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Three Ships Beauty Raises $1 Million in Funding

Published November 11, 2022
Published November 11, 2022
Three Ships

Canadian natural skincare brand Three Ships Beauty raised more than $1.1 million in funding to fuel growth.

WHO: Founded by Connie Lo and Laura Burget, Three Ships Beauty is a natural, sustainable skincare brand focused on transparency and accessibility. From farm to shelf, each product includes science-backed plant-derived ingredients, contains no fillers or chemicals, and is housed in 100% recyclable packaging. Better for the planet and better for the skin, Three Ships promises to deliver uncomplicated skincare backed by natural ingredients and real science.

WHY: The funding will allow the brand to invest in more sustainably sourced and upcycled ingredients, team expansion, and greater clinical and scientific backing for their products.

IN THEIR OWN WORDS: "Weʼre thrilled to be backed by investors that support our goal of providing our customers with the most efficacious, accessible skincare products," said Connie Lo, co-founder of Three Ships Beauty. "With this funding, we are able to invest in even more sustainably-sourced and upcycled ingredients, team expansion, and greater clinical and scientific backing for our products that truly show the effectiveness of our natural clean beauty."

"It is a big milestone in our startup career to be backed by such impressive investors," said Laura Burget, co-founder of Three Ships Beauty. "To have this support means the world to us and we could not be more excited to continue to provide clean and efficacious skincare products to our community. Choosing sustainable practices in our company from ingredients to our final packaging can be expensive. Placing that cost in the companyʼs hands to create this accessibility for our consumers is one of our number one priorities and has been since the start of Three Ships. This funding allows us to continue to create this affordability for our community that wasnʼt there for us growing up."

DETAILS:

  • Three Ships Beauty raised more than $1.1 million from investors that include Martin McCourt, former CEO of Dyson, Tara Bosch, founder of SmartSweets, and Arati Sharma, founder of Backbone Angels, among others.
  • Three Ships products are distributed in hundreds of stores across North America, including Whole Foods, Hudsonʼs Bay, The Detox Market, Credo Beauty, Indigo, and Holt Renfrew.
  • The business raised $102K in 2019 from strategic angels to rebrand to Three Ships, which launched July 2020.
  • $1.1 million in pre-seed funding round was closed in 2020. 
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