Formula Skin raises 30 million euros

The Berlin start-up offers customized skincare products. The concept convinces new and old investors.

The skincare start-up Formel Skin has, according to information from Gründerszene raised 30 million euros. Singular is a new investor and led the Series A financing round. Other investors include Heal Capital, Cherry Ventures, Heartcore Capital and Vorwerk Ventures. Since its foundation in 2019, the start-up has received a total of 36 million euros in investor funding. The start-up would like to use the fresh capital to expand.

Sarah Bechstein, Anton Komonov and Florian Semler founded Formel Skin in Berlin in 2019. Formel Skin is currently only represented in Germany and Switzerland. The Berlin-based start-up operates a digital platform for the remote treatment of skin conditions such as acne, rosacea and melasma. Customers have to fill out a questionnaire and send in three photos of their skin. The start-up's dermatologists then put together a personalized prescription, which is sent out on a subscription basis for 49 euros per month. The doctor assigned to the patient accompanies them throughout their treatment, carries out check-ups and adjusts the medication according to their individual needs.