Olaplex Makes Strategic Investment In Arcaea

Olaplex Holdings Inc OLPX has made a strategic investment in the beauty company, Arcaea, during the third quarter of 2021. The financial terms were not disclosed.
Arcaea will grow new ingredients and product experiences for beauty by leveraging technology, such as DNA sequencing, biological engineering, and fermentation.
Arcaea has raised $78 million in Series A funding from a consortium of strategic and financial investors, including Cascade Investment L.L.C., Viking Global, Olaplex, Chanel, Givaudan, and Wittington Ventures.
Price Action: OLPX shares traded higher by 1.42% at $19.98 on the last check Friday.

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