South Korean cosmetics manufacturer E.CIS Comestic has raised an undisclosed sum from CDIB Capital while Australia-based analytics startup Culture Amp has raised $40 million in a Series D round led by Blackbird Ventures.
CDIB Capital backs S Korean cosmetic company
South Korea-based cosmetic manufacturer E.CIS Comestic has raised an undisclosed sum from CDIB Capital, the private equity arm of Taiwan’s China Development Financial, said an announcement by CDIB on July 19. This is the firm’s second South Korean deal, the first one being L&P Cosmetic, announced last April.
Chairman and CEO of CDIB Capital, Lionel de Saint-Exupéry commented: “We are excited to be investing in ECIS, on the back of our recent investment in L&P Cosmetic, the top South Korean facial mask brand. We have witnessed the phenomenal growth of cosmetic contract manufacturers in South Korea driven by their strong value propositions, including product innovation abilities and short time-to-market. ECIS is uniquely positioned to capture both Asian demand, especially in China, and an expanding international client base.”
Other portfolio companies of CDIB Capital include outdoor sporting goods retail plarfrom Tutwo (Xiamen) Outdoor, Taiwanese fitness franchise World Fitness Services, Chinese IT service provider BEST Inc., global tea and coffee retailer The Coffee Bean & Tea Leaf, Chinese furniture e-commerce platform Meilele, Taiwanese broadcaster EBC and more.
Australian Culture Amp secures $40m Series D led by Blackbird Ventures
Australian analytics startup Culture Amp has closed a $40-million Series D round led by Blackbird Ventures, it said in its blog recently.
The round was also joined by existing investors Felicis Ventures, Index Ventures, Sapphire Ventures, Australian billionaire Scott Farquhar and wife Kim Jackson’s Skip Capital. New investors in the round include Grok Ventures, with Atlassian co-founder Mike Cannon-Brooke’s superannuation fund Hostplus.
The fresh capital will be used to grow its global team and further invest in Culture Amp’s analytics tool. It focuses on analytics technology that helps enterprise customers manage staff morale and performance.
The startup was launched in 2011 and is now working with over 1,500 companies to help drive organisational change and performance. It has offices across Melbourne, New York, San Francisco and London.