Kellerhals Carrard has advised Timeline on a 56 million Swiss francs financing round, from L’Oréal, Nestlé and several other important investors. The French-speaking start-up was founded by Patrick Aebischer, Chris Rinsch, André Hoffmann and Pierre Landolt in 2007 as a spin-off, of the Swiss Federal Institute of Technology (EPFL). This was in order to develop innovative solutions for longevity in the food, beauty and health sectors. Its investors include Nestlé, an established partner since several years, as well as L’Oréal, via its BOLD strategic fund for innovation. The investment of the French group shows the growing interest of the beauty industry in aspects of health and longevity. It will also enable Timeline to further develop its unique technology, scale its brand and expand operations.
Kellerhals Carrard advised on the Swiss contractual aspects of this round and collaborated with Cooley LLP on the US side. The Kellerhals Carrard team was led by Jean-Luc Chenaux (pictured), partner, as well as Edgar Philippin, partner, Cindy Liu and Joséphine Marmy, senior associates.