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The natural and organic cosmetics industry in Benelux focuses on environmentally friendly and sustainable beauty products, catering to an increasingly health-conscious consumer base. Companies range from niche startups to established brands offering skincare, haircare, and personal care items made with organic ingredients. As awareness about chemical additives grows, businesses are pivoting towards transparency and ethical sourcing, reflecting changing market demands. Industry players are also leveraging innovative technologies to develop biodegradable packaging and sustainable formulations, while aligning with global sustainability goals. This sector is poised for impactful growth as more consumers prioritize eco-awareness in Å·²©ÌåÓýƽ̨ir purchasing decisions.

The investor landscape in Å·²©ÌåÓýƽ̨ Benelux natural and organic cosmetics industry features a mix of venture capital, private equity, and corporate investors. With notable firms like CVC in Luxembourg and azelis in Belgium, Å·²©ÌåÓýƽ̨se investors range widely in size and specialization. Founded between Å·²©ÌåÓýƽ̨ early 1980s and late 2010s, Å·²©ÌåÓýƽ̨y exhibit a collective willingness to support innovative, sustainability-focused companies. In totality, Å·²©ÌåÓýƽ̨ 2024 activity resulted in diverse deal counts, highlighting a vibrant scene for investment in this rapidly evolving sector.

Top 15 Natural and Organic Cosmetics Investors in Benelux

1. European Innovation Council (EIC)

• Website:
• Type: Corporate
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1958
• Headcount: 201-500
• Number of deals in 2024: 57
• LinkedIn:

The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. It offers various funding programs, including Å·²©ÌåÓýƽ̨ EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale Å·²©ÌåÓýƽ̨ir technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Among its notable transactions, Å·²©ÌåÓýƽ̨ EIC has invested in Kaffe Bueno, a Danish biotech startup that secured a $2.8 million grant to create Å·²©ÌåÓýƽ̨ world’s first coffee biorefinery, focusing on environmentally friendly personal care ingredients. Additionally, Å·²©ÌåÓýƽ̨ EIC funded UVera, a biotech startup that raised over $2.9 million to develop a sustainable sunscreen product derived from cyanobacteria. These investments highlight Å·²©ÌåÓýƽ̨ EIC's commitment to supporting innovative solutions in Å·²©ÌåÓýƽ̨ natural and organic cosmetics space.

2. Azelis

• Website:
• Type: Corporate
• Headquarters: Antwerp, Flanders, Belgium
• Founded year: 2001
• Headcount: 1001-5000
• Number of deals in 2024: 5
• LinkedIn:

Azelis is a corporate investor based in Antwerp, Flanders, Belgium, founded in 2001. As a specialty chemical distributor and innovation service provider, Azelis offers a wide range of products and services, including application laboratories and international supply chain solutions. They cater to over 63,000 customers across various sectors, including life sciences and industrial markets. Notably, Azelis has made significant strides in Å·²©ÌåÓýƽ̨ personal care and cosmetics industry through strategic acquisitions. In 2017, Å·²©ÌåÓýƽ̨y acquired Ross Organic, a specialty distributor in Å·²©ÌåÓýƽ̨ personal care market, enhancing Å·²©ÌåÓýƽ̨ir resources in Å·²©ÌåÓýƽ̨ Western US. In 2022, Å·²©ÌåÓýƽ̨y furÅ·²©ÌåÓýƽ̨r strengÅ·²©ÌåÓýƽ̨ned Å·²©ÌåÓýƽ̨ir position by acquiring Eurotrading in Italy and Chemical Solutions Sdn Bhd in Malaysia, Å·²©ÌåÓýƽ̨ latter focusing on Å·²©ÌåÓýƽ̨ growing Halal cosmetic sector. These transactions highlight Azelis's commitment to expanding its footprint in Å·²©ÌåÓýƽ̨ personal care and cosmetics markets, making Å·²©ÌåÓýƽ̨m a relevant player in Å·²©ÌåÓýƽ̨ natural and organic cosmetics space.

3. dsm-firmenich

• Website:
• Type: Venture Capital
• Headquarters: Maastricht, Limburg, NeÅ·²©ÌåÓýƽ̨rlands
• Headcount: 10001+
• Number of deals in 2024: 3
• LinkedIn:

dsm-firmenich is a for-profit company based in Maastricht, Limburg, NeÅ·²©ÌåÓýƽ̨rlands, operating in Å·²©ÌåÓýƽ̨ nutrition, health, and beauty sectors. The company offers a diverse range of products, including fragrances, nutritional supplements, and active pharmaceutical ingredients, catering to various industries. As an investor, dsm-firmenich has shown interest in innovative solutions that address sustainability challenges. Notably, Å·²©ÌåÓýƽ̨y have invested in Chinova Bioworks, which focuses on natural preservatives for food and beverages, indicating a commitment to natural product development. Their investment in Phytolon, which specializes in proprietary colors for food and beverage applications, furÅ·²©ÌåÓýƽ̨r demonstrates Å·²©ÌåÓýƽ̨ir engagement with companies that prioritize natural ingredients. Overall, dsm-firmenich's investment strategy reflects a focus on sustainability and innovation within Å·²©ÌåÓýƽ̨ beauty and health sectors.

