Peace Out Skincare receives $20M investment
Peace Out Skincare has received a $20 million growth investment from 5th Century Partners.
The brand, known best for its Acne Dots, will use the investment to help fund its ambitions, domestic and global expansions, new product innovations, ramped-up operations, marketing spending and critical hires, the company said.
[Read more: Peace Out Skincare targets dark spot, pigmentation concerns with brightening solution]
“We are so excited to partner with 5th Century Partners, which shares our social values and core ethos to help us realize Peace Out’s bright future,” said Enrico Frezza, founder and CEO of Peace Out Skincare. “This investment will enable us to expand Peace Out domestically and globally, while significantly growing our product offering. Additionally, we will drive stronger marketing and engagement campaigns while providing clean, fun and effective easy-to-use skin care solutions to our customers. We are looking forward to 5th Century Partners’ ongoing insight and support as we continue to champion skinclusive skin care around the world.”
Since launching its signature Acne Dots, the brand has worked to evolve its portfolio to meet a variety of skin care needs with products that target such concerns as dark spots, wrinkles and pores, as well as serums, cleansers and encapsulated retinol eye and face sticks.
[Read more: Peace Out Skincare works to minimize pores with Instant Pore Perfector]
“Our collaboration with Peace Out is driven by our shared passion to create positive impact for communities as well as Peace Out’s emphasis on inclusion, which aligns with 5th Century Partners' belief that diversity is a core tenant of financial success,” said Catie Bennett, managing director at 5th Century Partners. “Peace Out is a rapidly growing business that delivers superior products, and we look forward to partnering with the team to expand on the incredible momentum they have built over the last five years.”