HomeGermany-StartupsBerlin-based beauty subscription GlossyBox secures funding from Access Industries

Berlin-based beauty subscription GlossyBox secures funding from Access Industries

Berlin-based beauty subscription GlossyBox, the BirchBox copycat backed by the Samwer brothers, has recently received an investment from Access Industries, an investment company backed by the American billionaire Leonard Blavatnik.

According to Deutsche-Startups.de, Access Industries purchased a stake of roughly 7% of GlossyBox. Earlier this year, Access Industries invested in two other Samwer-backed startups: Pinspire (a Pinterest clone) and Westwing. After this recent investment by Access Industries, Rocket Internet, the startup incubator run by the Samwer brothers, remains an owner of 57.5 % of GlossyBox.

The simple concept behind BirchBox and its clone GlossyBox is a subscription model of around €10 per month in exchange for a selection of beauty samples. GlossyBox was founded in March 2011 and its subscription-based service is already available in over 20 countries, including Germany, France, Spain, Italy, UK, Brasil, and the US. Earlier this year, GlossyBox acquired MonCoffretBeaute.fr, a French website which, like GlossyBox, offers beauty samples on a subscription basis. This could enable Glossybox to play a more dominant role within the French market. A big competitor, not only in France, is also Joliebox, which secured €1 million in October of 2011 and acquired the Spanish version of these beauty boxes, called Glamourum, last month.

Rumours say that the fresh capital from Access Industries will be used for a major roll out of GlossyBox in the US market. By the way, Quentin Vacher, Joliebox’s CEO, stated last month that his company also plans an expansion into the US.

By the way: You can find out about other interesting startups from Berlin in this list.

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).
RELATED ARTICLES

Most Popular