Beauty Industry

Skin Pharm Receives Minority Investment from Prelude Growth Partners

The investment will fund the company’s clinic expansion plans and contribute to ongoing product development.

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By: Charlie Sternberg

Associate Editor

Skin Pharm, a modern beauty brand and aesthetic skincare clinic, has received a minority investment from Prelude Growth Partners, a female-founded growth equity firm focused on high-potential, fast-growing consumer brands.
 
The $15 million investment will fund the company’s aggressive clinic expansion plans nationwide and contribute to ongoing product development. Founder and CEO Maegan Griffin, a board-certified nurse practitioner, successful entrepreneur and industry pioneer, will continue to lead the Company, guiding brand expansion, vision and culture.

Fueling Nationwide Expansion & Product Development

Skin Pharm is a provider of aesthetic skincare services with five operational clinics across Nashville, TN; Atlanta, GA; Charlotte, NC; Dallas, TX; and Franklin, TN — with Houston, TX and Alpharetta, GA slated to open in the coming months. These funds will aid in the continued expansion of the Company’s brick-and-mortar clinics across the country, creating over 100 new jobs nationwide as a result.
 
Since launching its own skincare line in 2018, the Brand’s award-winning product portfolio has grown to nearly 20 products. Prelude Growth Partners’ financial investment will also allow the Company to expand its product line and continue product development.
 
“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. “We are excited to work with a female-founded growth partner that shares our passion for supporting women in business.”
 
“Skin Pharm has created a uniquely differentiated, trusted brand with a quality of experience and loyalty which is unrivaled in the industry,” adds Neda Daneshzadeh, Co-Founder and Managing Partner of Prelude Growth. “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 on their strategic growth plan.”

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