Two Female Beauty Tech Entrepreneurs Close $5.65M Raise

Despite building one of the most comprehensive cosmetic ingredient databases and product formulation tools in the beauty industry, Iva Yovchev Teixeira, co-founder and CEO of The Good Face Project, was unsure she would be able to monetize her concept. Iva, along with fellow co-founder and Chief Technology Officer, Lena Skliarova-Mordvinova, spent five years on their AI-powered cosmetic ingredients ontology company in an effort to disrupt the beauty industry. But like many entrepreneurs in tech, they feared no one would be interested unless their concept was fully fleshed out– let alone invest in them.

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