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Business

Ginkgo beauty industry spin-off Arcaea raises $75 million

by Matt Blois
October 30, 2021 | A version of this story appeared in Volume 99, Issue 40
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Arcaea, a beauty business recently spun out of the synthetic biology company Ginkgo Bioworks, has raised $78 million in series A funding. The cash will allow the company to develop a pipeline of beauty products. To start, it’s hoping to use fermentation to make a never-before-smelled fragrance, proteins that can memorize hair styles, and filters that can protect skin from the elements. CEO Jasmina Aganovic has spent the past 2 years building the business as an entrepreneur-in-residence at Ginkgo.

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