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Beauty Industry

Perfect Corp. Closes $25 Million Series A Funding

The beauty app developer continues cutting-edge development

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By: Jamie Matusow

Editor-in-Chief

Perfect Corp., a beauty industry app developer, has announced a Series A investment of $25 million led by China Creation Ventures and joined by Yuanta Asia Investment, Extol Capital and CyberLink Corp. The financing will be used to continue the development of Perfect Corp.’s mobile app suite that uses augmented reality (AR) and artificial intelligence (AI) to transform how consumers enjoy and interact with beauty products.
 
More than 500 million app downloads and excitement around the potential for AR and AI to revolutionize how consumers try and buy beauty products, has led to Perfect Corp. partnering with more than 150 global brands, including Estee Lauder, Yves Saint Laurent, L’Oréal Paris, MAC Cosmetics, and Macy’s.
 
“We are thrilled to be working together with a great group of investors who share our vision of going beyond existing beauty industry models to bring a consumer experience that’s fresh and exciting,” said Alice H. Chang, CEO of Perfect Corp. “Capital investment will drive further development of the cutting-edge applications that have attracted the attention of leading beauty brands, retailers, makeup experts, and media outlets around the world.”
 
Apps are available for free download on the Apps Store and Google Play.

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