Colorescience, a Carlsbad, CA-based premier luxury mineral makeup company, completed a $15m Series B financing.
The round was led by Longwood Fund with participation from existing investors including Hale BioPharma Ventures, Split Rock Partners, HealthCare Ventures, and Domain Associates, contributing $7.5m. In conjunction with the funding, Rich Aldrich of the Longwood Fund, joined Colorescience’s Board of Directors.
The company intends to use the funds for domestic and international initiatives to accelerate the growth of the business.
Led by Mary Fisher, Chief Executive Officer, Colorescience offers makeup products for women under its registered trademark Sunforgettable. Its line is comprised of mineral sun protection products that offer a Broad Spectrum UVA/UVB sun protection, SPF 30, 35 and 50.