BOLD, the venture fund of L’Oréal

🎬 Earlier this month, the BOLD Forum took place gathering the key players driving beauty and health innovation in order to #CreateTheBeautyThatMovesTheWorld ➡️ At L'Oréal, and within BOLD, we believe pioneering beauty requires co-creating with the best – suppliers, academics, startups, founders, research institutes, innovative companies, and investors. This "world of co" - co-llaboration, co-operation, co-creation – is what drives us forward. For years, this collaborative work has given rise to a strong BOLD innovation ecosystem that brings the forum to life. The fourth edition featured discussions on a range of topics, including the impact of longevity on beauty routines, advancements in biotechnology, and future beauty trends. Beauty innovation was at the heart of the day's events, and we're excited to share a sneak peek with you! If you want to learn more, we invite you to visit our website : 🔗https://lnkd.in/gMKzit3 Follow us for the future 🚀 #CreateTheBeautyThatMovesTheWorld #FortuneFavorsTheBOLD #Innovation #BeautyTech #Sustainability #Beauty 🤝 Christophe Babule Barbara Lavernos Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Julie Pelcener Smithwhite Presca Ahn Filippo Principi Adeline Girou Camille Jaegle Carol J. Hamilton Nicholas Milosh, CPA, CA Rachel Weiss Marshall Gringauz Xiaolin Z. Xiaoxin Shao Wenxin Guo

At L'Oréal Groupe, we're not just creating the beauty of today, we're investing in the #beauty of tomorrow. Discover BOLD, the venture fund of L’Oréal Groupe and see how we're empowering the next generation of beauty disruptors. #CreateTheBeautyThatMovesTheWorld #FortuneFavoursTheBOLD

As the venture capital fund of L'Oréal, our mission is to #CreateTheBeautyThatMovesTheWorld with tomorrow’s beauty innovators 🌐 To do so, we worked with our brilliant partners for a year full of successful moments. We are happy to share some highlights. There is more to come 🚀 Follow us for the future… #FortuneFavorsTheBOLD Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Julie Pelcener Presca Ahn Filippo Principi Adeline Girou Camille Jaegle Nicholas Milosh, CPA, CA Carol J. Hamilton Marshall Gringauz Rachel Weiss Xiaolin Z. Xiaoxin Shao Xiaoshu Wang 蓝 LAN挺元 Katia Guive Balooch Guillaume Climeau Frédéric Legrand Jee Seon Park Sophie MAILLIAU Adam R. Jones Guillaume CHIABODO Kavita Angre Nadim Ghazal Baptiste Brun Raphaëlle Néré

Abolis Biotechnologies seen on BFM Business 📺 CEO Cyrille PAUTHENIER discusses with Laure Closier about how Abolis uses renewable resources to produce molecules that are an integral part of our daily lives, and the important role L'Oréal plays as a business partner in their venture🤝 #FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld   Microbiome Studio Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Julie Pelcener Presca Ahn Filippo Principi Adeline Girou Camille Jaegle Guive Balooch Guillaume Climeau Frédéric Legrand Anne Colonna Valérie Brunel Gwenael Servant

We’re excited to welcome Ami Colé to the BOLD portfolio!   As L’Oréal’s venture capital fund, we are committed to supporting visionary founders that are empowering the future of beauty for the better. New York-based Ami Colé, founded by Diarrha Ndiaye, is doing exactly that – championing inclusivity with high-performance beauty products designed for women of color.   Since its launch in 2021, Ami Colé has quickly started setting new standards for the industry. In 2024 continuing its impressive performance with 75% year-on-year revenue growth, a growing line of over 20 original products, and Sephora footprint expansion in the United States and Canada.   BOLD investment will support Ami Colé to bring this brand to an even larger audience. “We are excited to announce our partnership with L’Oréal through their venture capital fund, BOLD,” Diarrha says on the partnership. “This union will enable the brand to continue propelling as a force demanding change and amplifying voices that have been left unheard.”   Our investment in Ami Colé underscores BOLD’s mission to empower innovative brands that are driving positive change. Together, we are helping L’Oréal create the beauty that moves the world – where every voice is heard, and beauty is truly for all.   #FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Presca Ahn Baptiste Brun Julie Pelcener Filippo Principi Tony Khajenouri Adeline Girou Camille Jaegle Nicholas Milosh, CPA, CA, Carol J. Hamilton Rachel Weiss

