16 Feb '12
Nanocosmetics manufacturer NanoDerm-Profi has raised $3.3m in a second investment round, Russian Venture Company (RVC) reports.
The pool of investors included the RVC Seed Fund and private investor Jespar-Bios. The Fund reportedly gave $2.5m.
Under plans, the money will be spent on further strengthening of the company's market positions, as well as development of strategic partnerships and team reinforcement.
NanoDerm-Profi produces anti-aging, skin cleaning and professional cosmetics using Jespar-Bios’s technology, developed in Ufa, Republic of Bashkortostan, together with the Institute of Biology of Ufa Science Center of the Russian Academy of Science (USC RAS) and the Institute of Biochemistry and Genetics of USC RAS.
Aleksey Teleshev, director of the RVC Seed Fund, noted dynamic growth of NanoDerm-Profi. “In less than a year after the RVC Seed Fund’s first investment round in February 2011 the number of pharmacies selling NanoDerm cosmetics reached 1,200. That is why the Fund’s board of directors has approved further investment support for NanoDerm-Profi. The new finance will be allocated for expansion of production capacities and active promotion of the firm’s products in the market,” he said.
In October 2011, NanoDerm-Profi also raised investment from RUSNANO in exchange for an 18% stake.