BOLD

Innovation thrives at the intersection of bold ideas and industry expertise. That’s exactly what we have with BOLD portfolio company Zuvi Inc. and L'Oréal Professionnel Paris launch the AirLight Pro. This incredible technology is now launching across salons across the US and France, and then roll-out internationally. The AirLight Pro is the product of Zuvi’s innovative LightCare™ technology paired with the expertise of over 100 engineers, designers, hairdressers, and scientists from L'Oréal’s Research & Innovation Division. This groundbreaking tool harnesses infrared light and high-speed wind for a more efficient drying experience, leaving hair smoother, shinier and healthier – and reducing energy consumption by up to 31% compared to traditional methods. And the next-generation hair dryer is already making waves in the beauty industry: 🏆 ELLE Magazine : Recognized in the 2024 Tools and Treatments Awards for its ability to cut drying time without compromising hair health. Read here: https://lnkd.in/eCwzegY ✨ Harper's Bazaar : Praised for its innovative approach to at-home treatments, blending style, sustainability and inclusivity. Read here: https://lnkd.in/gsWvHi_t 🚀 CES 2024: Showcased as a tech innovation, demonstrating its impact both within and beyond the beauty world. Read here: https://lnkd.in/gjpp5UBc At BOLD, we’re proud to champion this kind of collaboration – one that’s setting new standards and championing the future of beauty based on innovation, sustainability and expertise. #FortuneFavorsTheBOLD Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Presca Ahn Julie Pelcener Filippo Principi Adeline Girou Camille Jaegle Guive Balooch Adrien Chretien Aldina Suwanto JP Roby Louise Millon de La Verteville Iqra Zia Xiaoxin Zhang Xiaolin Z. Mingyu Wang

What’s one thing our portfolio companies all have in common? They’re first in line when it comes to industry-changing innovation. BOLD portfolio company CARBIOS was published in Nature Portfolio, one of the world’s most influential scientific journals. The article explores a new process for developing plastics that automatically biodegrade. By embedding enzymes in polylactic acid (PLA) plastics, items will rapidly degrade under the right composting conditions. Materials remain intact during long-term storage, making this solution ideal for commercial packaging applications (e.g., packets, capsules, food containers). In other words, Carbios continues to spearhead cutting-edge innovation to develop eco-friendly packaging solutions that are kinder to the planet, without compromising on quality. “As Carbios expands its portfolio of enzymatic solutions beyond PET, enzyme-embedded PLA represents a major leap forward, addressing a critical gap in the market for compostable plastic,” says Emmanuel LADENT 🌏 CEO CARBIOS. This isn’t the first time Carbios’ groundbreaking work has appeared in Nature; in 2020, the journal highlighted the company’s innovative work in PET biorecycling technology. With this latest article, Carbios underscores its leading position in improving plastic recyclability. Huge congratulations to Carbios for this amazing advancement, and we’re excited to see what’s next for the BOLD portfolio company! Read article here: https://lnkd.in/esirf3rN #FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld. Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Julie Pelcener Presca Ahn Filippo Principi Camille Jaegle Adeline Girou Pascal Bricout 🌎 - Carbios Caroline Venel Brice Andre

💥 In with a Big Bang! We’re thrilled to see L'Oréal's Big Bang Beauty Tech Innovation Program officially active across all our North Asia markets. First launched in Mainland China in 2020, Big Bang embraces open innovation to develop beauty solutions with startups and innovators. Its expansion to Japan and Korea in 2023, followed by recent launches in Hong Kong SAR and Taiwan Region, underscores L’Oréal’s commitment to spearheading cutting-edge beauty solutions. The spirit of partnership and commitment to innovation that guides us at BOLD is also a key part to the Group’s program. Big Bang  aims to foster the co-creation of innovative products and experiences, connecting emerging beauty startups with L’Oréal experts. So how did the Big Bang program get so big? Thanks to these key milestones: 🚀 2021: •  Partnered up with Oriental Beauty Vally •  Partnered up with Business France and established French Track under Big Bang China   •  Enriched with investment (Meicifan) and youth (Youth Bang) 🥇 2023: •  Expanded its scope to include AI and sustainability as transversal topic •  Signed as a Sino-French strategic partnership project during French president Macron's visit to China •  Launched in Japan and Korea, with announcement and MOU signing with MSS at Viva Tech. 🎉 2024: •  Rollout to Hong Kong SAR and Taiwan Region, ensuring coverage of all North Asia markets •  Rollout to SAPEMNA and became the first group open innovation project worldwide A key strength of Big Bang is that each market has a unique approach and the opportunity to choose themes tailored to local consumers. L’Oréal Japan broadened its reach to embrace cutting-edge technologies for both skin and haircare. L’Oréal Korea launched a new digital track dedicated to exploring the vast potential of AI, alongside its established R&I efforts. L’Oréal Taiwan champions sustainability through its "Green Beauty Consumer Journey" and a circular economy approach. L’Oréal Hong Kong centered its efforts around "Customer Experience Transformation," concentrating on the development of “smart” retail experiences. Big Bang is a crucial platform for BOLD to discover the rising stars of the beauty world. We aim to partner with startups that will support L’Oréal’s mission and help promising beauty tech ventures make their mark. Read more here: https://lnkd.in/eGhb6CNU #FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld #LorealNorthAsiaBigBang #BeautyTech Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Presca Ahn Julie Pelcener Camille Jaegle Adeline Girou Filippo Principi Xiaoxin Shao Xiaolin Z. 蓝 LAN挺元 Katia Pankaj Gupta Maxime De Boni Jee Seon Park Yezi Li Vân Nguyen Morgan Acas Sylvaine Hermans Helen Leung Jannis Tang Robert Chang Shelly Chiang Sun (Sun-Young) Lee Aika Nanao Eriko Muteki Ayumi HAYASHI Hirohisa Taniguchi