Welcome Abolis Biotechnologies to the BOLD portfolio! We’re proud to have been one of the leading investors in a financing round for the biotech startup that’s empowering the transition to more sustainable production models. Based in France, Abolis taps into the power of biotechnology and the unexplored potential of microorganisms to provide companies with tailor-made, eco-friendly solutions. Through their innovative approach, the startup develops materials, including ingredients, that are kinder to the planet and promote a more circular economy. Now, with BOLD’s support, that partnership has developed into a tri-party agreement between Abolis, L'Oréal and Evonik (specialty manufacturer and long-term partner of L’Oréal). The three will work together to discover, develop and manufacture sustainable ingredients for beauty products. The latest news ushers in a new strategic phase in L’Oréal’s collaboration with Abolis. The two originally partnered in 2019 and continued their work with the launch of an extended lab in 2022. This development exemplifies BOLD’s role in supporting L’Oréal’s purpose, including advancing L’Oréal for the Future commitments, most notably in prioritizing bio-based ingredients in its beauty formulations. By combining innovative biotech with L’Oréal’s beauty expertise, we’re reimagining the future of our industry to #CreateTheBeautyThatMovesTheWorld. #FortuneFavorsTheBOLD Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Julie Pelcener Presca Ahn Filippo Principi Adeline Girou Camille Jaegle Guive Balooch Guillaume Climeau Frédéric Legrand Cyrille Pauthenier Valerie Brunel Gwenael Servant

Welcome to the future of sustainable beauty 🚀 Five years ago, Debut  Founder and CEO Joshua Britton came up with a game-changing idea for ingredient development while researching his PhD. Five years later, the company’s approach to ingredient creation is redefining what’s possible for cosmetics. The San Diego-based company’s proprietary biotechnology platform harnesses enzymes to create sustainable, high-performance ingredients for cosmetics that are better for the planet, and superior in quality. That’s where BOLD comes in with key support and collaborative opportunities with L'Oréal. In a recently announced partnership, the two are set to develop over a dozen bio-identical ingredients for beauty and personal care products. This collaboration also prioritizes sustainability by preserving biodiversity and securing responsible supply chains. By keeping its unwavering focus on producing bio-based ingredients at the necessary volume and quality, Debut strategically complements L'Oréal's global R&D efforts. That also entails playing a key role in advancing its L'Oréal for the Future sustainability goals. Through Debut’s unique biomanufacturing processes, cosmetics are not only safer, more effective and even hyper-personalized to consumers’ unique needs; products align with the Group’s environmental commitments, including preserving biodiversity, securing responsible supply chains and promoting a circular economy. At BOLD, we back visionaries like Debut, transforming the beauty industry and defining its future. With Debut and our portfolio companies, we’re not just stepping into tomorrow—we’re shaping it. #FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Julie Pelcener Presca Ahn Adeline Girou Filippo Principi Camille Jaegle Adam R. Jones Guive Balooch Laura Ziv

Innovation thrives at the intersection of bold ideas and industry expertise. That’s exactly what we have with BOLD portfolio company Zuvi Inc. and L'Oréal Professionnel Paris launch the AirLight Pro. This incredible technology is now launching across salons across the US and France, and then roll-out internationally. The AirLight Pro is the product of Zuvi’s innovative LightCare™ technology paired with the expertise of over 100 engineers, designers, hairdressers, and scientists from L'Oréal’s Research & Innovation Division. This groundbreaking tool harnesses infrared light and high-speed wind for a more efficient drying experience, leaving hair smoother, shinier and healthier – and reducing energy consumption by up to 31% compared to traditional methods. And the next-generation hair dryer is already making waves in the beauty industry: 🏆 ELLE Magazine : Recognized in the 2024 Tools and Treatments Awards for its ability to cut drying time without compromising hair health. Read here: https://lnkd.in/eCwzegY ✨ Harper's Bazaar : Praised for its innovative approach to at-home treatments, blending style, sustainability and inclusivity. Read here: https://lnkd.in/gsWvHi_t 🚀 CES 2024: Showcased as a tech innovation, demonstrating its impact both within and beyond the beauty world. Read here: https://lnkd.in/gjpp5UBc At BOLD, we’re proud to champion this kind of collaboration – one that’s setting new standards and championing the future of beauty based on innovation, sustainability and expertise. #FortuneFavorsTheBOLD Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Presca Ahn Julie Pelcener Filippo Principi Adeline Girou Camille Jaegle Guive Balooch Adrien Chretien Aldina Suwanto JP Roby Louise Millon de La Verteville Iqra Zia Xiaoxin Zhang Xiaolin Z. Mingyu Wang

