LICO Cosmetics (Laboratorio de Ingeniería Cosmética) formulates, develops and commercializes cosmetic treatments that address skin problems, operated by a team of women engineers. Founded three years ago by Estefanía Ferrer, the company combines in-house R&D with a direct-to-consumer ecommerce. To date it has created and launched 11 unique products and emphasizes R&D and customer care as its key differentiators. The startup reported revenue exceeding €2 million last year, grew over 450% in its second year, and registers monthly growth above 10%. It has a community of more than 20,000 “licolovers” and a repeat-purchase rate above 40%. LICO plans to double revenue in 2023 and expand R&D to develop six additional effective references while scaling into new markets.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2023