Allies of Skin raises $20M from Meaningful Partners

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

The funds will be used to accelerate Allies of Skin's online and offline rollout in the U.S., including additional marketing, R&D and team building.

Nicolas Travis launched the science-led brand in 2016 with three products. The star of the trio, The 1A All-Day Mask was born from Travis' belief in double masks and combo treatments.

The line has grown since and now includes a complete skincare range formulated with high concentrations of clinically proven active ingredients such as retinoids, vitamin C and antioxidants, as well as biocompatible formulas to repairs, regenerates and trains skin to look its best with minimal steps.

The brand is currently sold in 36 countries through 40 retailers, including Space NK, Mecca, Sephora, Dermstore and Cult Beauty, as well as online through allies.shop.

"Building on Allies of Skin's success overseas, Meaningful Partners is committed to supporting the brand's exponential growth in existing markets and domestically," Allies of Skin said in a statement.

Jake Capps, managing partner at Meaningful Partners, said: "Having built a cult-like customer base through powerful formulas and cutting-edge new product development, we look forward to supporting the company alongside our talented beauty operations experts as they continue to focus on the vast U.S. market. With a pipeline of clinically supported new product launches, operational excellence and a strong team, Allies of Skin is well-positioned to succeed in the U.S. during the next phase of exciting growth."