BeautyNews

RAFIQ Cosmetics Raises $11.1M Series B as South Korea’s Ingredient-Tech Pioneer Expands

As the global beauty market continues to evolve, South Korea’s reputation as a powerhouse for innovation and technology is more evident than ever, especially in the field of ingredient tech.

RafiQ Cosmetics Raises $11.1M Series B as South Korea’s Ingredient-Tech Pioneer Expands
BeautyNews

RAFIQ Cosmetics Raises $11.1M Series B as South Korea’s Ingredient-Tech Pioneer Expands

As the global beauty market continues to evolve, South Korea’s reputation as a powerhouse for innovation and technology is more evident than ever, especially in the field of ingredient tech. In September 2025, RAFIQ Cosmetics (also styled as RAFIQ) successfully raised $11.1 million (KRW 15 billion) in its Series B funding round, fueled by demand for its upcycled, plant-based skincare innovations and proprietary manufacturing technologies. The round was led by Kolon Investment and included key backers like Hana Ventures, Wonik Investment Partners, and Ubiquoss Investment.

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