Skin Care Clinic Skin Pharm Received $15 Million Investment

Skin care clinic Skin Pharm announced the company has received a minority investment from Prelude Growth Partners, the $15 million investment is set to support the company's nationwide expansion plans.

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Skin Pharm, a prominent skincare clinic and modern beauty brand announced that it has received a minority investment from Prelude Growth Partners. The investment, which amounts to fifteen million dollars, will be used to support the company's nationwide expansion plans for their clinic and ongoing development of new products.

Skin Pharm is a modern beauty brand founded by nurse practitioner Maegan Griffin in 2017. Skin Pharm provides clinical skin care products and in-clinic treatments. The company is headquartered in is based in Nashville, Tennessee, and has multiple clinics across the United States in cities such as Atlanta, Georgia, Charlotte, North Carolina; Dallas, Texas, and Franklin, Tennessee. The highly skilled practitioners at Skin Pharm encourage skin health and boost self-assurance by offering personalized treatment plans, suggesting suitable products, and delivering subtle, natural-looking results that are never excessive.

In addition, Skin Pharm introduced its line of skincare products in 2018, which currently includes nearly 20 items such as the Crystal Clear Clarifying Pads priced at $50, Youth Serum at $115, and Glow Factor at $150.

Prelude Growth Partners is an equity firm that invests in high-potential, innovative consumer brands with a focus on the food and wellness, consumer products, and retail sectors. They offer financial support and additional value to help founders fully realize the potential of their brands. Besides Skin Pharm, Prelude Growth Partners has partnered with Brazilian body care brand Sol de Janeiro, premium skincare brand Summer Fridays, and skincare brand Naturium.

“With this strategic partnership, we will be able to achieve our dream of expanding Skin Pharm to every major city and continue to stay at the forefront of an ever-changing industry — all while maintaining the same quality of care our patients and customers deserve,” says Maegan Griffin, Founder, and CEO of Skin Pharm.

Neda Daneshzadeh, Co-Founder and Managing Partner of Prelude Growth said: “Skin Pharm has created a uniquely differentiated, trusted brand with a quality of experience and loyalty which is unrivaled in the industry. We see long-term secular growth in this category driven by consumers seeking efficacy and results. We look forward to working closely together with Maegan and her team as they execute their strategic growth plan.”