Three Ships Beauty is a Canadian-made skincare company that formulates science-backed, plant-derived products without fillers or harsh chemicals and packages in 100% recyclable materials. The brand emphasizes transparency and sustainability across product sourcing and packaging, and has built notable retail momentum including expansion into Whole Foods locations across North America in 2023. In 2023 the company achieved profitability and reported 65% growth in total revenue. Early 2024 product launches have driven strong demand—its First Light Vitamin C + Caffeine Eye Cream sold one unit every 30 seconds on launch day—and several hero SKUs have repeatedly sold out. The company plans to use new funding to expand further in the U.S., invest in brand and growth marketing, and make strategic hires to scale retail and e-commerce operations. Three Ships Beauty is a science-backed, affordable clean-beauty skincare brand that sells through retailers including Whole Foods, Hudson’s Bay, The Detox Market, Credo Beauty, Indigo and Holt Renfrew. The company recently expanded its product line with the Skin Hero Bakuchiol + Calendula Bio-Retinol Serum and launched three products this year with six more slotted for 2023. Three Ships reports a repeat purchase rate that is double the beauty industry average. Founders say the brand prioritizes sustainably sourced and upcycled ingredients, clinical and scientific backing, and accessible pricing. The company has invested in building its leadership team (including a recently hired director of marketing) and plans to add a senior manager of North America sales in Q1 2023. Raised capital is being used to double down on high-ROI marketing channels, accelerate product development, support retail growth, and provide working capital for continued expansion.

Total raised

$4M

Funding rounds

2

Latest round

Equity

Latest activity

May 2024