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Miguel Cordon · · 1 min readEast Ventures-backed Social Bella secures $56m in latest round
Indonesia’s Social Bella, a beauty and personal care tech startup that claims to have served over 42 million users last year, said it has raised US$56 million as part of its latest round.
More funding details
- Lead investor: L Catterton
- Returning investors: Jungle Ventures and East Ventures
- New investor: Indies Capital
- Stage: Unspecified
More company updates
- Social Bella plans to use the funds to further its growth and product development efforts in the Southeast Asian region following the expansion of its business-to-consumer arm Sociolla into Vietnam last year.
- L Catterton’s participation in the round marks its first investment in Indonesia.
- According to Social Bella, since its establishment in 2015, it has expanded to have 21 omnichannel stores across nine cities in Indonesia and one in Ho Chi Minh.
- Social Bella’s latest round follows its US$58 million series E raise last year, which included participation from Temasek, Pavilion Capital, and Jungle Ventures.
For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.
Editing by Collin Furtado and September Grace Mahino
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