THE WHAT? Allies of Skin has received US$20M from LA-based Meaningful Partners to expand into the US market, focusing on digital and retail growth, marketing, product development, and building a US team. This funding aims to leverage Allies of Skin’s strong international presence and acclaimed skincare portfolio for a successful US launch.
THE DETAILS Founded by Nicolas Travis in 2016, Allies of Skin is dedicated to creating clinical-grade, science-led skincare, evolving from three products to a comprehensive collection favored globally. The brand’s growth has been supported by celebrity endorsements and dermatologist approval, making it available in 36 countries and setting the stage for expansion with Meaningful Partners’ investment.
THE WHY? Meaningful Partners, focusing on businesses that combine purpose with profit, is excited to support Allies of Skin’s US expansion, recognizing the brand’s strong customer base and product innovation. This partnership anticipates leveraging Allies of Skin’s success for further growth in the science-backed skincare segment, with strategic and legal guidance provided by Raymond James, Greenberg Traurig, and Withers.
Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.
Examples of clinical aesthetics products include:
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Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
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Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
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Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
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Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.
