$10 Mln Funding!!!

Perfect skin doesn’t exist yet skin conditions can be painful. People with chronic skin conditions live this duality. 

This reminds us that just as no two humans are alike on a cellular level, there is no one-size-fits-all solution to chronic skin conditions; what works for one person may not work for another.  

When we hear the term ‘chronic disorder,’ most of us think of things like diabetes, heart disease, and even cancer. 

Do you remember when you had acne? Maybe you still do. You probably had it for a very long time. Thus, it was considered a chronic skin condition. 

Skin disorders vary greatly in symptoms and severity. They can be temporary or permanent and may be painless or painful. Some have situational causes, while others may be genetic. Some skin conditions are minor, and others can be life-threatening. While most skin disorders are minor, others can indicate a more serious issue.

Chronic skin diseases, particularly psoriasis and atopic dermatitis, have a negative impact on patient’s quality of life. 

Skin diseases contributed 1.79% to the global burden of disease measured in disability-adjusted life years. It remains a major cause of disability worldwide.

Patients often experience significant psychological and social distress such as increased levels of depression and fear of stigma. Skin diseases can also impact patients’ occupational lives by causing them to miss work or be less productive. 

NICHE TO MAINSTREAM

If your skin works to hold in fluid and prevent dehydration, helps you feel sensations, such as temperature or pain. Keep out bacteria, viruses, and other causes of infection, stabilize your body temperature and create vitamin D in response to sun exposure, it is vital to know how massive the segment of treating chronic skin conditions offers in terms of market opportunities. 

Topicals, the revolutionary skincare company that seeks to transform the way people feel about their skin through effective products and mental health advocacy has announced $10 million in a new financing round. 

The funding will be used to further propel Topicals’ omnichannel growth, drive new hires, support channel expansion, and fuel brand marketing awareness. Topicals will also continue its mission of raising awareness around the connection between mental health and skin conditions.

Topicals were founded in 2020 by Olamide Olowe who is on a mission to marry self-care with treating skin-related conditions.

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