L'Oréal leads €35 million funding for French biotech firm Abolis

By Alessandro Carrara | Published: 13-Sep-2024
Ingredients

Abolis is a biotech innovator which creates ‘sustainable’ and microbe-powered beauty solutions for the industry

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L'Oréal has led a €35m funding round for French biotech ingredients company Abolis.

The investment will be used to expand the Essone-based company’s development of microbe-based beauty solutions.

Biotech is a key driver in the transformation of L'Oréal’s ingredient portfolio, Anne Colonna, Global Head of Advanced Research at L’Oréal, told Cosmetics Business. 

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