Cosmetics brand and beauty skin care company Skin Pharm has received a minority stake from Prelude Growth Partners.
A $15 million investment by a female-led private equity firm focused on high-growth, high-potential consumer brands will fund the company’s “aggressive” plans to expand its US clinics and contribute to continued product development. W
In a statement, Skin Pharm, which operates clinics in Nashville, Atlanta, Charlotte, Dallas and Franklin, Houston and Alpharetta that are slated to open in the coming months, said it plans to open 20 more clinics by 2025 . New Capital’s W
will expand the brand’s award-winning product line, which launched in 2018 and now includes nearly 20 products, including serums and cleansing pads.
Maegan Griffin, Skin Pharm’s Founder and CEO, said in a statement, “Through this strategic partnership, we will be able to realize our dream of expanding Skin Pharm in every major city and at the forefront of an ever-changing industry to stay.” Evolution Evolution – while maintaining the same quality of care that our patients and clients deserve.
“We are thrilled to be working with a women-founded development partner who shares our passion for empowering women in business.” created a unique and diverse trusted brand with industry-leading quality expertise and loyalty.
“We see long-term, secular growth in this category, driven by consumers looking for efficiency and results. We look forward to working closely with Maegan and his team as they execute on their strategic growth plan. »