THE WHAT? Peace Out Skincare has announced that it has received a US$20 million investment from 5th Century Partners, its first outside investment.
THE DETAILS The brand’s range currently spans 12 skin care products from treatments to acne to anti-wrinkle solutions. The clean skin care line recently launched on Amazon and continues to expand distribution.
“We are so excited to partner with 5th Century Partners which shares our social values and core ethos to help us realize Peace Out’s bright future,” said Enrico Frezza, Founder and CEO of Peace Out Skincare. “This investment will enable us to expand Peace Out domestically and globally, while significantly growing our product offering. Additionally, we will drive stronger marketing and engagement campaigns while providing clean, fun and effective easy-to-use skincare solutions to our customers. We are looking forward to 5th Century Partners’ ongoing insight and support as we continue to champion skinclusive skincare around the world.”
THE WHY? The investment will help fund the acne specialist’s ambitions as it continues to expand domestically and internationally, rolls out new products, ramps up operations and marketing spend and make key hires.
Catie Bennett, Managing Director at 5th Century Partners explains, “Our collaboration with Peace Out is driven by our shared passion to create positive impact for communities as well as Peace Out’s emphasis on inclusion, which aligns with 5th Century Partners’ belief that diversity is a core tenant of financial success. Peace Out is a rapidly growing business that delivers superior products, and we look forward to partnering with the team to expand on the incredible momentum they have built over the last five years.”