Unilever Ventures is a beauty and wellness venture fund launched in 2002 that runs independently from Unilever's own M&A team, so a future sale to Unilever is possible but never required, and it invests not only in beauty and wellness but also commerce/enabling technology and B2B/enterprise technology. Its team blends hands-on beauty operators with longtime Unilever finance and deal experts, focuses on newer categories like menopause, scalp care, microbiome care, longevity, and teen skin, and works closely with consumer startup founders—especially in India—offering guidance from manufacturing all the way to the end customer.