Peace Out Skincare, a San Francisco, CA-based provider of skincare solutions, received $20M in funding.
The investment was made by 5th Century Partners.
The company intends to use the funds to accelerate growth to continue to expand domestically and internationally, roll out new products, ramp up operations and marketing spend, and make key hires.
Led by CEO Enrico Frezza, Peace Out Skincare helps to remedy skin imperfections and the personal struggles they caused. The company’s products are solutions that combine active ingredients with innovative technology so users can stop thinking about the skin. Peace Out has soon moved from an acne brand to a multi-generational skincare brand powered by patches and strips that address skincare concerns such as dark spots, wrinkles and pores. These solutions also include serums, cleansers and its encapsulated retinol eye and face sticks for preventive aging, in addition to everyday essential products designed for daily use. The brand now offers 12 skincare products, two of which are patented and five others which are patent pending. This year, Peace Out became a fully clean brand and launched on Amazon.com to continue to expand distribution. To date, more than 50,000,000 acne dots have been sold in Sephora locations around the world including Canada, Europe, the United Kingdom, the Middle East, Australia and New Zealand.
FinSMEs
08/11/2022