KilgourMD, the scalp care brand that targets menopausal hair loss, closed a new $5 million funding round led by Willow Growth Partners.WHO: KilgourMD was founded in 2024 by practicing dermatologist and clinical researcher James Kilgour, MD. He identified the white space for menopausal hair loss during his time practicing as a dermatologist and began developing products. The range consists of two synergistic scalp serums, each priced at $89, and various bundles featuring these serums.WHY: The funding will be used to fuel new product development.IN THEIR OWN WORDS: Deborah Benton, founder and general partner of Willow, said on LinkedIn, "At Willow, we seek bold founders with a clear vision and products that solve real problems and build lasting trust. James Kilgour, MD, a board-certified dermatologist and founder of KilgourMD, is dedicated to providing solutions to women experiencing hair loss, thinning, and shedding at various life stages."Kilgour told WWD the raise took 18 months, but the company wasn’t in a position where the funding was completely necessary. “We wanted to find a partner that wasn’t just offering blind capital but was offering partnership, strategic guidance, support and mentorship.”DETAILS:KilgourMD closed a new funding round totaling $5 million led by Willow Growth Partners with participation from Joyance Partners and Able Partners.The business previously raised $400,000 in funding.The brand has a 55% retention rate for a 90-day period, witnessing double- to triple-digit growth month over month.Deborah Benton, founder and general partner of Willow, will join the brand’s board.