About LYCL Inc.

LYCL Inc. is a Korean skin care and tech startup established in 2013. The company combines three different business models: unpa.me, a review and content platform for K-Beauty products, palett.me, an influencer network platform, and unpa.Cosmetics, the startup's own skin care brand. This setup leads to a fast development of data-driven, consumer-centric and highly innovative skin care products. LYCL Inc. already has a strong footprint in South Korea with the majority of product sales generated through a direct-to-consumer (DTC) business model via LYCL's own website.

About OSCAR&PAUL Venture Capital

OSCAR&PAUL is the recently established platform for all internal and external ventures at Beiersdorf. While OSCAR&PAUL Mastering Corporate Indie Brands develops new brands and business models from within the company, OSCAR&PAUL Beiersdorf Venture Capital focuses on corporate investments in external strategic opportunities. True to Beiersdorf's entrepreneurial DNA, OSCAR&PAUL Beiersdorf Venture Capital invests in innovative companies and start-ups, establishing long term partnerships to drive the impact of disruptive technologies, new business models and skin care innovations.

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Beiersdorf AG published this content on 15 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2020 07:49:04 UTC