Luxe is a global leader in nail and beauty technology, but it’s been struggling to find traction in its home market.
As part of the financing round, the company is expanding its footprint into Europe and Asia.
The company said Wednesday that it had raised $5.5 million in a Series A funding round led by Goldman Sachs.
Luxe founder and CEO Jeffery Miller said the company plans to add 15 to 20 staff and expand its footprint in Asia by the end of the year.
The financing round was led by CapitalG.
The firm has a deep understanding of the global beauty and nail industry, and has developed relationships with global beauty brands, including Glamour, Revlon, and Revlon.
Luxo’s first foray into Asia came with the launch of a beauty line called Lululemon, which was launched in Japan in 2014.
Luxurys products include nail care products, makeup, hair care, and a line of skin care products.