Led by CEO and beauty entrepreneur, Jasmina Aganovic, Arcaea to accelerate the beauty industry’s transition from industrial chemistry to a more regenerative era driven by biology
Company seeks to create sustainable, previously inaccessible ingredients for the industry at large as well as its own brands and products
Strategic investment from leading beauty companies including CHANEL and Givaudan with additional financial backing from Wittington Ventures, Viking Global Investors, and Cascade Investment L.L.C.
BOSTON, Oct. 27, 2021 /PRNewswire/ — Arcaea (Ar-kay-uh), a company launched on the Ginkgo Bioworks (NYSE: DNA) Platform, today announced its $78M Series A to build a new, regenerative future for the beauty industry through expressive biology—where biology is used as a creative tool for self-expression. Arcaea will grow new ingredients and product experiences for beauty by leveraging technology such as DNA sequencing, biological engineering, and fermentation to activate unique storytelling.
Arcaea
By culturing industry-leading, safe, and sustainable ingredients, Arcaea intends to create a new supply chain for the industry that does not rely on petrochemicals or on harvesting and depleting natural resources. This approach enables Arcaea to tap into the entire tree of life to develop new and previously unimagined or inaccessible ingredients using current practices. By harnessing the power of biology, Arcaea is poised to produce highly sustainable products that can deliver new functionality and performance across skincare, bodycare, haircare, and aesthetics.
Jasmina Aganovic, a chemical and biological engineering graduate from MIT, will lead Arcaea as CEO. She brings more than a decade of industry experience translating innovation in beauty through brands and products at various beauty companies, including Fresh and Living Proof and the innovative microbiome beauty company Mother Dirt, which changed the way we think about clean and healthy skin. Instead of stripping and sterilizing our skin, many now recognize the importance of the skin microbiome and the need for cosmetic products that benefit, balance, and enhance the population of microbes living on its surface. Jasmina saw the powerful role that biology can play in the cosmetics industry, which prompted her interest in creating tools to better realize its potential. She joined Ginkgo Bioworks as an Entrepreneur-in-Residence, where she spent the last two years building the foundation for Arcaea.
“Through Arcaea, we see biology as …….
Source: https://finance.yahoo.com/news/arcaea-company-launched-ginkgo-bioworks-130000775.html