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Living Proof
Biotechnology company developing product formulas to solve beauty care problems
About Living Proof
Living Proof operates at the intersection of biotechnology and beauty, positioning itself as a science-first haircare company. The firm was established in 2005 in Cambridge, Massachusetts, through an unconventional collaboration between biotech scientists from MIT and veteran hair stylists. The founding team included venture capitalist Jon Flint of Polaris Partners, renowned MIT Institute Professor Dr. Robert Langer, and Dr. Amir Nashat, also of Polaris Partners. Flint, a venture capitalist with a legal background, conceived the idea of applying medical-grade technologies to solve common beauty problems. Langer, one of history's most prolific inventors in medicine, brought deep scientific expertise from fields outside of beauty, aiming to provide 'proof in a bottle' rather than 'hope in a bottle'. Nashat, a Polaris partner with a Ph.D. in Chemical Engineering under Langer, served as the initial CEO.
The company's business model revolves around developing and commercializing patented, proprietary technologies to address specific hair concerns like frizz, volume, and damage. Living Proof generates revenue by selling its range of premium haircare products directly to consumers via its website and through retail partners, including salons and beauty stores like Space NK. The company targets discerning consumers who prioritize product efficacy and ingredient transparency. After a period of significant growth, which included bringing on Jennifer Aniston as a co-owner and spokesperson, Living Proof was acquired by Unilever in late 2016 and now sits within its Prestige portfolio of brands.
Living Proof's core offering is a portfolio of haircare products built upon a foundation of scientific discovery. A key differentiator is its use of patented molecules developed by its MIT-rooted science team. For instance, the company created Octafluoropentyl Methacrylate (OFPMA), a 'Healthy Hair Molecule' that creates a weightless shield on the hair to block humidity and repel dirt, replacing traditional silicones. Another foundational technology is the 'Thickening Molecule' (PBAE), which deposits microscopic thickening dots between hair strands to create the feeling of fuller hair. The product range, which includes shampoos, conditioners, treatments, and styling products, is organized into collections such as Perfect hair Day (PhD), No Frizz, and Full. All formulations are silicone-free, paraben-free, and cruelty-free.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Dec 2016 | $0 | — | Unilever | — |
| GRANTOther financing | Jan 2014 | $75M | — | Bausch Health Companies | — |
Growth signals
Latest recorded traffic for Living Proof is 190K monthly website visits, down 26.9% over the last three months. Living Proof's team grew 53.9% over the past year.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Bausch Health Companies
Series A1 investor entered at this stage
Series B and later1 investor entered at this stage
Leerink Partners
Other known investors1 additional known investor
Unilever
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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