Angel Ventures Pacific Alliance Fund II invests in K-Beauty Global Distribution platform B2Link
Publicado el 10/Enero/2019
Mexico City, January 2019- Angel Ventures Pacific Alliance Fund II invested in B2Link´s latest US$15 million round, along with multiple Korean venture capital companies that include Premier Partners, POSCO Capital, Delta Investment, Korea Development Bank, Cape Investment & Securities and Kolmar Korea Holdings.
B2Link has attracted a cumulative investment totaling US$24 million. It has been rated as having secured a pool of investors, which can provide for strategic aid to the company, such as Angel Ventures, DT Capital, KTB China and Kolmar Korea Holdings. B2Link is a B2B platform that distributes Korean beauty brands to global retail channels in the most effective way possible. By combining IT with distribution, the Company currently supplies 85 brands and 500 products/SKUs to 60 retail partners. "The growth momentum of K-beauty brands is stagnating in China, so the number of cosmetics partners seeking breakthroughs by collaborating with data and IT-based distribution service of B2Link keep increasing. It will become a new standard for cosmetics distribution in the future. " said Lee So-hyung, CEO of B2Link.
Hernan Fernandez, Managing Partner of Angel Ventures, stated “B2link is disrupting the way Korean Beauty supplies are reaching the market. Through AI and Big Data, the company is able to offer a highly curated selection of brands to its retailers. Latin America has one of the largest per capita expenditures in Health and Beauty products (adjusted to PPP), and the cool, innovative approach of Korean Beauty in our region will be a sure hit.”
About Angel Ventures Angel Ventures (angelventures.vc) is a venture capital firm focused on early stage investments with high growth potential in the Pacific Alliance region (Mexico, Chile, Colombia, Perú). AV emerged from the clear lack of funding opportunities in the early-stage sector with the mission to bolster the development of startups by linking them with strategic investors. Currently, AV has invested over USD 40 million through its Angel Ventures Coinvestment Fund I and SPVs, and has made a first closing of their second fund, the official Pacific Alliance Fund. This new fund has a USD 120 million target size to be invested in the fintech, retail, health, ICTs, and BoP/Agro sectors.
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