The Estée Lauder Companies Inc. announced Thursday that it has invested in Deciem, a vertically integrated multi-brand company targeting millennials and a diverse range of consumers with a broad range of products across price points through its own multi-brand stores, department stores, e-commerce, TV shopping networks and select retailers, primarily in the U.S.,U.K., and Canada.

Terms of the investment were not disclosed.

Deciem was founded in 2013 in Toronto, Ontario by Brandon Truaxe, who leads the company alongside Co-CEO Nicola Kilner. Deciem’s multi-brand strategy is propelled by a vertically integrated structure—with its own laboratory, manufacturing, e-commerce sites, retail stores and marketing infrastructure—that enables the company to rapidly identify opportunities, create and incubate new brands and deliver quality, much-sought-after products.

The company has launched 10 brands to date – including international cult favorite The Ordinary, an evolving collection of skin care treatments offering familiar and effective ingredients at accessible prices, and Niod, an ingredients-driven skin care brand focused on addressing the root causes of aging.

“In four short years, Brandon and Nicola have established, in Deciem, a powerful engine of innovation and growth,” said Fabrizio Freda, President and Chief Executive Officer of The Estée Lauder Companies Inc. “Through its unique business model, Deciem has produced some of the most creative independent brands on the market, capturing the passion and trust of devoted fans around the world – and they are just getting started. We look forward to engaging with the team and supporting their global growth aspirations.”