Arcaea to speed up the wonder {industry}’s transition from industrial chemistry to a extra regenerative period pushed by Expressive BiologyBOSTON, Jan. 28, 2022 /PRNewswire/ — Arcaea (Ar-kay-uh) introduced OLAPLEX (NASDAQ: OLPX), an modern, science-enabled, technology-driven magnificence firm targeted on delivering patent-protected premium hair care merchandise to skilled hair salons, retailers, and on a regular basis shoppers, to goal transformation in the hair care {industry}, made a strategic funding in the Company through the third quarter of 2021.Arcaea (PRNewsfoto/Arcaea)Arcaea’s mission is to construct a brand new, regenerative future for the wonder {industry} by expressive biology—the place biology is used as a inventive instrument for self-expression. Arcaea will develop new elements and product experiences for magnificence by leveraging expertise equivalent to DNA sequencing, organic engineering, and fermentation to activate distinctive storytelling.Arcaea is initiating hair and scalp care packages to broaden the instruments shoppers have to strengthen and defend their hair and scalp throughout the skilled, specialty retail and direct-to-consumer channels.”We are thrilled to have OLAPLEX as a strategic associate and investor as we develop Arcaea,” mentioned Jasmina Aganovic, founder and CEO of Arcaea. “Their perception and experience in hair care, in addition to a shared want to see new advances to enhance client well being in an {industry} ripe for innovation, is reflective of the shared future we wish to see; and makes them a really perfect associate.””Innovation is part of our OLAPLEX model DNA and we’re dedicated to offering innovative expertise that may assist to resolve actual client issues,” mentioned JuE Wong, OLAPLEX president and chief govt officer.By culturing industry-leading, secure, and sustainable elements, Arcaea intends to create a brand new provide chain for the {industry} that doesn’t depend on petrochemicals or on harvesting and depleting pure assets. This method allows Arcaea to faucet into your complete tree of life to develop new and beforehand unimagined or inaccessible elements utilizing present practices.Story continuesArcaea has raised $78 million in Series A funding from a consortium of strategic and monetary traders together with Cascade Investment L.L.C., Viking Global, OLAPLEX, CHANEL, Givaudan and Wittington Ventures. This Series A financing spherical brings collectively a mixture of experience throughout the worth chain of the {industry}, and will allow Arcaea to provoke a number of technical packages throughout key classes in magnificence to develop a pipeline of elements and model launches; and create a world of beforehand unimaginable prospects in magnificence.About Arcaea (Ar-kay-uh)Arcaea, LLC (Ar-kay-uh), an organization launched on the Ginkgo Bioworks platform, with the mission to construct a brand new basis for the wonder {industry} by expressive biology. Arcaea sees biology as a beneficial inventive instrument for self expression. The firm will develop new elements and product experiences for magnificence by expertise equivalent to DNA sequencing, organic engineering, fermentation and extra. By culturing industry-leading, secure, and sustainable elements, Arcaea intends to create a brand new provide chain for the {industry} that doesn’t depend on petrochemicals or on harvesting and depleting pure assets. By harnessing the ability of biology, Arcaea is poised to produce extremely sustainable merchandise that may ship new performance and efficiency throughout skincare, bodycare, haircare, and aesthetics. Arcaea was incubated on the Ginkgo Bioworks platform and shaped underneath the identify Kalo Ingredients LLC.About OLAPLEXOLAPLEX is an modern, science-enabled, technology-driven magnificence firm with a mission to enhance the hair well being of its shoppers. A revolutionary model, OLAPLEX paved the best way for a brand new class of hair care known as “bond-building”, the method of defending, strengthening and rebuilding damaged bonds in the hair throughout and after hair providers. The model’s merchandise have an lively, patent-protected ingredient that works on a molecular degree to defend and restore hair from harm. OLAPLEX’s award-winning merchandise are bought by a world omni-channel platform serving the skilled, specialty retail, and direct-to-consumer channels.CisionView authentic content material to obtain multimedia:https://www.prnewswire.com/news-releases/arcaea-the-beauty-company-pioneering-innovation-through-expressive-biology-announces-strategic-investment-and-partnership-from-olaplex-to-deliver-new-technology-in-haircare-301470578.htmlSOURCE Arcaea
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