Allies of Skin raises $20 million for US expansion

Singapore-based skincare brand Allies of Skin has secured a $20 million investment from Meaningful Partners.

According to reports, the funds will go towards enhanced marketing strategies, intensified research and development efforts, and team infrastructure, particularly in the United States market.

Founded by Nicolas Travis in 2016, Allies of Skin emerged with a science-driven approach, initially launching with three products. The brand has since expanded its product line to include a comprehensive range of skincare solutions, backed by clinically proven actives such as retinoids, vitamin C, and antioxidants.

Best selling products include the Peptides & Antioxidants Firming Daily Treatment, the Molecular Silk Amino Hydrating Cleanser, and the Peptides & Omegas Firming Eye Cream. It is currently available in 36 countries through a network of 40 retailers, including Space NK, Mecca, Sephora, Dermstore, and Cult Beauty. 

Meaningful Partners has previously invested in partner companies including Suja, the only scaled U.S. manufacturer of cold-pressed juices and wellness shots and Sugarbear, a vegan vitamin-based solutions made in the U.S.A. with organic and plant-based ingredients, among others.