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Three Ships Beauty

Direct-to-consumer natural skincare, vegan, cruelty-free

Overview

Three Ships Beauty is a direct-to-consumer indie skincare brand that offers affordable, all-natural products that are vegan and cruelty-free. Its range includes cleansers, masks, and serums designed for diverse skin types (acne-prone, oily, dry, and sensitive) with transparent ingredient lists. The brand emphasizes openness about formulations and prices, encouraging customers to scrutinize what they use. Its approach centers on online sales with bundled kits and merchandise, plus free shipping on orders over a certain amount. Unlike larger brands, Three Ships Beauty focuses on straightforward, accessible skincare with clear ingredient information and a transparent pricing model.

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About Three Ships Beauty

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Industries

Consumer Goods

Company Size

11-50

Company Stage

Seed

Total Funding

$4.6M

Headquarters

Toronto, Canada

Founded

2017

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Funding

Total Funding

$4.6M

Below

Industry Average

Funded Over

4 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Below Average

Industry standards

$3.3M
$2M
$2.3M
$2.6M
$3M

Company News

Causeartist
May 9th, 2024
Natural Skincare Brand, Three Ships Beauty, Raises C$3.5M to Accelerate US Expansion

Three Ships Beauty, a leading Canadian natural skincare brand known for its transparency, sustainability, and effectiveness, has successfully raised $3.5 million CAD in a financing round led by BDC Capital's Thrive Venture Fund, alongside strategic angel investors.

ACCESSWIRE
May 9th, 2024
Three Ships Beauty Raises $2.5M

Three Ships Beauty, an AAPI-owned skincare brand, has raised $2.5M USD in a funding round led by BDC Capital's Thrive Venture Fund, with additional support from angel investors. The Toronto-based company plans to use the funds to expand in the US, enhance marketing efforts, and make strategic hires to boost retail and e-commerce growth. Co-founders Connie Lo and Laura Burget expressed excitement about expanding market reach and continuing to offer natural, effective skincare products.

Beauty Independent
May 8th, 2024
Three Ships Beauty Secures $2.5M Funding

Three Ships Beauty has secured $2.5M in funding led by Thrive Venture Fund to expand its U.S. presence and enhance marketing efforts. This investment brings its total funding to $4.4M and values the company at $20M post-money. The Toronto-based natural skincare brand achieved profitability in 2023 and forecasts a 65% sales increase this year. Thrive Venture Fund, a previous investor, contributed $360k in 2022.

FashionNetwork.com
May 8th, 2024
Canadian skincare brand Three Ships Beauty secures $3.5 million investment

Canadian skincare brand Three Ships Beauty has secured a $3.5 million CAD financing round.

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