Temporary personalization, lasting impact 🎨 At BOLD, we're always on the lookout for cutting-edge innovation. We collaborate with visionary leaders to equip L'Oréal with cutting-edge tools, driving its transformation into a Beauty Tech powerhouse. That's why we're thrilled to spotlight Prinker, a South Korean startup that's transforming the world of temporary tattoos and shaking up the beauty sphere. 🌟 What is Prinker? Prinker is a game-changing device that enables anyone to create and apply high-quality temporary tattoos in just a few seconds. Using skin-friendly ink and an easy-to-use app, Prinker offers endless possibilities for personalizing your style and making a statement. 💡 How does it work? The Prinker device is designed to be painlessly easy-to-use – literally. 1. Find or create: Sync your smartphone to the Prinker app and either choose from an endless design library, or design your very own tattoo. 2. Click send: Finalize your illustration and send it to the Prinker device. 3. Prink it: Roll the device wherever you want on your body to bring your tattoo to life. Though designed for temporary tattoos, the potential extends to beauty. L’Oréal and Prinker have collaborated on numerous projects over the years to develop new innovations for the beauty sphere, notably in the eye category. That’s included featuring the L'Oréal Brow Magic at global tech trade show CES and working hand-in-hand on tech innovations across the Group’s brands. But don’t take our word for it. Watch the tech in action for yourself! #FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld Luke Yun Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Presca Ahn Julie Pelcener Adeline Girou Camille Jaegle Filippo Principi Xiaoxin Shao Xiaolin Z. 蓝 LAN挺元 Katia Guive Balooch Fred Orsita Sanford Browne

“The core is always slow to move – but disruption comes at the edges.” That’s Omar Tawakol approach to innovation. Over the years, Omar has launched startups in digital data and AI. In 2022, his experience led him to launch Rembrand, a startup offering a new take on product placement via regenerative AI. The BOLD portfolio company is the culmination of his ventures and unique take on innovation. Omar’s first venture was a leading data management platform for Fortune 100 marketers – and was a spark of inspiration for what is now Rembrand. He noticed a shift: programmatic ads were becoming more efficient, but consumers were becoming agile at avoiding them. His second venture, an AI company launched in 2017, provided conversational intelligence for meetings. This spotlighted AI's need for massive amounts of training data to drive higher accuracy solutions. Combining his experience with his forward-thinking vision, Rembrand was born. The BOLD portfolio company uses regenerative AI to insert photo-realistic product images or animations into a creator’s video. It allows ads to live seamlessly in content, without interrupting the viewer experience, and improves brand perception. With BOLD’s support, Rembrand and L'Oréal's Garnier Fructis USA joined forces to launch a first-of-its-kind pilot. The collaboration brought together the startup’s unique tech and focus on the creator economy with the brand’s invaluable data. The partnership resulted in a lift in unaided brand awareness, longer on-screen time for the products and a gain in cost-per-second efficiencies. Rembrand will bring that productive partnership across the Group. The startup is set to work with brands across divisions including L’Oréal Luxe, Dermatological Beauty and Consumer Products, as well as enter new regions. At BOLD, we partner with visionary leaders that push the boundaries. The collaboration is just the beginning for the two teams and scaling Omar’s approach to innovation to new heights. #FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld Cory Treffiletti Carol J. Hamilton Rachel Weiss Nicholas Milosh, CPA, CA Jennilee Dunwoody Tanguy de Labrouhe Presca Ahn Manon Cardiel Camille Kroely Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Julie Pelcener Camille Jaegle Adeline Girou Filippo Principi

