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NexPhase backs Magic Science Corporation to support skincare brand expansion

NexPhase Capital has invested in New York-based Magic Science Corporation, maker of Magic Molecule skincare. The funding will support growth and wider distribution, including Target, Ulta Beauty, Amazon, and over 1,000 specialty retailers.

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Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.