11.15.21
Skinfix has announced it has received a minority investment from Stride Consumer Partners.
The deal marks the first investment from the new private equity firm started by a former team from Castanea Partners. Stride's stake in Skinfix furthers their mission to work with passionate founders and women-led businesses to build the next generation of great consumer brands.
Founded by Amy Gordinier in 2014 after she discovered a powerful 19th century formula for treating eczema, Skinfix has since expanded to heal, replenish and maintain the vital skin barrier for healthy skin on both face and body.
The brand is growing 300% versus prior year and its bestselling Barrier+ Triple Lipid-Peptide Cream is the number four moisturizer at Sephora North America, based on retail dollar sales. The product, shown above, is also an 'Allure Best of Beauty' winner and one of WWD's '100 Greatest Skincare Products of All Time.'
Nicole Fourgoux, Stride operating partner, says, "Skinfix was on our list of brands to watch from the start because of its unique and powerful positioning in the space of 'cleanical' skincare. With a clear mission to improve skin barrier health and their addictive, clean and clinically performing formulas, the Skinfix team has built an amazing brand with great potential."
Amy Gordinier, Skinfix founder and CEO, comments, "We're thrilled to have the opportunity to work with the Stride team and benefit from their deep and varied experience building timeless brands. As a white-space brand looking ahead to the future of science-led skincare innovation, we believe that Stride is the right partner to help us grow and realize the possibilities ahead."
Steve Berg, Stride partner, says, "Amy is a dynamic, passionate founder joined by a talented team. They're building the next great skincare brand and we're honored to work alongside them."
Nicole Fourgoux and Steve Berg will join the Skinfix board of directors. Piper Sandler represented Skinfix in the transaction.
Photo: CNW Group/Skinfix