Luxola, a Singapore-based provider of online beauty products in Southeast Asia, raised $10m in funding.
The round was led by Transcosmos (TSE: 9715) with participation from existing investor GREE Ventures, the venture capital arm of GREE, Inc. (TSE:3632), a global mobile social company.
The company intends to use the funds to further expand product selection, increase regional warehouse and operational capacity, and continue to improve the customer experience via enhancements to its platform and mobile technologies.
Led by Alexis Horowitz-Burdick, founder and CEO, Luxola offers a selection of online beauty products, partnering with over 105 brands via its e-commerce platform Luxola.com. It also operates content platform Lxedit.com.
Previous investors in the company also included Wavemaker Labs Pte. Ltd., the National Research Foundation of Singapore, etc.