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Corporate VCAllocates capital directlyActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 10 SOURCES

BOLD (Business Opportunities for L’Oréal Development)

Corporate venture capital fund of L’Oréal

Also known as BOLD, L’Oréal BOLD, L’Oréal BOLD Ventures, BOLD BUSINESS OPPORTUNITIES FOR L'OREAL DEVELOPMENT

L’Oréal’s corporate venture fund (Clichy, launched 2018); takes minority stakes in beauty and wellness brands and beauty science/tech startups worldwide.

Corporate venture fund of L’Oréal (Clichy); not Bold Capital Partners or other “Bold” funds.

HEADQUARTERS
Clichy, France
FOUNDED
2018
AUM
—
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
2 people

FOCUS

STAGES
SeedSeries ASeries BGrowth
SECTORS
Consumer & E-commerceBiotech & Life SciencesSoftware & SaaS
ASSET MIX
Venture capital
GEOGRAPHY
Global

WHAT IT IS

Corporate VC. A corporation investing from its own balance sheet, usually with strategic goals.

ABOUT

BOLD (Business Opportunities for L’Oréal Development) is the corporate venture capital fund that L’Oréal launched in December 2018 to take minority stakes in high-growth startups. It invests across the beauty value chain in two verticals, beauty and wellness brands and science and tech for beauty, and offers portfolio companies access to L’Oréal’s expertise and network while preserving their independence. Disclosed investments include Sillages Paris (its first, 2018), SPARTY (Japan, 2022), Debut (US, 2023), Timeline (Switzerland, 2024), Borntostandout (Korea, 2025), Live Tinted and Hanni (US, 2026). In September 2026 it announced a co-investment partnership with Nykaa for minority stakes in Indian beauty brands.

INVESTMENT THESIS

Minority stakes in innovative, high-growth startups across the beauty value chain, in two verticals: beauty and wellness brands, and science and tech for beauty; the 2018 launch scope covered new business models in marketing, R&I, digital, retail, communication, supply chain and packaging.

PORTFOLIO (7)

  • Hanni
    Consumer & E-commerce · since 2026
  • Live Tinted
    Consumer & E-commerce · since 2026
  • Borntostandout
    Consumer & E-commerce · since 2025
  • Timeline
    Biotech & Life Sciences · since 2024
  • Debut
    Biotech & Life Sciences · since 2023
  • SPARTY
    Consumer & E-commerce · since 2022
  • Sillages Paris
    Consumer & E-commerce · since 2018

TEAM

  • Laurent Schmitt
    President · source
  • Muriel Atias
    Chief Investment Officer · source

LINKS

FAQ

BOLD (Business Opportunities for L’Oréal Development) is a corporate venture arm based in Clichy, France, founded in 2018.

Yes. BOLD (Business Opportunities for L’Oréal Development) invests directly in private companies.

BOLD (Business Opportunities for L’Oréal Development) invests at Seed, Series A, Series B and Growth stages in Consumer & E-commerce, Biotech & Life Sciences and Software & SaaS.

Key people at BOLD (Business Opportunities for L’Oréal Development) include Laurent Schmitt (President) and Muriel Atias (Chief Investment Officer).

BOLD (Business Opportunities for L’Oréal Development)'s investments include Hanni, Live Tinted, Borntostandout, Timeline, Debut, SPARTY and Sillages Paris.

The most recent publicly reported investment by BOLD (Business Opportunities for L’Oréal Development) is Hanni, announced in Apr 2026.

No. BOLD (Business Opportunities for L’Oréal Development) invests its own capital and does not raise money from outside investors.