Indonesian cosmetic brand NAMA Beauty raises $5m led by AC Ventures 

NAMA Beauty’s co-founder Indonesian celebrity Luna Maya. Source: NAMA Beauty.

NAMA Beauty, a direct-to-consumer cosmetic brand co-founded by Indonesian celebrity Luna Maya, has bagged $5 million in a seed round led by Indonesian venture capital firm AC Ventures.

Other investors that participated were SiCepat and NFC Indonesia’s subsidiary DMMX, both of which support logistics and distribution startups.

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