French Beauty-Tech Startup Jolimoi Enters Liquidation Despite €10.5 Million in Funding and €20 Million Revenue
French beauty‑tech startup Jolimoi, founded in 2017 to bring social selling to the cosmetics market, raised a total of €10.5 million (including a €7 million Series A led by Seventure Partners) and reported €20 million in revenue in 2024. Despite reaching profitability in 2025, the company was placed into judicial liquidation in November 2026, ending operations and leaving its network of 10,000 stylists unpaid for pending commissions.