Rebecca Lacouture, Chief Operating Officer, Silk Therapeutics, said in their press release, “Liquid silk is a platform ingredient. It replaces emulsifiers, preservatives, and anti-bacterials — agents otherwise commonly used in both skincare and apparel -— and offers companies safer, more effective options to enhance the performance of everyday products in constant contact with the skin.”
This round was led by Jeff Vinik, the former manager of Fidelity’s Magellan Fund and owner of the Tampa Bay Lightning, and legacy investor, the Kraft Group, along with support from additional existing investors Roy P. Disney, Lear Corporation, and Altman Health Investments.