Goodiebox, a Copenhagen, Denmark-based beauty-tech startup, closed a €5.7M Series A funding round.
Backers included InQvation and The Danish Growth Fund, among others.
The company, which has raised more than €9m in total funding to date, intends to use the funds to accelerate growth in Europe, expanding to four new markets, including Germany later this year.
Founded in 2012 and led by Rasmus Schmiegelow, CEO, Goodiebox provides a monthly subscription for a box of customized beauty products targeted for women. Additionally, the company has developed its own range of cosmetics and skin care products under the name Comme Deux.
The community-developed beauty brand is based on hundreds of thousands of insights from Goodiebox members.
At the moment, the company has approx. 80,000 subscribers in Denmark, the Netherlands, Sweden, Norway and Belgium.
The company aims to have 150,000 subscribers and €3,3M in monthly revenue by the end of 2019.