When it comes to the beauty industry, skincare remains the leading sector. Consumers are more conscious about their wellness and actively educate themselves about healthy skincare routines and ingredients. However, with dozens of beauty brands, it is still difficult to find the right products that work for everyone. Therefore, consumers are increasingly seeking solutions targeted to their specific needs.
Beauty startup Lillycover aims to create a personalized skincare service that matches the right ingredients to each individual. In order to do this, they created a portable skin device for skin diagnosis and plasma management called MUILLI. In August, Lillycover raised $4 million for their Series A round led by POSCO Capital, TBT Partners, IBK, KITE Entrepreneurship Foundation, and more.
Personalization in the beauty space is all about tailoring skincare products for consumers since everyone’s skin and conditions are different. Before, consumers had to pay a lot of money for custom products from a dermatologist or other skin specialist. Now, brands work together with dermatologists and use innovative technologies to create customizable products for consumers.
The best part is that consumers can test their skin every month to see how it changes depending on the season. Analyzing your skin with MUILLI is very straightforward and only takes a few minutes. MUILLI has the potential to build a massive database for all demographics, geographies, and lifestyles over time.
Enima is Lillycover’s unique smart factory system which provides a new type of retail business model for personalized beauty and cosmetics with its personalization for consumers at all levels. It is compact (140x139x195cm) and easy to install. The system can be monitored and controlled remotely. Moreover, the smart factory system is sterilized by Lillycover’s plasma technology.
The manufacturing process is simplified due to the fact it uses a robotic arm and requires very limited human assistance. Consumers’ feedback is incorporated to allow for a highly interactive skincare journey. With Enima you get customized cosmetics all from a centralized control system.
“The convergence between big data and AI technologies realized by Enima creates hands-on skin diagnostics and high levels of customization for cosmetics’ recipes and production.”
— SunHee An, CEO & Founder of Lillycover
Lillycover is a part of the NX NIVEA Accelerator program which is led by the German skincare giant Beiersdorf. The beauty accelerator program aims to innovate and revolutionize the beauty industry by collaborating with beauty startups from South Korea.
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