Allies of Skin Secures US$20M for US Expansion
THE WHAT? Allies of Skin has received US$20M from LA-based Meaningful Partners to expand into the US market, focusing on digital and retail growth, marketing, product development, and building a US team. This funding aims to leverage Allies of Skin’s strong international presence and acclaimed skincare portfolio for a successful US launch.
THE DETAILS Founded by Nicolas Travis in 2016, Allies of Skin is dedicated to creating clinical-grade, science-led skincare, evolving from three products to a comprehensive collection favored globally. The brand’s growth has been supported by celebrity endorsements and dermatologist approval, making it available in 36 countries and setting the stage for expansion with Meaningful Partners’ investment.
THE WHY? Meaningful Partners, focusing on businesses that combine purpose with profit, is excited to support Allies of Skin’s US expansion, recognizing the brand’s strong customer base and product innovation. This partnership anticipates leveraging Allies of Skin’s success for further growth in the science-backed skincare segment, with strategic and legal guidance provided by Raymond James, Greenberg Traurig, and Withers.
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