Despite their plethora of beautifying treatments, med spa services have often been viewed because the ugly duckling of the beauty industry — especially in the case of investing.
That's changing. Last yr, Millennial med spa Ever/Body, which offers laser facials, Botox, HydraFacial, fillers and laser hair removal, raised a $38 million Series B from a combination of investors including Tiger Global Management, Addition and Fifth Wall and later a $55.5 million Series C funding.
This yr, Upkeep, an app that permits users to search out, book and pay for med spa treatments, secured $2 million in seed funding, and most recently, private equity firm KKR took a “notable” minority stake in SkinSpirit, the biggest provider of Botox and filler within the country.
On...
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