HomeFundingGlossyBox, a German beauty subscription box, secures funding from Kinnevik

GlossyBox, a German beauty subscription box, secures funding from Kinnevik

GlossyBox, the German BirchBox clone by the Samwer brothers, has recently received fresh funding from investment firm Kinnevik.

The Swedish investor now owns about 6% of this subscription box startup, although the terms and concrete numbers of the deal were not disclosed yet. Holtzbrinck Ventures, which was an earlier investor of the Berlin-based copycat company, also holds about 2%.

GlossyBox, which is affiliated with the startup incubator Rocket Internet, was founded in March of this year. The simple concept of GlossyBox is a subscription model, where users spend around €10 per-month for monthly beauty samples. The startup already offers its subscription-based model to users in Germany, UK, Brasil, France and South Korea.

The next locations for GlossyBox’s international expansion are most likely going to be Spain, Italy, Austria and Switzerland. The startup has already created holding pages for these countries where you can type in your email address in order to be notified when the site officially launches.

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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