Estée Lauder Backs $7M Funding Round For This Community Powered Platform [Forbes]
Estee Lauder Companies, Inc. (The) (EL)
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am
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Source: Forbes
KIKI World , the pioneering beauty company where products are voted in by its community has announced a $7 million funding round. The round is backed by Estée Lauder Companies' New Incubation Ventures (NIV), a16z crypto, consumer-tech funds Double Down, 2Punks Capital and Advancit, digital communities RedDao and OrangeDao, and Web3 entrepreneur gmoney. Alongside this announcement comes news that KIKI is building out the propriety software that powers its consumer arm with a suite of platform tools and applications, enabling enterprise clients to launch their own community driven and participatory campaigns. That Web3 enabled brands are still in their infancy— gmoney's own 9dcc , Ismail Tazi's Trame and and Colby Mugrabis' mmERCH being examples of the emerging technology at work—makes KIKI's swift evolution from brand to enterprise platform all the more noteworthy. KIKI launched in early 2023 with connected beauty products co-created by its community which can participate in p
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EL
Earnings
- 2/5/24 - Beat
EL
Sec Filings
- 4/22/24 - Form 4
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- EL's page on the SEC website