Three Ships Beauty Raises $2.5M in Funding

Three Ships Beauty

Three Ships Beauty, a Toronto, Canada-based natural skincare brand, raised USD$2.5M in funding.

The round was led by BDC Capital’s new Thrive Venture Fund with participation from strategic angel investors.

The company intends to use the funds 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.

Founded by Connie Lo and Laura Burget, Three Ships Beauty is a skincare brand whose products include science-backed plant-derived ingredients, no fillers or chemicals, and are housed in 100% recyclable packaging. Products include the Skin Hero Bio-Retinol Serum, and the Dew Drops Serum.

In 2023, the company expanded its distribution to Whole Foods locations across North America and, to start off 2024, they released First Light Vitamin C + Caffeine Eye Cream.