Leerink Swann, Polaris Invest in $30M Round for Living Proof
Living Proof, a hair care products maker based in Cambridge, announced on Thursday it has raised $30 million of venture capital in a deal led by Leerink Swann that included participation from Polaris Partners and the Pohlad Family Capital Fund.
“In addition to accelerating market penetration, this major financing will give us the fuel we need to continue our original vision: bringing together some of the most brilliant scientists in medicine to create proprietary beauty products that truly work,” said Living Proof co-founder and board chairman Jon Flint, who is also co-founder and general partner at Polaris Partners.
Living Proof was founded by Jon Flint and Amir Nashat of Polaris Partners and Dr. Robert Langer, Institute Professor of MIT, who earlier this month was awarded the 2013 Presidential Medal of Technology and Innovation by President Obama.
Its products are sold at salons, Sephora, Ulta, Nordstrom, QVC and at Livingproof.com. Internationally, its products can be found at Space NK in the U.K. and Mecca in Australia and New Zealand.
Living Proof recently launched its first national marketing campaign with actress and entrepreneur Jennifer Aniston, a company co-owner and hair product spokesperson.