Nashville-based Skin Pharm has received a $15 million investment for its expansion plans.
The funding comes from Prelude Growth Partners, a female-founded private equity firm based in New York, according to a news release.
Skin Pharm will use the money to expand its brick-and-mortar clinics across the country, creating over 100 jobs, and to continue its product development.
The company currently has nearly 20 products and five clinics in Nashville, Atlanta, Charlotte, Dallas and Franklin. It plans to open locations in Houston and Alpharetta, Georgia, later this year.
“Skin Pharm has created a uniquely differentiated, trusted brand with a quality of experience and loyalty which is unrivaled in the industry,” said Neda Daneshzadeh, co-founder and managing partner of Prelude Growth, in the release. “We see long-term secular growth in this category driven by consumers seeking efficacy and results.”
Skin Pharm was founded in 2017 by CEO Maegan Griffin, a nurse practitioner. Her clinics are staffed with nurse practitioners and physician assistants offering treatments such as microneedling, filler, Botox and more.
“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,” Griffin said in the release. “We are excited to work with a female-founded growth partner that shares our passion for supporting women in business.”
Skin Pharm’s flagship clinic is located at 2416 21st Ave. S.
