Skin + Me, a provider of virtual medical advice for skin care, raised over €11 million (£10 million) in Series B funding.
Octopus Ventures led the investment round. Across Series A and Series B funding, Octopus Ventures has invested a total of £13 million in Skin + Me — to commercialize its services.
With additional capital, the startup intends to grow its teledermatology services across Europe.
Skin + Me, a three-year-old startup that aims to change the status quo of skincare by offering a more consumer-friendly, prescription-based and personalized approach. The startup has developed a teledermatology service that offers virtual customized care for skin conditions such as acne, rosacea, dark spots and pigmentation, or skin concerns like visible pores, fine lines or texture.
How it works
Users fill out a questionnaire online and can then subscribe to a personalized skincare plan. Treatment plans are designed by consultant dermatologists and formulated by pharmacist prescribers.
Commenting on the funding news, Horatio Cary, Co-founder and CEO of Skin + Me, said: “The global skincare industry is worth £140 billion, and more than 50% of consumers are dissatisfied because they want a product that works. We built Skin + Me to make medical skincare, proven to be far more effective than any cosmetic product through decades of clinical studies, accessible to everyone. Loyalty and customer love for our products followed because they deliver results.”
Digital skin care startups
According to our database, telehealth companies providing skin care have raised more than $1 billion in funding to date. The latest funding rounds in digital skin care include – Diri Care, a telemedicine startup providing treatment for skin problems, hair fall, and sexual health concerns, which raised $4.3 million in Seed funding led by East Ventures and Surge, a rapid scale-up program for startups by Sequoia Capital India and Southeast Asia. In another deal, CureSkin, a provider of personalized treatment plans for skin, hair, body, and other personal care concerns – via a mobile app, raised $5 million in Series A funding led by JSW Ventures.
