NASHVILLE, Tenn.--(BUSINESS WIRE)--May 16, 2023--
Skin Pharm, a modern beauty brand and leading aesthetic skin care clinic, today announced the company has received a minority investment from Prelude Growth Partners, a female-founded growth equity firm focused on high-potential, fast-growing consumer brands. The fifteen-million-dollar 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.
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Skin Pharm's Franklin, Tennessee aesthetic skin care clinic. (Photo: Business Wire)
Skin Pharm is a leading provider of aesthetic skin care 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 skin care 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 combined plastic surgery and dermatology experience, Maegan Griffin founded Skin Pharm in 2017, aiming to create a clinic environment and product line she sought as a patient herself. Griffin has steadily built a team of advanced practice providers — all nurse practitioners and physician assistants — to carry out her vision of innovative work in aesthetic skin care and facial rejuvenation techniques, offering patients a balanced approach to beauty and anti-aging. Griffin has effectively transitioned from ICU nurse to beauty mogul, with five operating clinics (and counting) and a thoughtful, effective product line with a cult-like following among celebrities, notable talent and influencers.
“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.”
For more information about Skin Pharm, to book an appointment or shop their product line, visit skinpharm.com and follow @skin_pharm on Instagram, TikTok and Facebook.
About Skin Pharm
Founded by nurse practitioner Maegan Griffin in 2017, Skin Pharm is a modern beauty brand offering in-clinic treatments and a clinical skin care line. Skin Pharm is headquartered in Nashville, TN and is a leading aesthetic skin care practice with clinics nationwide in Nashville, TN; Atlanta, GA; Charlotte, NC; Dallas, TX; and Franklin, TN. Skin Pharm’s advanced practice providers promote skin health and inspire confidence with custom treatment plans, product recommendations and natural, never-overdone results. The brand’s award-winning product line empowers customers to best care for their skin at home and has garnered attention from a loyal customer base across the country, including celebrities, influencers and professional athletes, among others. For more information on Skin Pharm, visit skinpharm.com and follow @skin_pharm on Instagram, TikTok and Facebook.
About Prelude Growth Partners
Prelude Growth Partners is a growth equity firm that supports brands made for the new modern consumer. Prelude Growth partners with founders and CEOs to provide deep category experience, value-added operational support and a broad network to power the high potential, fast-growing consumer brands of tomorrow. Prelude Growth seeks to make investments of $10 million to $50 million in each company, across branded consumer categories including personal care, beauty, food & beverage, baby, pet, health & wellness and other consumer product, service and technology companies. Investments include: Naturium, Summer Fridays, Westman Atelier, MadeGood, Banza, Sol de Janeiro, Blueland, So Good So You, Bachan's, 8Greens, dpHUE and Fly By Jing. For additional information on Prelude Growth, please visit www.preludegrowth.com.
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SOURCE: Skin Pharm
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PUB: 05/16/2023 08:00 AM/DISC: 05/16/2023 08:02 AM
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