Ever/Body raises US$55.5M in series C funding, plans cosmetic-derma industry “transformation”
10 Jun 2022 --- Ever/Body has raised US$55.5 million in a series C funding, bringing the company’s capital to over US$100 million since its 2019 launch. The funding will be used for national expansion in the US and advancing technology and education programs for providers.
“Our goal is to change the industry from the inside out,” says Amy Shecter, CEO at Ever/Body.
“For our providers, we’ve built a more advanced career path with ongoing education and professional development. For our clients, we’ve coupled this provider expertise with a tech-enabled service experience that supports their beauty and wellness goals.”
The company shares that the demand for cosmetic dermatology has risen due to broader social acceptance and more people willing to invest in self-care. During the COVID-19 pandemic, self-care has significantly risen.
As a result of consumer behavior, the company expects the cosmetic dermatology industry to grow from US$73 billion to $129 billion by 2028. Its business reflects this as its revenue grows over 100%, driven by new and repeat clients.
The round was led by Addition with Tiger Global, ACME Capital, Declaration Capital, Fifth Wall Ventures, and Redesign Health. Imaginary Ventures participated as a new investor.
The company expects the cosmetic dermatology industry to grow from US$73 billion to $129 billion by 2028.
Proprietary training program
Ever/Body has created a proprietary training program for providers to enhance their care services.
The training includes 300 to 500 hours of clinical practice and lectures. The program is also led by the company’s educators and external experts.
“Ever/Body is reimagining cosmetic dermatology with an offering powered by technology and supported by an inclusive, high-quality standard of care,” adds Jason Schneider at Addition.
“The brand’s approach to service, combined with provider expertise, is positioned to grow the category, and we look forward to supporting Amy and the Ever/Body team as they expand their footprint.”
The company aims to expand its mission to the market by first opening six locations across the East Coast, US, by the end of the year. Including adding three more locations in New York City and another three in DC.
Edited by Venya Patel
