Three Ships Beauty has raised $2.5 million, led by BDC Capital's Thrive Venture Fund as well as strategic angel investors.
The brand expanded into Whole Foods locations in North America in 2023 and reached profitability in part due to a 65% rise in revenue, per Three Ships Beauty.
Recently, the brand launched its First Light Vitamin C + Caffeine Eye Cream, which reportedly sold one unit every 30 seconds on launch day.
"This is huge for Three Ships and we're just so excited," said Connie Lo, co-founder of Three Ships Beauty. "Thanks to this funding from Thrive, we can expand our market reach and build more awareness around the products people already love. And with the right team in place, there's no limit to what we can achieve together."
"We're so grateful for investors like BDC's Thrive Venture Fund who not only believe in our mission but share our values," added Laura Burget, co-founder of Three Ships Beauty. "We have great products that really work, and our customers love them. Now we can grow that awareness and make natural, effective skincare accessible to more people."
"It has been truly remarkable to witness Three Ships Beauty's impressive growth, expanding customer traction and recognition in the North American market," said Mona Minhas, partner, Thrive Venture Fund. "The company's 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.''
