About Waldencast
Waldencast, an accelerator and incubator program founded in 2019, is based in White Plains, United States. With a presence in 3 countries, it has supported around 7 startups in sectors like Retail, Consumer. As of Oct 2026, Waldencast has witnessed 1 portfolio exit. Most notable companies in
its portfolio include C16 Biosciences, Manual and Sallve. The program is backed by a team of 6 people who primarily support Seed startups based in United States. Its latest investment was a $30M Series A round in Manual on Mar 11, 2021, which also saw participation from Sonoma Brands Capital and Felix Capital.
Key Metrics
Founded Year
2019
Location
White Plains, United States
Portfolio Companies
Stages of Investment
Seed & Series A
Locations of Investment
Waldencast's List of Top Investments
Waldencast has a portfolio of 7 companies. Their most notable investments are in Sallve and The Nue Co.Their portfolio spans across United States, United Kingdom and Brazil. They have invested in Retail, Consumer, High Tech and 5 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Waldencast:Biodesigning high-performance ingredients for consumer goods, enhancing health and sustainability. The company is a biotechnology firm that develops and manufactures sustainable alternatives to traditional ingredients used in the beauty, personal care, and food industries. They utilize a proprietary biomanufacturing platform to produce high-value, high-impact ingredients like oils and fats. These ingredients offer enhanced performance, supply chain resilience, and reduced environmental impact. The company partners with brands and manufacturers to create products that meet consumer demand for health, wellness, and planetary well-being. Their Palmless™ platform delivers ingredients that are safe, effective, and sustainably sourced, addressing concerns related to supply chain volatility and regulatory requirements. This is a B2B company with a focus on sustainability and social impact.
Key facts about C16 Biosciences
- Founded Year: 2018
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $29.1M
- Employee Count: 26 as on Aug 31, 2026
- Investors: AME Cloud Ventures, For Good Ventures and 22 Others
- Latest Funding Round: Grant (prize money), Jan 24, 2024, $*****
- Highlight: Editors' Pick
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2. Manual
Manual provides diagnostics, treatments, and ongoing care for men's health. The company has built teleconsultation product and have different applications for the blood test offering. It also offers tools where people can monitor their progress and have regular check-ins with its medical team.
Key facts about Manual
- Founded Year: 2016
- Location: London (United Kingdom)
- Annual Revenue: £100M - £500M as on Dec 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $75.1M
- Employee Count: 473 as on Aug 31, 2026
- Investors: Felix Capital, Octopus Ventures and 13 Others
- Latest Funding Round: Angel, Sep 17, 2025, $*****
- Highlight: Editors' Pick

3. Sallve
Internet first brand of skincare cosmetics. Product sold is an antioxidant moisturizer which is a serum & gel for greasiness, enlarged pores, fine lines, tired dark circles and uneven tone. The moisturizer is made from a combination of hyaluronic acid, 10% nano vitamin C, vitamin E, resveratrol, caffeine, and niacinamide.
Key facts about Sallve
4. The Nue Co
Provider of probiotic and prebiotic supplements. Products offered include vitamin C supplements, energy supplements, digestive health supplements, plant protein, milk protein, probiotic and prebiotic supplements, etc. The company sells its products online.
Key facts about The Nue Co
- Founded Year: 2016
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $35.9M
- Employee Count: 20 as on Aug 31, 2026
- Investors: Trident Trust, REDO Ventures and 18 Others
- Latest Funding Round: Series B, Apr 30, 2021, $*****
- Highlight: Editors' Pick
5. Costa Brazil
Internet-first brand offering natural skincare products. The company offers body oils, skincare creams, anti-aging face oils, etc. It claims its products to be free of parabens, phthalates, silicones, sulfates, gluten, and others.
