PARIS — Innerskin aesthetic clinic has raised 5 million euros to assist speed up its growth.

The fundraising was led by Label Capital — which was founded by Véronique Morali, Eléonore Oudea and Gaspard de Sarnez — alongside strategic co-investors, including CF Partners, the Carle family office, and existing investors.

Chrystelle Eid identified a white space, then launched Innerskin in 2022.

“Aesthetic medicine is a booming market, and there’s an enormous unfulfilled demand,” said the chief, who formerly worked in finance. “I saw how consumers are increasingly on the lookout for technology-based services, and there’s not much offering in Europe.”

What there is usually lags behind the offer within the U.S. and Asia.

Eid’s parents are each aesthetic doctors. “So I knew the market thoroughly,” she said.

Eid set out to determine her clinics with best-in-class tech, similar to laser and radio frequency.

“What we’re doing is making these aspirational technologies available to everyone,” she said. “We’re medically endorsed, and that’s really what people want today.”

Eid was the draw for Label Capital.

“Chrystelle is de facto certainly one of the highest entrepreneurs we’ve seen on this consumer [space],” said Oudea, explaining she has expertise in each finance and the business of aesthetic clinics. “That is the predominant [reason] why we’re investing in Innerskin — it’s her.”

Eid said she selected the name Innerskin because “with the medical devices that we’ve got, we are able to really go deep within the skin.”

The clinic’s clients generally range in age from 25 to 60. People there are given a treatment plan. “It’s never a one shot,” said Eid.

Innerskin’s first opening took place in September 2022. Fast-forward to today, and it has nine locations in France, including 4 clinics within the Paris region measuring around 540 square feet each, locations in hotels within the likes of Saint-Tropez and Courchevel, and in Galeries Lafayette department store. Innerskin clinics are accessible from the high street.

The brand new funds shall be used to step up the corporate’s development pace much more. In France, Innerskin is predicted to have six clinics by year-end, then open one clinic every six weeks with a purpose to finish 2024 with 15 to 18 clinics. Expansion abroad could begin in 2025.

“The ambition with Innerskin is to change into the leader within the European market,” said de Sarnez.

This marks the second funding round for the aesthetic clinic, which last 12 months raised 3 million euros.

Label Capital is a consumer fund investing mostly in European entrepreneurs of their first phase of development, who need to speed up and expand business.

“We’re attempting to be the primary institutional investor to support them,” said Oudea.

Label Capital invests between 2 million euros and 5 million euros. Outside of Europe, it plans to be a co-investor, together with local partners or funds.

Label Capital, dedicated to wellness as an entire, has three predominant sectors of investment, with the predominant give attention to consumer health care.

“Innerskin may be very illustrative of our thesis, because we’ll try to seek out newcomers within the health care space each from existing offers but with a premium side and with a differentiator within the dental market, the optical market and the vet market, for instance,” said Oudea.

Label Capital’s second investment, after Innerskin, was in Paris Dental Studios.

Also on the firm’s health care radar are corporations that play into longevity, mental health, and integrative and preventive medicine trends.

“One essential thing for us is what we call the ‘consumerization of health care,’” said de Sarnez, explaining that the main focus is on health care players constructing brands around service, quality and experience, “which is a really recent trend, at the least in Europe.”

Label Capital’s second focus is beauty — each services and products.

“Innerskin can also be super illustrative of that, with a network of clinics with an enormous amount placed on services and quality,” said Oudea. “We’re taking a look at skincare, hair care and private care products, as well.”

Label Capital’s third portfolio focus is on food and beverage, involving services and products with eco-friendly attributes that might disrupt a market.

“The road is getting blurrier between all these sectors to form mainly one big wellness offering, and Innerskin is an excellent example of this,” said de Sarnez. “It’s health care, in a way. It’s managed by health care practitioners, but it surely is consumed as a beauty service.

“It’s a flagship deal by way of what we would like to do,” he said.