Scandinavian Biolabs funding news – Copenhagen-based Scandinavian Biolabs Secures €4 Million in Funding

When Scandinavian Biolabs first started out as a direct-to-consumer (DTC) brand, it quickly gained an ardent online following. Building on this success, the brand has spread over several regions and into retail and pharmacies.

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Anders Reckendorff, CEO and Co-Founder of Scandinavian Biolabs, said: “We’ve built a strong foundation with our innovative products and proven that if we can provide our customers value and results, we will also have a strong business. We are excited to be joined by our new investors who can help us leapfrog our growth through their experience and know-how.”

With more than 140,000 clients served to date and a 4.5 out of 5 Trustpilot rating, Scandinavian Biolabs is quickly becoming the go-to option for dependable, tried-and-true, and truthful hair care products that are kind to your body. Through a strategic TV relationship, SevenVentures, a part of Pro. SiebenSat.1 Group, is helping the German expansion.

With the €4 million investment from Auréa, Scandinavian Biolabs will be able to aggressively pursue its ambitious growth plans, which include entering the US market, growing the company through an online presence, and expanding strategic retail like pharmacies. The company will also be able to establish a leadership position in the UK, Germany, and the Nordic region.

Auréa Fund commented: “Auréa is delighted to have been chosen by the Scandinavian Biolabs as their preferred investor for the experience and operational value-add that we bring in addition to the growth capital. We believe in the founders and the truly differentiated and efficacious products that they have developed. We are confident that together we will scale this into a significant international brand.”

About Scandinavian Biolabs

Dedicated to developing hair growth products, Scandinavian Biolabs is a Danish company. Natural, potent, and non-toxic components are used to make all of their products. When it comes to the production process, they fully support transparency and encourage innovation by using substances obtained from nature.