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Sustainable Beauty Brand Junoco Raises $6.3 Million Series A

June 6, 2022
June 6, 2022
Junoco

Sustainable skincare Junoco landed a $6.3 million Series A led by Vision Plus Capital.

WHO: Junoco is a San Francisco-based sustainable skincare brand founded by serial entrepreneur Kyle Jiang and the first employee of beauty giant Ipsy (now Beauty For All) Mira Peterson. The brand is committed to a mission of leading change towards a more sustainable future in beauty. Every product is created with sustainability at the core of its ideation, with simplified and intuitively sustainable products and formulas.

WHY: The funding will be used for product development and to upgrade its current collection into 80% refillable packaging.

IN THEIR OWN WORDS: Kyle Jiang, co-founder of Junoco, said, "This additional investment from Vision Plus and Frees Fund will allow us to create more conversation around sustainability and inclusivity. We are excited to lead the change and significantly grow our earth-friendly initiative, as well as, spread the message about our Skin Positivity Campaign, #ToBeHuman. Our mission is to inspire a more honest, transparent and positive revolution, not just for the beauty industry, but for all of humankind.”

Jasper Song, Vision Plus Capital investor, said, "We're delighted to be backing Kyle, and the rest of the Junoco team, as they bring their unique mission to the forefront of the beauty and skincare industry. Their capability of utilizing a global supply chain to ideate and create the latest sustainable innovations, combined with Kyle's passion to redefine the beauty space, makes us eager to help them accelerate their future progress. It's been amazing to hear their customers rave about the products they've already created, and all of us at Vision Plus Capital are looking forward to seeing them build an iconic materials house to change beauty.”

DETAILS:

  • Junoco secured a $6.3 million Series A led by Vision Plus Capital with participation from Frees Fund. 
  • The business raised $2.7 million in a prior round from Frees Fund and other individual investors that make the total funding raised to date $9 million.
  • According to the brand, the bestseller Clean 10 Cleansing Balm is a 10-ingredient cleansing balm that has sold more than 500,000 pieces within the first year of launch.
  • WWD reported that industry sources estimate Junoco did more than $13 million in retail sales in 2021, and is on track to do between $25 million and $35 million in 2022.
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