Skin Pharm, the chain of skincare clinics with a branded product line founded by ICU nurse turned beauty mogul Maegan Griffin, landed a $15 million minority investment to help fuel expansion plans.
WHO: Maegan Griffin, a board-certified nurse practitioner with plastic surgery and dermatology experience, founded Skin Pharm in 2017 with the aim of creating a clinic environment and product line she sought as a patient herself. Griffin has steadily built a team of nurse practitioners and physician assistants to carry out her vision of aesthetic skincare and facial rejuvenation techniques, offering patients a balanced approach to beauty and anti-aging. The clinics offer injectables, microneedling, laser treatments, and chemical peels in its five locations in Nashville and Franklin, Tennessee; Atlanta, Georgia; and Charlotte, North Carolina. New outposts in Alpharetta, Georgia, and Houston, Texas are slated to open soon. The business launched a branded skincare range in 2018, with nearly 20 products that are sold in clinics and on Skin Pharm’s website.
Prelude Growth Partners is led by Neda Daneshzadeh and Alicia Sontag, who together bring more than four decades of complementary expertise in the consumer industry. Since its inception in 2017, the team has raised more than $335 million across its funds and backed leading consumer brands, including Banza, 8Greens, Summer Fridays, dpHUE, So Good So You, Westman Atelier,Blueland, and The Center. Sol de Janeiro, a brand the firm backed, was acquired by L’Occitane at a $450 million valuation in 2021.
Prior to co-founding Prelude Growth, Ms. Daneshzadeh served as a partner at L Catterton, the global consumer-focused private equity firm. Previously, Alicia Sontag was Global President of Beauty at Johnson & Johnson Consumer Companies, where she led a portfolio of over 10 iconic brands. The fund seeks to partner with passionate, purpose-driven founders in attractive consumer categories, including personal care, beauty, food and beverage, baby, pet, health and wellness, and household.
Prelude also has investments in Summer Fridays, Westman Atelier, Blueland, and The Center, among other brands.
WHY: The investment will fund the business's nationwide expansion plans and ongoing product development.
IN THEIR OWN WORDS: “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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