🧪 From lab to shelf A marine biologist by training, Vincent Usache became CEO of biotech company Microphyt with a single goal: to create scaled-up, sustainable solutions for the ingredients industry through the power of microalgae. “Its potential was known in academia, but there was a bottleneck in production,” says Vincent. “It is a micro-organism which needs extremely well-controlled conditions to grow.” Though an extensive source of bioactives and functional ingredients, microalgae has been left largely unexplored due to these technological limitations. But that’s where Microphyt’s technology comes in. The company’s patented photobioreactor reproduces the natural conditions the micro-organism needs to grow, making it possible to cultivate any kind of microalgae. This places Microphyt at the forefront of the industry: where other players are limited to one or two types of microalgae, Microphyt can grow several thousands of different strains. Every day, L’Oréal’s R&I team works with Microphyt on the Extended Lab platform to help unleash that potential. “The idea behind the collaboration is to benefit from the expertise of both companies,” says Vincent. Launched a year and a half ago, the Lab allows the two teams to identify and scale promising sustainable raw materials . This then contributes to developing eco-friendly, natural ingredients for cosmetics across various categories. “L’Oréal has strong capabilities in finding and evaluating the performance of raw materials, and we have expertise in developing and producing them,” Vincent says. “The partnership merges our strengths we work together to create unique solutions for as-yet unexplored ingredients” This collaboration illustrates the heart of BOLD’s work: partnering with innovative startups to support Group-wide ambitions. With portfolio companies like Microphyt, L’Oréal is making headway on its sustainability roadmap, L’Oréal for the Future. Their partnership is supporting the plan’s aim to have 95% of ingredients be bio-based, derived from abundant minerals, or from circular processes by 2030. As consumers seek out more sustainable options, we’re putting the partnerships together to help bring the power of biotech from the lab to the shelf. #FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld Anne Colonna Frederic Legrand Aurélia Del Bufalo Ana Kljuic Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Julie Pelcener Presca Ahn Filippo Principi Adeline Girou Camille Jaegle Guillaume Climeau

BOLD portfolio companies are characterized by their trailblazing ideas. As L'Oréal s strategic venture capital fund, we strive to further fuel their innovative takes by providing them with access to the Group’s experts. We dedicate best-in-class resources to our portfolio companies to ensure their success. Our startup mentoring pairs them with L’Oréal mentors, providing personalized knowledge and tools tailored to their unique needs. One such expert is Dr. Grace Gao, L’Oréal Adjoint Leader of Discover Domain. She leverages her extensive expertise in science and management to provide leading insights to the Advanced Research team within L’Oréal Research & Innovation (R&I). In nearly a decade with the Group, Grace has worked across cosmetic ingredient science and performance, innovation management, life science and polymer physical chemistry, among others areas. Grace leverages her scientific expertise to mentor BOLD portfolio company ShineHigh Innovation. Together, they co-develop supramolecular nanostructures that enhance cosmetic formulations and raw material performance. The collaboration advances next-level cosmetic ingredients, benefiting skin, hair and scalp with improvements in areas such as depigmentation, actives and anti-aging solutions. Along with her role as a mentor, she recently brought her penchant for science and innovation to the IMCAS Asia Congress Bangkok, the learning event dedicated to knowledge sharing with industry experts and physicians. In her presentation, Grace touched on the Group’s Advanced Research and, notably, the potential of longevity for the beauty industry. Her talk included a deep-dive on the regenerative sciences and holistic methods fueling the frontiers of science and longevity. The innovative ideas at BOLD and L’Oréal fuel the Group’s mission, but it’s the collaboration and people behind them that help unleash their full potential.   Congratulations to Grace for a successful presentation and her key role in mentoring BOLD portfolio companies to #CreateTheBeautyThatMovesTheWorld. #FortuneFavorsTheBOLD Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Presca Ahn Julie Pelcener Camille Jaegle Filippo Principi Adeline Girou Maxime De Boni Valentin Peuch-Lestrade Xiaoxin Shao 蓝 LAN挺元 Katia Xiaolin Z.

