Canadian skincare brand Three Ships Beauty secures $3.5 million investment

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Canadian skincare brand Three Ships Beauty: A major step forward in the growth trajectory of the Canadian skincare business Three Ships Beauty has been achieved with the successful completion of a $3.5 million CAD fundraising round. The investment, which is being led by BDC Capital’s Thrive Venture Fund and includes strategic angel investors, will allow the award-winning brand to strengthen its staff, increase its investment in brand and growth marketing, and expand its presence in the U.S. market.

The money has the ability to increase the brand’s visibility and broaden the audience for its cherished products, according to Connie Lo, co-founder of Three Ships Beauty, who was thrilled by the news. In order to open doors to new prospects for growth, she stressed the significance of assembling a solid team.

Along with Lo, Three Ships Beauty co-founder Laura Burget expressed appreciation to investors including BDC’s Thrive Venture Fund for their belief in and support of the brand’s purpose and ideals. Burget highlighted the company’s dedication to providing eco-friendly, effective skincare products that are devoid of dangerous ingredients.

Three Ships Beauty is well-known for its innovative and effective natural skin care products. The brand has built a loyal following by prioritizing sustainability and openness in its packaging and product compositions. The brand’s commitment to quality and authenticity is evident in every product, which is hand-made using substances taken from plants and supported by science.

Three Ships Beauty’s distribution to Whole Foods stores across North America increased by 65% in 2023, leading to a tremendous surge in overall revenue. On the day of its release, the First Light Vitamin C + Caffeine Eye Cream sold one unit every thirty seconds, demonstrating the extraordinary popularity of the brand’s most recent product.

Two of Three Ships Beauty’s most popular serums, Skin Hero Bio-Retinol Serum and Dew Drops Serum, have won rave reviews from clients for their all-natural ingredients and impressive results.

In addition to being named to Forbes’ 30 Under 30 Class of 2022, Lo and Burget have won esteemed awards like RBC Canadian Women Entrepreneurs of the Year in 2021 and EY Entrepreneur of the Year in Ontario in 2022. Thanks to their vision and hard work, Three Ships Beauty has soared to new heights in the competitive skincare market.

Mia Collins

Mia's love for beauty innovation and her insights into modern lifestyle choices make her the go-to writer for readers seeking to stay ahead of the style curve.

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