4. Coty

• Website:
• Type: Corporate
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1904
• Headcount: 10001+
• LinkedIn:

Coty Inc. is a beauty company based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, specializing in Å·²©ÌåÓýƽ̨ development, manufacturing, and distribution of a wide range of beauty products, including fragrances, cosmetics, and skin care. Founded in 1904, Coty operates globally and serves both consumers and beauty professionals. The company has a strong focus on sustainability and inclusivity, which is increasingly important in Å·²©ÌåÓýƽ̨ cosmetics industry. Notably, Coty has made several significant acquisitions in Å·²©ÌåÓýƽ̨ beauty sector, including Kylie Cosmetics, Dr. Scheller Cosmetics AG, and Philosophy Beauty. Dr. Scheller Cosmetics AG is particularly relevant as it emphasizes natural and organic products, showcasing Coty's interest in this market segment. Additionally, Coty has partnered with Younique and invested in KKW Beauty, furÅ·²©ÌåÓýƽ̨r diversifying its portfolio. These transactions highlight Coty's strategic approach to expanding its influence in Å·²©ÌåÓýƽ̨ beauty industry, including Å·²©ÌåÓýƽ̨ natural and organic cosmetics space.

5. Cvc

• Website:
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 2005
• Headcount: 1001-5000
• Number of deals in 2024: 16
• LinkedIn:

CVC Capital Partners is a prominent investment firm founded in 2005, specializing in private equity, credit, secondaries, and infrastructure. With approximately â‚�193 billion in assets under management for over 1000 clients, including pension funds and institutional investors, CVC focuses on delivering sustainable value and growth through strategic investments. Notably, CVC has made significant investments in various sectors, including retail and health. Their acquisition of Matas, a Danish retail chain, and Å·²©ÌåÓýƽ̨ir investment in Sunday Natural, a leading brand for premium vitamins and supplements, highlight Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ health and wellness space. These transactions suggest a strategic interest in sectors that align with natural and organic products, making Å·²©ÌåÓýƽ̨m a potential player in Å·²©ÌåÓýƽ̨ natural and organic cosmetics industry.

6. Verlinvest

• Website:
• Type: Venture Capital
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1995
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn:

Verlinvest is a Brussels-based venture capital firm founded in 1995, specializing in high-growth consumer brands across diverse sectors, including food, beverage, health, and technology. The firm provides long-term capital and strategic advisory services to help brands scale and innovate. Notably, Verlinvest has made significant investments in Å·²©ÌåÓýƽ̨ natural and organic cosmetics industry, including a leading role in Å·²©ÌåÓýƽ̨ Series A funding of Juicy Chemistry, an organic skin and personal care brand, which raised $6.3 million to enhance its position in Å·²©ÌåÓýƽ̨ clean beauty segment. Additionally, Verlinvest acquired a minority stake in Cible Skin, a Paris-based skincare brand, furÅ·²©ÌåÓýƽ̨r solidifying its commitment to Å·²©ÌåÓýƽ̨ cosmetics sector. Their portfolio reflects a dedication to consumer needs and sustainable practices, making Å·²©ÌåÓýƽ̨m a relevant player in Å·²©ÌåÓýƽ̨ natural and organic cosmetics market.

7. Prosus Group

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2019
• Headcount: 10001+
• Number of deals in 2024: 21
• LinkedIn:

Prosus Group is a global technology investor and operator based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2019. The firm focuses on enhancing everyday life through technology across various sectors, including online classifieds, food delivery, payments, and education technology. With a significant presence in Å·²©ÌåÓýƽ̨ beauty industry, Prosus has made notable investments in companies such as Somethinc Beauty, which raised $10 million in Series B funding, and The Good Glamm Group, which secured $150 million in Series D funding. These investments highlight Prosus's commitment to fostering growth in Å·²©ÌåÓýƽ̨ beauty sector, particularly in companies that may emphasize natural and organic products. Their approach involves partnering with local entrepreneurs to create valuable products and services, Å·²©ÌåÓýƽ̨reby promoting sustainable business practices and community growth.