At BOLD, we believe innovation can come from many and multiple sources. We’re committed to partnering with visionary startups to propel L'Oréal  in its mission to #CreateTheBeautyThatMovesTheWorld. We search both within and outside the Group for pioneering innovators with disruptive ideas. That conviction led to the discovery of and collaboration with BOLD portfolio company ShineHigh Innovation. In 2022, ShineHigh was named the winner of L’Oréal China’s Big Bang Beauty Tech Start-up Challenge. Fast-forward two years, ShineHigh joined the BOLD family in 2024. The startup combines the power of nanocrystals and supramolecular technology to fuel the future of beauty product development. Since then, Big Bang has gone global with the launch of the program in the South Asia Pacific, Middle East and North Africa (SAPMENA) region. Its aim? Discover forward-thinking startups with the potential to support L’Oréal’s Beauty Tech ambitions and co-create solutions for the beauty of tomorrow. Big Bang looks for “big” ideas according to four key areas: 💡 Innovation: tech-driven, proven solutions with an existing customer base 🌱 Sustainability: sustainable in thinking and in practice 📈 Scalability: stable, scalable models with promising growth opportunities 🚀 Impact on L’Oréal: effective solutions addressing Group priorities in significant ways Advancing innovation via productive partnership is key to what we do at BOLD. Our search for startups with transformative takes knows no bounds, and we look to initiatives like Big Bang for that stroke of innovation. Hear from Lex Bradshaw-Zanger and Vismay Sharma about the open innovation program for yourself. Applications are closing soon, but keep an eye out in your region to share your big ideas for potential BOLD impact. #FortuneFavorsTheBOLD Christophe Babule Laurent SCHMITT Samantha Etienne Muriel ATIAS Tony Khajenouri Presca Ahn Julie Pelcener Camille Jaegle Adeline Girou Filippo Principi Vân Nguyen Maxime De Boni Valentin Peuch-Lestrade Xiaoxin Shao 蓝 LAN挺元 Katia Xiaolin Z. Grace Gao Jee Seon Park

Hot off the press 🔥 As seen in WWD, BOLD portfolio company Debut has inked an agreement with L'Oréal to co-create bio-identical ingredients. These eco-friendly alternatives will replace the conventionally sourced ingredients currently used in the Group’s global beauty and personal care brands. As part of the expanded partnership, Debut will create new bio-based ingredients through its proprietary, advanced bio-manufacturing processes. “Instead of being made through petroleum or cultivation, now [these ingredients] could be made through this biological approach, which is far more sustainable,” Debut Founder and CEO Joshua Britton tells WWD’s Kathryn Hopkins. Debut’s technology combines fermentation with cell-free technology to replace conventional ingredient development methods with processes that are less taxing on environmental resources. The shift is also a key step forward in sustainability roadmap, L’Oréal for the Future. By 2030, the Group aims to have 95% of ingredients in formula be bio-based, derived from abundant materials or from circular processes. The latest agreement between Debut and L’Oréal will contribute to making this goal a reality. At BOLD, we foster partnerships with innovators like Debut to support L’Oréal’s mission to #CreateTheBeautyThatMovesTheWorld. Congratulations to the Debut and L’Oréal teams for this exciting collaboration! #FortuneFavorsTheBOLD Read more details here: https://lnkd.in/g8GuEk4P

Over 165,000 people from across the world gathered in Paris for Viva Technology last week, setting a new record for the global tech event. Embracing that same spirit, BOLD and L'Oréal teams showcased groundbreaking new technologies and insights from top leaders. On the show floor, the Group presented innovations shaping the future of #BeautyTech, including advanced diagnostics, augmented beauty services, Gen AI-powered offers and breakthrough devices. Among those on display was the L'Oréal Professionnel Paris AirLight Pro, the next-gen hair dryer jointly developed with Zuvi Inc., BOLD portfolio company. A live demonstration showcased the AirLight Pro’s combination of infrared light and high-speed wind for faster, gentler drying, emphasizing inclusivity, personalization and responsibility. Beyond the exhibition center, visitors encountered the innovation in the metro, alongside other L’Oréal innovations, encouraging in-person engagement. A series of talks and panels with L’Oréal leaders provided further insights into the tech: 💡 Barbara Lavernos, Deputy CEO, and Asmita Dubey, Chief Digital and Marketing Officer, discussed L’Oréal's approach to the future of Beauty Tech. 🤳 Alexandra BOLTEN, Global Head of Social & Content Marketing and BOLD Mentor, talked about the creator ecosystem with industry experts. 💻 Mathias Chaillou, Chief Media Officer, explored AI-powered marketing. 💬 Asmita Dubey participated in a The New York Times debate on AI opportunities and challenge, and offered her expert POV on a talk dedicated to the CMO perspective on creative and technology. The busy four days reflected BOLD's approach to fostering dialogue and putting insights into action. Collaboration and innovation, driven by partnerships between portfolio companies and L’Oréal teams, are key to bringing ideas to reality. #FortuneFavorsTheBOLD #CreateTheBeautyThatMovesTheWorld