2025年美妆投融资:资本转向上游原料与合成生物

DoNews
Dec 02, 2025

据青眼不完全统计,2025年1-11月,国内化妆品相关领域共发生71起投融资、收并购事件,其中43起涉及原料企业,占比超60.6%,而美妆品牌商仅14起,不足两成。欧莱雅集团对纯净护肤品牌LAN兰的少数股权投资,成为当月唯一公开的美妆品牌融资案例,其余均为上游企业获投。获得融资的美妆品牌中,First Cover由一在1月获亿元级天使轮投资,4月凯辉消费共创基金入股其母公司;朱栈于5月完成近亿元...

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