Lillycover, one of the top five startups who joined the NX NIVEA Accelerator program this year, announced that it has raised $4 million in a Series A funding round led by POSCO Capital, TBT Partners, IBK, KITE Entrepreneurship Foundation and more.
Founded in 2016, Lillycover introduced a customized skincare solution with its smart factory system. Lillycover’s skin device for skin diagnosis and plasma management, ‘MUILLI,’ works with big data and artificial intelligence algorithms in order for users to easily understand their unique skin type. Subsequently, customers receive fully customized skincare products on a subscription service based on their individual needs. Lillycover’s products are freshly, accurately and cleanly manufactured and delivered right away.
“We will continue to develop and provide a regular subscription service based on big data and artificial intelligence algorithms. We look forward to leveraging NX’s global network and resources to help fuel our business, while we will expand our skin care product line and introduce scalp-related services this fall” said SunHee An, CEO & Founder of Lillycover.