Funding & Deal Highlights:
Coty sells majority stake in professional beauty division. The $4.3B deal will make KKR the new owner of the beauty line. During the last recession of '08, nail polish and lipstick sales saw growth as consumers still looked to treat themselves but were unable to afford large-ticket items. KKR is betting on a similar recession-recovery story this time.
Carbon Health lands $26M, triples headcount. The company focuses on testing and care during the COVID-19 pandemic. Carbon Health has set up a mobile testing clinic to serve the Bay Area, with a rapid COVID-19 test.
TeleMedicine startup SmileSnap closes seed funding round, eyes immediate Series A to expand services. Telehealth has expanded to specialties previously thought improbable. The platform is already trusted by 1,500 dentists and orthodontists, who use SmileSnap as a virtual consultation and appointments SaaS platform.
Hummingbird Bioscience extends Series B round to $25M.
Mellow turns to equity crowdfunding to raise $1M in seed funding.
Quirch Foods acquires Tennessee-based food distributor, Butts Foods.
ECI Software Solutions acquires BuildTools.
Novantas acquires Amplero to accelerate AI-powered transformation.
Sleeper raises $20 million to expand into fantasy esports.