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Home > News > Cosmetics Industry News > Mother Science completes $3.5 million in financing

Mother Science completes $3.5 million in financing

ECHEMI 2024-05-07

Mother Science has closed a $3.5 million funding round led by Greycroft. Under the terms of the deal, Greycroft partner Katherine Power will join the skincare brand’s board of directors. The funds will be invested in research and development, further innovation, product launches and team growth.

 

Power is best known as the founder of Merit Beauty, Versed Skincare and Avaline Wine, according to a report published by WWD. The new role will be her first time serving on a board outside of the company she founded.

 

Power revealed in a statement, "I have been closely following Mother Science from its early stages, especially after experiencing first-hand the transformative power of malassezin in the Mother Science Molecular Hero Serum. Malassezin is a breakthrough ingredient in skin care, and I'm excited to join forces with Ann Marie and Michael to drive their vision forward, build a great team and drive exponential growth for the company."

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