitability and global growth. This funding will be used strategically and efficiently, and I’m thrilled that our team and investors share the same vision. Beyond our U.S.-focused business, we’re gearing up to expand into Korea, Japan, Europe, and Southeast Asia. We look forward to sharing more funding news and updates on new markets and partnerships soon.”DETAILS:Mimibox secured $6.5 million led by Goodwater Capital, with participation from Altos Ventures, Pear VC, Cota Capital, and 8VC, founded by Palantir’s co-founder and structured as convertible notes.The company has secured a total of $200 million in funding to date.  The company has achieved profitability based on EBITDA over the past two years.