THE WHAT? True Botanicals has announced a Series B investment from NextWorld Evergreen. Financial terms were not disclosed.
THE DETAILS The company will now be led by an all-female board: Hillary Peterson, Founder, Sandy Saputo, CEO, Tiffany Obenchain, NextWorld Managing Partner, Andrea Freedman, NextWorld Operating Partner and former CFO of Kendo Brands & Method Products, and Margarita Arriagada, Founder of Valdé Beauty and former Head of Merchandising at Sephora.
“Our alliance with NextWorld is exactly the kind of values-based partnership that will expand our brand’s mission to deliver the most luxurious and effective products that are safe for people and the planet” said Peterson.
THE WHY? The partnership will accelerate True Botanicals’ retail footprint while advancing its mission around social and environmental impact. Tiffany Obenchain, NextWorld Evergreen Managing Partner, reveals, “True Botanicals directly aligns with NextWorld’s deep conviction in clean beauty. It is a very special brand that delivers on quality, modern luxury and proven efficacy and is led by a powerful and proven team of beauty executives. We are very excited to partner with Sandy, Hillary, Margarita and the broader True Botanicals team to accelerate the brand’s growth.”
Medical aesthetic products refer to a category of products used in the field of medical aesthetics, which combines medical practices with cosmetic procedures to improve the appearance of individuals. These products are typically used under the supervision of trained medical professionals such as dermatologists, plastic surgeons, or specialized nurses. They are distinct from over-the-counter cosmetics in that they often contain higher concentrations of active ingredients or require medical expertise for their application.
Examples of medical aesthetic products include:
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Dermal Fillers: Injectable substances used to restore volume, fill wrinkles, and enhance facial contours. These may include hyaluronic acid fillers like Juvederm or collagen-stimulating fillers like Sculptra.
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Botulinum Toxin (Botox): Injectable neurotoxins used to temporarily paralyze facial muscles, reducing the appearance of wrinkles and fine lines caused by facial expressions.
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Chemical Peels: Solutions containing chemical exfoliants like glycolic acid, salicylic acid, or trichloroacetic acid, used to improve skin texture, treat acne scars, and reduce hyperpigmentation.
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Laser and Light Devices: Equipment used for various skin treatments, including hair removal, skin resurfacing, tattoo removal, and treatment of vascular and pigmented lesions.
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Prescription Skincare Products: Formulations containing active ingredients such as retinoids (e.g., tretinoin), hydroquinone, or prescription-strength antioxidants, designed to address specific dermatological concerns under medical supervision.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production and improve skin texture and elasticity.
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Cosmeceuticals: High-quality skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing biologically active ingredients with proven efficacy.
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