NX has recently announced its newest members for the second batch of the NIVEA acceleration program. NX is excited to welcome the second batch and the following five startups into their progam.
Beiersdorf announced the top five beauty startups for its second batch of the NIVEA Accelerator (NX). An international jury selected the startups based on their innovative business models and digital capabilities.
Korean beauty startups have found great success in Korea. They also are looking to bring a lot of innovation into their beauty products. Here are the top 10 Hottest Korean Beauty Startups to watch in 2020.
The beauty industry is always changing as it tries to keep up with the latest consumer trends. As a part of this movement, big corporates are partnering with beauty startups to work with new exciting and innovative companies.
The beauty industry became a vibrant environment for investments. Especially beauty startups are hot targets for investment or M&A activities. Also, the large beauty corporates have been very active in closing deals.
Within the consumer goods sector, beauty is considered the fastest-growing category. With the rise of the beauty space, investors have been paying close attention to identify new trends and investment opportunities.
We’re sure 2020 will bring us new Beauty Technology that we can’t even imagine yet. However, for now, let’s look at some of the hottest Beauty Tech trends that are sure to keep influencing the industry right through the year.
NIVEA Beauty Accelerator, built with the expertise of Beiersdorf, the German multinational personal-care company, is attractive to rising startups hoping to connect with an international network.
Beiersdorf has acquired a significant stake in Seoul-based LYCL Inc., which runs Unpa. With this investment, Beiersdorf became the second largest shareholder of the rapidly growing skin care and beauty tech start-up.
After carefully reviewing 200 beauty startups, NIVEA Acelerator was able to recruit the five startups for the first batch of the NX program.
NIVEA Accelerator held the official opening ceremony. The party was joined by the five selected startups and a host of guests.
NIVEA Accelerator selected the first five startups through a thorough evaluation of more than 200 K-beauty startups in South Korea.
"We believe NX will produce positive results as it values internal stability as a program that aims for equal partnerships."
"NX is a prime example of how beauty and beauty tech startups can be supported by a big corporate."