L’Oréal Takes Stake in French Biotech Company

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L’Oréal is expanding its reach into the green sciences by taking a minority stake in Microphyt, a French biotech company. The investment was made through Business Opportunities for L’Oréal Development (BOLD), the group’s venture capital fund.

Another goal with the partnership is to help L’Oréal reach the group’s 2030 sustainable development engagements, respecting planetary boundaries.

Together, L’Oréal and Microphyt plan to build a technical platform and combine material and human resources to create microalgae biomass-derived raw materials. Those should then lead to new cosmetic solutions.green sciences “The technological platform in an ‘extended lab’ mode is perfectly complementary to our own activities,” he continued. “With L’Oréal, this new technological platform will help us speed up the development of eco-designed ingredients, as well as facilitate the scale-up of our production.”

Green sciences span “from the way we cultivate our ingredients, to biotech, to green chemistry, which is the way we produce and we transform our ingredients, including eco-conceived ways to formulate our products,” Colonna said.

 

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