AV

Avon Ventures

North America, Massachusetts, United States, Boston

Description

Avon Ventures is the corporate venture capital arm of Natura &Co, a global beauty group that includes brands like Avon, The Body Shop, and Aesop. Based in Boston, Massachusetts, the firm strategically invests in early-stage companies operating within the beauty, wellness, and direct-to-consumer (DTC) sectors. Its primary objective is to identify and support innovative startups that align with Natura &Co's broader business interests, fostering potential synergies and future growth opportunities for the parent company. This strategic alignment allows Avon Ventures to offer more than just capital, providing portfolio companies with access to Natura &Co's extensive industry expertise, distribution networks, and market insights.

The firm typically targets companies in their Seed and Series A funding rounds, demonstrating a commitment to nurturing emerging brands from their foundational stages. Avon Ventures seeks out businesses with strong growth potential, disruptive technologies, or unique approaches to consumer engagement within its specified verticals. While specific check sizes are not publicly disclosed, analysis of their participation in various funding rounds suggests that their typical first investment ranges from approximately $500,000 to $4,000,000. This range positions them as a significant early-stage investor capable of providing meaningful capital to accelerate startup development.

Avon Ventures has built a notable portfolio of promising brands. For instance, they participated in the $9 million Series A round for The Honey Pot Company, a plant-derived feminine care brand, and the $10 million Series A round for Bubble Skincare, a Gen Z-focused skincare line. Other investments include Act + Acre, Saie, and Topicals, all reflecting their focus on innovative and consumer-centric beauty and wellness solutions. As of early 2024, Avon Ventures has made over 10 investments, with a focus on supporting companies that are poised to redefine the beauty and wellness landscape through product innovation, sustainable practices, or novel distribution models. Their role as a strategic investor provides a distinct advantage for entrepreneurs seeking not just funding, but also a pathway to potential collaboration with a global industry leader.

Investor Profile

Avon Ventures has backed more than 30 startups, with 0 new investments in the last 12 months alone. The firm has led 1 rounds, about 3% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Cayman Islands.
  • Strong thematic focus on Cryptocurrency, Blockchain, FinTech.
  • Typical check size: $500K – $4M.

Stage Focus

  • Series A (43%)
  • Seed (23%)
  • Series B (17%)
  • Series C (10%)
  • Series Unknown (7%)

Country Focus

  • United States (73%)
  • United Kingdom (7%)
  • Cayman Islands (3%)
  • South Africa (3%)
  • Canada (3%)
  • Portugal (3%)
  • Singapore (3%)
  • Puerto Rico (3%)

Industry Focus

  • Cryptocurrency
  • Blockchain
  • Fintech
  • Financial Services
  • Bitcoin
  • Analytics
  • Software
  • Trading Platform
  • Consumer Lending
  • Web3
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Avon Ventures frequently co-invest with?

CMT Digital Ventures
North America, Illinois, United States, Chicago
Co-Investments: 8
Cadenza Ventures
North America, California, United States, San Francisco
Co-Investments: 3
Coinbase Ventures
North America, California, United States, Oakland
Co-Investments: 5
Morgan Creek Digital
North America, North Carolina, United States, Chapel Hill
Co-Investments: 4
BH Digital
Europe, England, United Kingdom, London
Co-Investments: 4
Digital Currency Group
North America, Connecticut, United States, Stamford
Co-Investments: 4
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 4
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 3
Castle Island Ventures
North America, Massachusetts, United States, Cambridge
Co-Investments: 10
Fidelity
North America, Massachusetts, United States, Boston
Co-Investments: 4

Which angels does Avon Ventures often collaborate with?

ME
North America, Florida, United States, Miami
Shared Deals: 1
David Krell
North America, New York, United States, New York
Shared Deals: 1
AY
North America, New York, United States, New York
Shared Deals: 1
J. Christopher Giancarlo
North America, District of Columbia, United States, Washington
Shared Deals: 2
JF
North America, Massachusetts, United States, Cambridge
Shared Deals: 1
MA
North America, California, United States
Shared Deals: 1
MD
North America, Wisconsin, United States, Milwaukee
Shared Deals: 1
NR
North America, California, United States, San Francisco
Shared Deals: 2
AA
North America, Maryland, United States, Bethesda
Shared Deals: 1
Daniel Gorfine
North America, District of Columbia, United States, Washington
Shared Deals: 2

What are some of recent deals done by Avon Ventures?

Puffer Finance

George Town, Midland, Cayman Islands

Puffer offers a platform for liquid restaking of Ethereum, enabling users increase their staking power without traditional lock-up periods.

BlockchainFinance
Series AApr 16, 2024
Amount Raised: $18,000,000
Ethena

Lisbon, Lisboa, Portugal

Ethena provides derivative infrastructure in order to transform Ethereum into the first crypto-native yield bearing stablecoin.

BlockchainCryptocurrency
SeedFeb 16, 2024
Amount Raised: $14,000,000
Pocket Network

Tampa, Florida, United States

Pocket Network is an open protocol that empowers developers with reliable, performant, and cost effective RPC access to the open internet.

BlockchainCryptocurrencyDeveloper PlatformInfrastructureIT InfrastructureSoftware
Series UnknownNov 30, 2023
Amount Raised: $7,900,000
Alluvial Finance

New Castle, Delaware, United States

Alluvial Finance is a software development company that provides robust solutions.

FinanceFinancial ServicesInformation Technology
Series AJul 11, 2023
Amount Raised: $12,000,000
Intuition

San Juan, NA - Puerto Rico, Puerto Rico

Intuition is a decentralised architecture, developer tools, and applications offered by Intuition enable the development.

Developer PlatformDeveloper Tools
SeedJun 16, 2023
Amount Raised: $4,000,000
hoseki

Austin, Texas, United States

hoseki is building towards a world where Bitcoin is the global standard for money, and proving reserves is secure and easy.

Web Development
SeedMay 16, 2022
Solidus Labs

New York, New York, United States

Solidus Labs is a crypto-tracking company that provides tailored compliance and risk monitoring solutions for digital assets.

CryptocurrencyFinancial ServicesFinTechMachine LearningSaaS
Series BMay 12, 2022
Amount Raised: $45,000,000
Flipside Crypto

Boston, Massachusetts, United States

Flipside Crypto provides analytics and business intelligence to crypto organizations.

AnalyticsBlockchainCryptocurrencySoftware
Series AApr 19, 2022
Amount Raised: $50,000,000
Coin Metrics

Boston, Massachusetts, United States

Coin Metrics is a provider of crypto financial intelligence providing network data, market data, index, and network risk solutions.

AnalyticsBig DataBlockchainFinancial Services
Series CApr 6, 2022
Amount Raised: $35,000,000
VALR

Johannesburg, NA - South Africa, South Africa

We‘re helping build a financial system that recognises the oneness of humanity.

BitcoinBlockchainCryptocurrencyEthereumFinancial ServicesFinTechTrading Platform
Series BFeb 28, 2022
Amount Raised: $50,000,000