Today, on January 15th, Yiwei Testing announced the successful completion of its Series A financing. The investors in this round are Xichuang Venture Capital and its market-oriented investment platform, Guolian Xinchuang, with a total investment of nearly tens of millions of RMB.
Public information shows that Yiwei Testing is a professional third-party laboratory specializing in efficacy testing, compliance services, and sensory evaluation in the cosmetics industry. It focuses on compliance and efficacy testing in the cosmetics industry and is committed to becoming a leading cosmetics R&D CRO (Contract Research Organization).
Li Mingyuan, CEO of Yiwei Testing, stated, “As the competition in cosmetics efficacy intensifies, the industry has entered the ‘R&D era.’ Nowadays, Yiwei Testing’s services have expanded to every stage of the product lifecycle, from research and development to market launch and brand communication.”
It is reported that with the successful completion of the Series A financing, Yiwei Testing will deepen cooperation with brands in areas such as cosmetics raw material research and development, new material filing, material application, formula research and development, ODM (Original Design Manufacturer) production, efficacy testing, product filing, sensory assessment, scientific communication, and consumer insights.
