Three Ships Beauty secures financing led by BDC - Private Capital Journal
Summary
And with the right team in place, theres no limit to what we can achieve together.Were so grateful for investors like BDCs Thrive Venture Fund who not only believe in our mission but share our values, adds Laura Burget, co-founder of Three Ships Beauty. Now we can grow that awareness and make natural, effective skincare accessible to more people.It has been truly remarkable to witness Three Ships Beautys impressive growth, expanding customer traction and recognition in the North American market, said Mona Minhas, Partner, Thrive Venture Fund. The companys evolution to date, coupled with their steadfast commitment to improving transparency and sustainability in the skincare industry, fills us with anticipation for their next exciting phase of growth.Three Ships Beauty has become synonymous with natural-skincare innovation and efficacy. With a commitment to transparency and sustainability, every product is created with science-backed, plant-derived ingredients, free of fillers or chemicals, and packaged in 100% recyclable materials.In 2023, Three Ships expanded its distribution to Whole Foods locations across North America and achieved profitability with an impressive 65% growth in total revenue. Continuously choosing upcycled ingredients, innovative packaging, and a commitment to fulfill a circular economy, Three Ships has met the standard of sustainable and eco-friendly skincare every step of the way.BDC Capital is the investment arm of BDC, Canadas bank for entrepreneurs.