Lico cosmetics closes a round of one million euros with Bewater, which takes 15% of the company

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MADRID, 5 Jul.

MADRID, 5 Jul. (EUROPA PRESS) -

The Andalusian 'startup' Lico, dedicated to the cosmetics sector, has closed this Wednesday its first round of financing for an amount of one million euros with the management company Bewater, which has acquired 15% of the company in the operation.

Through a press release, the company has detailed that this investment "consolidates and promotes the growth and expansion strategy in new markets of the Andalusian startup, which, in addition to its own R&D, has an e- own store".

"Our commitment is to continue taking exceptional care of the skin [...] developing treatments with proven efficacy", added its founder, Estefanía Ferrer.

Lico, founded three years ago, billed two million euros last year and plans to double its business volume by 2023.

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