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Uncover raises $1.4m in Seed II funding led by EQ2 Ventures and IgniteXL Ventures to expand skincare brand across Africa and beyond.

PRIVATEJul 15, 2024

Amount Raised

$1.4 Million

Round Type

Seed

NairobiHealth CareE CommerceFashionBeautyLifestyleCosmetics

Investors

Altree CapitalSamata CapitalChui VenturesIgnite Xl VenturesEq2 Ventures

Description

Uncover, a data-driven women’s skincare brand based in Kenya, has closed a $1.4m Seed II funding round. The round was led by EQ2 Ventures and IgniteXL Ventures, with participation from Chui Ventures, Samata Capital and Altree Capital. The funding will be used to further build their tech platform, launch new products, expand to new markets, and continue to leverage data to build the leading skincare brand for melanin-rich skin.

Quick answer

Uncover raised $1.4 Million in a Seed round, dated July 15, 2024. Investors: Altree Capital, Samata Capital, Chui Ventures, Ignite Xl Ventures and Eq2 Ventures. Uncover is based in Nairobi, Nairobi County, Kenya.

How much did Uncover raise?
Uncover raised $1.4 Million in a Seed round on July 15, 2024.
Who invested in Uncover?
Altree Capital, Samata Capital, Chui Ventures, Ignite Xl Ventures and Eq2 Ventures are named as investors in this round.
What does Uncover do?
UNCOVER is revolutionizing self-care in Africa as a leading skincare company, dedicated to empowering women through innovative products and educational content.
Where is Uncover based and how big is it?
Uncover is based in Nairobi, Nairobi County, Kenya. Fundz records about 51 employees.
Who are the decision-makers at Uncover?
Fundz holds 1 contact at Uncover. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in E Commerce and Fashion around the same time

Companies in the same sectors as Uncover that raised within 45 days of this round, from Fundz verified event records.

  • Moxie Beauty raised $2.1M (Angel) on July 29, 2024.
  • Summer Fridays raised $15M on July 26, 2024.
  • 82°E raised $6M (Seed) on June 10, 2024.
  • Powder Beauty raised an undisclosed amount (Pre-Series A) on August 26, 2024.
  • Luna Daily raised an undisclosed amount on July 8, 2024.
  • RŌZ raised an undisclosed amount (Seed) on August 12, 2024.

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Company Information

Company

Uncover

Location

Nairobi, Nairobi County, Kenya

About

UNCOVER is revolutionizing self-care in Africa as a leading skincare company, dedicated to empowering women through innovative products and educational content. At UNCOVER, we're driven by a data-centric approach to tap into the vast potential of the African self-care market. Our commitment to excellence is evident in our collaboration with top skincare labs in Korea, known for pioneering innovation. Our mission at UNCOVER is to inspire, support, and educate women on their journey to optimal health and well-being. Join us as we redefine self-care and become the trusted choice in skincare across Africa

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