Shenzhen-headquartered men’s skincare brand MAKE ESSENSE has secured nearly 300 million yuan ($46 million) in its Series B+ round led by Tiger Global with the participation of video-sharing platform Bilibili.
Existing investors 5Y Capital, Redpoint China Ventures and SIG Capital also joined the round. Palm Capital facilitated the transaction, according to a company statement on Monday.
In January this year, the company raised 150 million yuan ($23 million) in its Series B round from 5Y Capital, SIG Capital, Redpoint China Ventures, M31Capital and Hupu.
The company distributes a wide range of men’s skincare products comprising facial cleanser, shower gel, makeup and body perfume.
During the fourth quarter of 2020, it clocked 100 million yuan ($15 million) in gross merchandise value (GMV).
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from April 23 – 26, 2021.