What’s one thing our portfolio companies all have in common? They’re first in line when it comes to industry-changing innovation. BOLD portfolio company CARBIOS was published in Nature Portfolio, one of the world’s most influential scientific journals. The article explores a new process for developing plastics that automatically biodegrade. By embedding enzymes in polylactic acid (PLA) plastics, items will rapidly degrade under the right composting conditions. Materials remain intact during long-term storage, making this solution ideal for commercial packaging applications (e.g., packets, capsules, food containers). In other words, Carbios continues to spearhead cutting-edge innovation to develop eco-friendly packaging solutions that are kinder to the planet, without compromising on quality. “As Carbios expands its portfolio of enzymatic solutions beyond PET, enzyme-embedded PLA represents a major leap forward, addressing a critical gap in the market for compostable plastic,” says Emmanuel LADENT 🌏 CEO CARBIOS. This isn’t the first time Carbios’ groundbreaking work has appeared in Nature; in 2020, the journal highlighted the company’s innovative work in PET biorecycling technology. With this latest article, Carbios underscores its leading position in improving plastic recyclability. Huge congratulations to Carbios for this amazing advancement, and we’re excited to see what’s next for the BOLD portfolio company! Read article here: https://lnkd.in/esirf3rN #FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld. Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Julie Pelcener Presca Ahn Filippo Principi Camille Jaegle Adeline Girou Pascal Bricout 🌎 - Carbios Caroline Venel Brice Andre

💥 In with a Big Bang! We’re thrilled to see L'Oréal's Big Bang Beauty Tech Innovation Program officially active across all our North Asia markets. First launched in Mainland China in 2020, Big Bang embraces open innovation to develop beauty solutions with startups and innovators. Its expansion to Japan and Korea in 2023, followed by recent launches in Hong Kong SAR and Taiwan Region, underscores L’Oréal’s commitment to spearheading cutting-edge beauty solutions. The spirit of partnership and commitment to innovation that guides us at BOLD is also a key part to the Group’s program. Big Bang  aims to foster the co-creation of innovative products and experiences, connecting emerging beauty startups with L’Oréal experts. So how did the Big Bang program get so big? Thanks to these key milestones: 🚀 2021: •  Partnered up with Oriental Beauty Vally •  Partnered up with Business France and established French Track under Big Bang China   •  Enriched with investment (Meicifan) and youth (Youth Bang) 🥇 2023: •  Expanded its scope to include AI and sustainability as transversal topic •  Signed as a Sino-French strategic partnership project during French president Macron's visit to China •  Launched in Japan and Korea, with announcement and MOU signing with MSS at Viva Tech. 🎉 2024: •  Rollout to Hong Kong SAR and Taiwan Region, ensuring coverage of all North Asia markets •  Rollout to SAPEMNA and became the first group open innovation project worldwide A key strength of Big Bang is that each market has a unique approach and the opportunity to choose themes tailored to local consumers. L’Oréal Japan broadened its reach to embrace cutting-edge technologies for both skin and haircare. L’Oréal Korea launched a new digital track dedicated to exploring the vast potential of AI, alongside its established R&I efforts. L’Oréal Taiwan champions sustainability through its "Green Beauty Consumer Journey" and a circular economy approach. L’Oréal Hong Kong centered its efforts around "Customer Experience Transformation," concentrating on the development of “smart” retail experiences. Big Bang is a crucial platform for BOLD to discover the rising stars of the beauty world. We aim to partner with startups that will support L’Oréal’s mission and help promising beauty tech ventures make their mark. Read more here: https://lnkd.in/eGhb6CNU #FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld #LorealNorthAsiaBigBang #BeautyTech Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Presca Ahn Julie Pelcener Camille Jaegle Adeline Girou Filippo Principi Xiaoxin Shao Xiaolin Z. 蓝 LAN挺元 Katia Pankaj Gupta Maxime De Boni Jee Seon Park Yezi Li Vân Nguyen Morgan Acas Sylvaine Hermans Helen Leung Jannis Tang Robert Chang Shelly Chiang Sun (Sun-Young) Lee Aika Nanao Eriko Muteki Ayumi HAYASHI Hirohisa Taniguchi