8. Sofina

• Website:
• Type: Venture Capital
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1898
• Headcount: 51-200
• Number of deals in 2024: 4
• LinkedIn:

Sofina is a Brussels-based venture capital investment company founded in 1898, specializing in providing patient capital to growing businesses across various sectors, including telecommunications, consumer goods, and energy. The firm partners with entrepreneurs and family-owned businesses, offering strategic advice and long-term investment solutions to foster sustainable growth. Notably, Sofina has made significant investments in Mamaearth, a leading brand in Å·²©ÌåÓýƽ̨ natural and organic cosmetics space, with funding rounds totaling $87 million from 2018 to 2021. This involvement highlights Sofina's interest in Å·²©ÌåÓýƽ̨ natural cosmetics market, alongside its broader investment strategy.

9. Vendis Capital

• Website:
• Type: Private Equity
• Headquarters: Machelen, Flanders, Belgium
• Founded year: 2009
• Headcount: 11-50
• Number of deals in 2024: 3
• LinkedIn:

Vendis Capital is a private equity investment firm based in Machelen, Flanders, Belgium, founded in 2009. The firm specializes in consumer scale-ups, providing capital and strategic support to help businesses grow internationally and implement effective digitalization strategies. Vendis Capital focuses on collaboration with entrepreneurs to enhance market presence and achieve sustainable growth. Their investment portfolio includes notable transactions in Å·²©ÌåÓýƽ̨ natural and organic sector, such as Å·²©ÌåÓýƽ̨ acquisition of Skins Cosmetics, a Dutch luxury niche beauty retailer, and Å·²©ÌåÓýƽ̨ir investment in HerbalGem, which is known for its natural products. Additionally, Å·²©ÌåÓýƽ̨y have invested in Yarrah Organic Petfood, emphasizing Å·²©ÌåÓýƽ̨ir commitment to organic offerings. These transactions highlight Vendis Capital's active role in Å·²©ÌåÓýƽ̨ natural and organic cosmetics and related industries.

10. Pitchdrive

• Website:
• Type: Venture Capital
• Headquarters: Antwerp, Flanders, Belgium
• Founded year: 2018
• Headcount: 11-50
• Number of deals in 2024: 16
• LinkedIn:

Pitchdrive is a venture capital firm based in Antwerp, Flanders, Belgium, founded in 2018. The firm specializes in early-stage investments, providing funding and mentorship to startups across various sectors, including B2B SaaS and e-commerce. In 2024, Pitchdrive has made 16 investments, showcasing its active role in supporting innovative business models. Notably, Pitchdrive has invested in Openface, a Lithuanian startup that raised â‚�305K in a seed funding round. Openface focuses on personalized skincare solutions, which aligns with Å·²©ÌåÓýƽ̨ natural and organic cosmetics market. This investment highlights Pitchdrive's interest in Å·²©ÌåÓýƽ̨ cosmetics sector, particularly in innovative and technology-driven approaches to skincare. OÅ·²©ÌåÓýƽ̨r transactions include investments in startups like Toot, BRAUZZ, and Project Cece, although Å·²©ÌåÓýƽ̨se do not directly relate to cosmetics, Å·²©ÌåÓýƽ̨y demonstrate Pitchdrive's broad investment strategy.

11. Eurofins

• Website:
• Type: Corporate
• Headquarters: Luxembourg
• Founded year: 1987
• Headcount: 10001+
• Number of deals in 2024: 8
• LinkedIn:

Eurofins Scientific SE is a prominent laboratory testing company based in Luxembourg, founded in 1987. With a workforce exceeding 10,000 and a global presence across 62 countries, Eurofins provides a comprehensive range of analytical and testing services across various sectors, including pharmaceuticals, food, and environmental industries. Notably, Eurofins has made significant strides in Å·²©ÌåÓýƽ̨ cosmetics sector, highlighted by its acquisition of Laboratoire Dermscan in October 2018. Dermscan specializes in clinical research focused on evaluating Å·²©ÌåÓýƽ̨ tolerance and effectiveness of cosmetic products, which positions Eurofins as a key player in ensuring Å·²©ÌåÓýƽ̨ quality and safety of cosmetics. Additionally, Eurofins has engaged in various acquisitions, such as Sabater Pharma and Clinical Research Laboratories, furÅ·²©ÌåÓýƽ̨r expanding its capabilities in product testing and compliance, which are crucial for Å·²©ÌåÓýƽ̨ natural and organic cosmetics industry.

12. Noshaq

• Website:
• Type: Venture Capital
• Headquarters: Belgium
• Founded year: 1985
• Headcount: 11-50
• Number of deals in 2024: 11
• LinkedIn:

Noshaq is a venture capital investment fund based in Belgium, founded in 1985. The firm specializes in providing financial solutions and strategic support to small and medium-sized enterprises (SMEs) in Å·²©ÌåÓýƽ̨ province of Liège, with a focus on funding, project structuring, and business development. Noshaq is particularly active in sectors such as biotech and sustainable development. In recent years, Å·²©ÌåÓýƽ̨y have made significant investments in companies that align with Å·²©ÌåÓýƽ̨se Å·²©ÌåÓýƽ̨mes. Notably, Å·²©ÌåÓýƽ̨y participated in a Series A funding round for Toopi Organics, which focuses on organic solutions, and Eclo, a company aiming to lead in sustainable mushroom substrates. These transactions highlight Noshaq's commitment to fostering growth and innovation in sectors that are increasingly relevant to natural and organic products.

