Stockholm-based skincare startup Mantle recently announced a significant boost in funding, raising £2.4 million in an investment round spearheaded by British venture capital firm Venrex. This latest injection of capital, which brings the company’s total funding to £6.9 million, underscores the growing confidence in Mantle’s mission and product offerings.
Founded by Josefin Landgård, also known for her involvement in digital healthcare unicorn Livi, Mantle has quickly emerged as a leader in the skincare industry. The company prides itself on crafting clean and clinical formulations that harness the power of innovative biomimetic ingredients. Led by a team comprising 95% women, Mantle has set out to redefine beauty standards while delivering visible results without compromising on gentleness.
With this latest round of funding, Mantle aims to further expand its presence across Europe, including the UK where it has already garnered acclaim as one of the most promising newcomers in skincare. The company also has ambitious plans for market entry into the US, Germany, and the Netherlands in the near future. Additionally, the investment will fuel Mantle’s research and product development endeavors conducted in its own state-of-the-art lab in Sweden.
Josefin Landgård, CEO and co-founder of Mantle, expressed enthusiasm and said: “It feels fantastic to enter the year with Venrex as new shareholders. Their backing is testament to the brilliant company that we have built so far, and the immense potential to grow from here.
“We started Mantle to change the narrative around beauty, empowering women to embrace life and the traces it leaves on our skin. We do this by providing innovative and world-class formulas rooted in science and feel honoured to see our customers coming back to Mantle time and time again. With Venrex on board we look forward to further expanding our footprint and bringing transformative formulations to more customers across Europe and in the US.”
Mantle’s success story is marked by its unwavering customer focus and innovative approach to ingredient combinations and delivery methods. Tom Fleming, founder and partner at Venrex, added: “We are excited to join Mantle’s journey as new shareholders. Venrex looks to back exceptional founders who meet the needs of modern consumers in innovative and tech-forward ways. “We have been impressed by the cult following Mantle has built in Scandinavia, driven by their relentless customer focus and their transformative approach to ingredient combinations and delivery. We are confident in their ability to build their customer base and business elsewhere in Europe, and beyond.”
Mantle’s products, including the award-winning ‘The Bare Balm’, ‘The Dream Mask’, and ‘The Glow Serum’, have resonated with consumers seeking effective and trustworthy skincare solutions. The company’s commitment to science-backed formulas and female leadership has fueled its impressive growth trajectory, with a retention rate driven by repeat purchases and demand for new launches.
Available through its website and select premium retailers like Selfridges and Le Bon Marché, Mantle’s product range spans from face moisturizers, masks, and serums to intimate care products, body creams, and scrubs. The company recently expanded its reach through a partnership with luxury hotel and members’ club Estelle Manor, further solidifying its position in the skincare market.
As Mantle continues to navigate the competitive landscape of the skincare industry, its dedication to innovation, female empowerment, and customer satisfaction positions it for continued success and global impact. With a clear vision for expansion and a steadfast commitment to its core values, Mantle is poised to lead the way in clean and clinical skincare.