Key facts about Costa Brazil
- Founded Year: 2017
- Location: Sacramento (United States)
- Stage: Acquired
- Employee Count: 13 as on Aug 31, 2026
- Investors: Valor Capital Group, MAHR Projects and 2 Others
- Latest Funding Round: Seed, Mar 03, 2020, $*****
- Highlight: Acquired
Waldencast's Year-on-Year Investment Trends
Its most recent first time investment was in Revea and most recent follow-on round was in Manual.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 1 | 1 | 2 |
2020 | 5 | 0 | 5 |
2019 | 1 | 0 | 1 |
Waldencast's Investments by Stage
Waldencast has made 5 investments in Seed stage with an average round size of $3.5M and 2 investments in Series A stage with an average round size of $14.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series A | 2 |
Note: We have considered here, only first round of investments
Waldencast's Investments by Sector
Waldencast has a diverse portfolio, with companies operating in the Consumer, HealthTech, Retail, Consumer Goods and Food and Agriculture. Notably, it has invested in 6 Tech companies, 5 Consumer (B2C) companies and 1 Enterprise (B2B) company.Sector | No. of Investments |
|---|---|
Consumer | 4 |
HealthTech | 3 |
Retail | 3 |
Consumer Goods | 2 |
Food and Agriculture | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Waldencast's Investments by Geography
Waldencast has made most investments in United States (5), followed by United Kingdom where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 5 |
United Kingdom | 2 |
Brazil | 1 |
Note: We have considered here, only first round of investments
Waldencast's recent investments
Waldencast has not made any investment in 2026 so far.Here are the most recent investments by Waldencast:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 11, 2021 | United Kingdom | Series A | 8872 | ||
Mar 11, 2021 | United States | Seed | 7883 | - | |
Mar 10, 2020 | United States | Series A | 4067 | [+6] | |
Mar 03, 2020 | Brazil | Seed | 1827 | - | |
Mar 03, 2020 | United Kingdom | Seed | 6282 | - |
Acquired companies in Waldencast's Portfolio
1 company from Waldencast's portfolio has been acquired. The most recent acquisition was Costa Brazil in Jun 2021 by Amyris for $*****.Here are Waldencast's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 01, 2021 | Mar 03, 2020 | Seed | 1755 |
Team profile of Waldencast
Waldencast has a team of 6 members including 3 Partners and 1 Principal located in United Kingdom and United States. Waldencast's team does not sit on the board of any company as of now.Here is a list of all team members in Waldencast:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | |||
Partner | United Kingdom | - | ||
Partner | - | - | - | |
Principal | - | - | - |
Co-investors of Waldencast
Over the past 7 years, 39 investors have co-invested in Waldencast's portfolio companies. This includes funds and angels.
- Invested before Waldencast: Y Combinator, Felix Capital and 6 others have invested in rounds before Waldencast. There is 1 company where Y Combinator has invested before Waldencast and 1 company where Felix Capital has invested before Waldencast.
- Top Co-investors of Waldencast: 9 investors entered a company along with Waldencast. These include investors like DCVC (1 company).
- Invested after Waldencast: A total of 22 investors have invested in Waldencast's portfolio after their investments. Top Investors include Waldencast (2 companies) and Gates (1 company).
Recent News related to Waldencast
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Waldencast plc to Delist from Nasdaq and Rename to Milk Makeup plcGlobeNewswire•Sep 14, 2026•Waldencast
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Waldencast Completes Sale of Obagi Medical to Bridgepoint for Up to $460MGlobeNewswire•Jul 31, 2026•Waldencast, Milk Makeup, Bridgepoint Capital
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Waldencast plc Notified by SEC Staff of Conclusion of InvestigationGlobeNewswire•Apr 29, 2026•Waldencast
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Waldencast Reports Mixed Q2–q3 Performance As Obagi Accelerates And Milk Makeup SoftensGlobal CosmeticNews•Nov 27, 2025•Waldencast
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Waldencast Announces FDA Approval of Obagi saypha MagIQ Injectable HA GelGlobeNewswire•Sep 10, 2025•Waldencast

