Here are some notable developments in the beauty and cosmetics startup space:

Here are some notable developments in the beauty and cosmetics startup space:

• Debut, a synthetic biology company, raised $34M in Series B funding led by L'Oréal's venture capital fund BOLD. They focus on creating innovative active ingredients for beauty products using biotechnology.

Some significant acquisitions and partnerships include:

• Givaudan acquiring cosmetic ingredients from Amyris, including sustainable products like Neossance® Squalane and CleanScreen™.

There are also interesting emerging business models:

• Some companies are creating "house of brands" platforms, like Arfa, which raised $7M to develop multiple beauty brands under one umbrella.

In terms of investment trends, the beauty tech sector has seen significant venture capital interest, with an estimated $4 billion invested in digitally-native vertical brands over a recent 10-year period.

One notable example of sustainable and socially conscious startups is Hanahana Beauty, a clean skincare brand that focuses on improving economic and environmental wellbeing of Ghanaian women in the shea trade.

The partnership with BOLD, L'Oréal's venture capital fund, will enable Debut to bring novel bioactive cosmetic ingredients and products to consumers worldwide