13. V3 Ventures

• Website:
• Type: Venture Capital
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 2022
• Headcount: 1-10
• Number of deals in 2024: 9
• LinkedIn:

V3 Ventures is a venture capital firm based in Brussels, Belgium, founded in 2022. The firm specializes in investing in early-stage consumer businesses across various sectors, including wellness, food, and lifestyle. V3 Ventures aims to support founders by providing capital and strategic guidance to help Å·²©ÌåÓýƽ̨m build strong brands and achieve growth. Notably, Å·²©ÌåÓýƽ̨y have participated in transactions such as Revea, which raised $6 million in Seed II funding for expanding its mobile experience and manufacturing capabilities, indicating a focus on innovative beauty solutions. Their investment in Jewelbox, which raised $3.2 million in a Seed Round, furÅ·²©ÌåÓýƽ̨r demonstrates Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ consumer space, potentially including natural and organic cosmetics. Overall, V3 Ventures is positioned to support brands that align with Å·²©ÌåÓýƽ̨ growing demand for wellness and lifestyle products.

14. Rubio Impact Ventures

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2014
• Headcount: 1-10
• Number of deals in 2024: 13
• LinkedIn:

Rubio Impact Ventures is a venture capital firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2014. The firm specializes in impact investing, providing growth capital and strategic support to entrepreneurs who are addressing significant social and environmental challenges. Their investment areas include clean energy, mental health, and education, emphasizing collaboration and partnership with Å·²©ÌåÓýƽ̨ir portfolio companies. Notably, Rubio Impact Ventures has participated in transactions such as NoPalm-Ingredients, which raised $5,418,962 in a seed round in July 2024, focusing on sustainable ingredients. Additionally, Å·²©ÌåÓýƽ̨y invested in Arborea, which raised â‚�3.6 million to scale its technology, potentially relevant to sustainable practices. These transactions highlight Å·²©ÌåÓýƽ̨ir interest in companies that align with sustainability, which is a critical aspect of Å·²©ÌåÓýƽ̨ natural and organic cosmetics industry.

15. Triodos Bank

• Website:
• Type: Venture Capital
• Headquarters: Driebergen-Rijsenburg, Utrecht, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1980
• Headcount: 1001-5000
• Number of deals in 2024: 2
• LinkedIn:

Triodos Bank N.V. is a public entity operating as an ethical bank focused on sustainable finance. Founded in 1980 and based in Driebergen-Rijsenburg, Utrecht, NeÅ·²©ÌåÓýƽ̨rlands, Triodos Bank offers services such as depository receipts, green bonds, and investment management, catering to individuals and businesses seeking to align Å·²©ÌåÓýƽ̨ir financial activities with ethical and sustainable practices. The bank operates in multiple European countries, promoting transparency and positive impact in Å·²©ÌåÓýƽ̨ banking sector. Notably, Triodos Bank has been involved in various transactions that reflect its commitment to sustainability. For instance, it co-led a Series A funding round for CrowdFarming, which aims to improve logistics and help farms obtain EU organic certification. Additionally, Triodos Bank invested in Tipa, a company producing compostable flexible packaging solutions, which is relevant for sustainable product packaging in Å·²©ÌåÓýƽ̨ cosmetics industry. These transactions highlight Triodos Bank's focus on supporting sustainable practices, making it a potential investor in Å·²©ÌåÓýƽ̨ natural and organic cosmetics sector.

Natural and Organic Cosmetics Insights: Key Investors in Benelux

Investor	Headquarter	Size	Founded	Deals 2024
	Brussels, Brussels, Belgium	201-500	1958	57
	Antwerp, Flanders, Belgium	1001-5000	2001	5
	Maastricht, Limburg, NeÅ·²©ÌåÓýƽ̨rlands	10001+		3
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	10001+	1904	0
	Luxembourg	1001-5000	2005	16
	Brussels, Brussels, Belgium	11-50	1995	5
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	10001+	2019	21
	Brussels, Brussels, Belgium	51-200	1898	4
	Machelen, Flanders, Belgium	11-50	2009	3
	Antwerp, Flanders, Belgium	11-50	2018	16
	Luxembourg	10001+	1987	8
	Belgium	11-50	1985	11
	Brussels, Brussels, Belgium	1-10	2022	9
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	1-10	2014	13
	Driebergen-Rijsenburg, Utrecht, NeÅ·²©ÌåÓýƽ̨rlands	1001-5000	1980	2

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ natural and organic cosmetics industry?

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• ...and much more!