Three Ships Beauty raised CAD $3.5 ($2.5 million) in funding to strengthen its team and marketing to expand its business in the United States. WHO: Founded in 2017 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, the Canadian company promises to deliver uncomplicated skincare backed by natural ingredients and real science. The brand sells 23 individual products with an average price point of $28.BDC Capital is the investment arm of BDC, Canada’s bank for entrepreneurs. With over $6 billion under management, BDC Capital is a strategic partner to the country’s most innovative firms. It offers businesses a full spectrum of capital, from seed investments to growth equity, as well as fund investments, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage.WHY: The funding will be used to further expand in the US market, invest in brand and growth marketing, and strengthen the team with strategic hires to continue scaling retail and e-commerce growth. IN THEIR OWN WORDS: "This is huge for Three Ships and we’re just so excited,” says Connie Lo, co-founder of Three Ships Beauty. “Thanks to this funding from Thrive, we can expand our market reach and build more awareness around the products people already love. And with the right team in place, there’s no limit to what we can achieve together.