By Chalida Ekvitthayavechnukul
Memebox, a Korean online beauty marketplace startup, has closed a $35-million Series D round led by new strategic investor JJDC Inc, according to the company’s announcement last Thursday. This round marks the Korean startup’s first strategic investment and brings its total funding to $190 million. Memebox said that it will work with JJDC, the venture capital arm of Johnson & Johnson, to access the global market. “We want to build the next generation of personal care brands by leveraging Korean technology across beauty categories… We will leverage JJDC’s global capabilities and scientific expertise which will enable us to take a big step forward in our focus on innovation, R&D, and ultimately, reaching a global audience,” said Memebox founder and CEO Hyungseok Dino Ha.
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