Company · LV · Mārupe
Madara Cosmetics
MADARA Cosmetics develops and manufactures certified natural and organic skincare and makeup at its own Latvian laboratory and factory, selling mainly under the MÁDARA brand. Products carry ECOCERT and COSMOS certification, the company says it exports to more than 35 countries, and it reported revenue of EUR 21.52 million in 2024. It has been listed on Nasdaq First North Baltic as MDARA since 2017.
- Raised
- —
- Last round
- Grant · 05 Oct 2022
- Momentum
- Quiet
- Events
- 4
- Last activity
- 01 Jul 2024
Updated 12 Sep 2026 · Reviewed 12 Sep 2026
Capital
2 rounds · 2017–2022
2006
Founded
2022
Grant
€63K
No new round recorded in 48 months.
10 Nov 2017
IPO
—
Cumulative —
05 Oct 2022 · +4 yr 11 mo
Grant
€63K
Cumulative €63K
Amounts in EUR, converted at the ECB rate on the event date. Funding totals exclude debt, grants and state aid; rounds whose instrument is not yet established are still counted. Every figure links to its source.
Activity
4 events
- Exit01 Jul 2024EUR 1.2M
MADARA Cosmetics agreed to sell 100% of SIA Cosmetics Nord, operator of Selfnamed, to management-controlled SIA SLFNMD for EUR 1.19 million including repayment of outstanding debt.
▸Source: view.news.eu.nasdaq.com
- Exit30 Apr 2024EUR 4.0M
MADARA Cosmetics sold the MOSSA brand assets to Oy Transmeri Ab for total consideration of EUR 4 million while retaining product-development and contract-manufacturing responsibilities.
▸Source: view.news.eu.nasdaq.com
- Funding05 Oct 2022EUR 63K
MADARA Cosmetics received EUR 63,036 of EBRD support, funded through the EU Horizon 2020 Green Innovation Programme, for improvements to its SELFNAMED platform.
▸Source: view.news.eu.nasdaq.com
- Funding10 Nov 2017
MADARA Cosmetics completed an oversubscribed IPO and began trading on Nasdaq First North Riga; strategic investor Oy Transmeri Group AB emerged with 6% of the company.
▸Source: view.news.eu.nasdaq.com
People
2 people
CEO
Santa Mičule
head of the development team
Registry
FY2023–FY2025
Questions
6 answers
- What does Madara Cosmetics do?
- MADARA Cosmetics develops and manufactures certified natural and organic skincare and makeup at its own Latvian laboratory and factory, selling mainly under the MÁDARA brand. Products carry ECOCERT and COSMOS certification, the company says it exports to more than 35 countries, and it reported revenue of EUR 21.52 million in 2024. It has been listed on Nasdaq First North Baltic as MDARA since 2017.
- When was Madara Cosmetics founded?
- Madara Cosmetics was founded in 2006.
- Where is Madara Cosmetics headquartered?
- Madara Cosmetics is headquartered in Mārupe, Latvia.
- How much funding has Madara Cosmetics raised?
- Madara Cosmetics has raised €63K (across 2 rounds · last 05 Oct 2022).
- What was Madara Cosmetics's latest funding round?
- Madara Cosmetics's most recent disclosed round was a grant round of €63K, announced 5 October 2022.
- What is Madara Cosmetics's revenue?
- Madara Cosmetics reported €22.6M in turnover for FY2025, per official registry filings.
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