Memebox, a San Francisco, CA-based beauty brand, raised an additional $60M in a Series C extension round.
Backers included Goodwater Capital, Altos Ventures, Cowboy Ventures, Mousse Partners, Formation Group, Funders Club, Pear Ventures, Cota Capital and Janet Gurwitch. The round – an extension of the $66M the company raised in its initial Series C – brings the company to $160M raised since it was founded in 2012.
The company intends to use the funds to improve the mobile shopping experience, develop a database of beauty ingredients and products, and build out its global operations for efficiency as the company grows its global presence.
Led by CEO Hyungseok Dino Ha, Memebox leverages data collected from customers and its own research and development labs outside of Seoul, South Korea to test and develop its four in-house brands Bonvivant, Nooni, I’M Meme and Pony Effect. A Y Combinator graduate, the company recently added Janet Gurwitch, partner at Castanea Partners and founder and former CEO of Laura Mercier, to the company’s advisory board.
Memebox has offices in San Francisco, Shanghai, Seoul, Taipei, Hong Kong and Singapore.