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Recently Funded|Amount: USD 5.3M|Industry: Personal Care Product Manufacturing

LXMI Secures $5.33 Million in Seed Funding to Empower Women and Elevate Skincare with Rare Ingredients

Laxmi

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2-10 employees employees (Est.)
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LXMI, the innovative skincare brand dedicated to empowering women and harnessing the extraordinary potential of rare botanical ingredients, is thrilled to announce a successful funding round of $5,330,000. This significant investment will fuel LXMI’s mission to redefine luxury skincare through sustainable practices and social responsibility. Founded by Leila Janah, LXMI is known for its star ingredient, Nilotica Reserve™—a rare shea butter sourced from the pristine Nile River Valley. Each jar not only delivers potent hydration and rejuvenation to your skin but also supports marginalized women in East Africa, offering them dignified employment and a fair wage that is at least three times higher than local averages. With these new funds, LXMI aims to expand its reach, enhancing production capabilities and increasing the sourcing of rare ingredients while continuing to support its core ethos of #givework. As the brand continues to prioritize impactful sourcing, its commitment to social change remains unwavering. The funding will also empower LXMI to amplify awareness regarding the importance of ethical beauty in an increasingly environmentally conscious market. The brand promises that the financial growth will directly benefit local communities, helping combat systemic issues like childhood malnutrition and human trafficking, while delivering luxury skincare products that truly make a difference both on the skin and in society. As LXMI moves forward with its mission, it remains devoted not only to the beauty of its consumers but also to the beauty of the world we share.
October 24, 2024

Buying Signals & Intent

Our AI suggests Laxmi may be interested in solutions related to:

  • Sustainable Packaging
  • Fair Trade Ingredients
  • Cruelty-Free Products
  • Organic Skincare
  • Beauty Accessories

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