23-year-old Sophia Hutchins, who calls Caitlyn Jenner her “cheerleader,” has raised $3 million from Peter Thiel's Founders Fund and Greycroft Ventures for her FDA-approved odorless SPF 50+ sunscreen mist that is engineered to be applied after makeup.
Sunscreen and makeup: a game of compromise, imperfection, skin damage and expensive products. 23-year-old Sophia Hutchins, who calls Caitlyn Jenner her “cheerleader,” aims to win that game with Lumasol, the FDA-approved odorless SPF 50+ sunscreen mist engineered to be applied after makeup. With a $3 million seed round from Peter Thiel’s Founders Fund and Greycroft Ventures, she’ll be able to expand her team of 30 employees and bring the product to market in early 2020.
“I have a really good relationship with all of them,” says Hutchins. “What Kylie [Jenner’s] done is amazing. I admire that she’s been able to convert fans, likes and shares into buys—and she works nonstop.” For Ian Sigalow, founder of Greycroft Ventures, who has previously led the firm’s investments in Venmo, Braintree and Shipt, he saw the potential for the product from the hundreds of dollars his family of five spends on goopy sunscreen every single year.
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EXCLUSIVE: 23-Year-Old Sophia Hutchins, Jenner Family Insider, Raises Millions For Post-Makeup Sunscreen Mist23-year-old Sophia Hutchins, who calls Caitlyn Jenner her “cheerleader,” has raised $3 million from Peter Thiel's Founders Fund and Greycroft Ventures for her FDA-approved odorless SPF 50+ sunscreen mist that is engineered to be applied after makeup.
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