Glowbar, the skincare brand whose custom 30-min, $65, clinical-grade facial has made it a breakout success in New York, announces today it has received a $10 million growth investment led by Peterson Partners, a Salt Lake City-based firm whose investments have included Allbirds, solidcore, Bonobos, Rails Clothing, and Madison Reed.
With this investment, Glowbar is expected to double its studio count by the end of 2023. In addition to growing their Tri-state area footprint, the company plans to open additional markets along the Eastern seaboard. The capital will also be used to expand headcount across the organization, including senior leadership, and to further invest in state-of-the-art training for Glowbar’s 100+ licensed estheticians.
CEO and Founder Rachel Liverman sees Glowbar’s place within the vast beauty market as part of a holistic approach to wellness, with accessible and routine skincare playing a larger role, a term she has coined as “wellcare.” The studio experience delivers the expertise and efficiency expected from health services, with the accessibility that fits into a modern lifestyle – a key differentiator in the growing category.
“Glowbar is changing the way people take care of their skin, and we’ve spent the past few years perfecting our studios’ operations while honing in on exactly what our clients are looking for, all of which have given us a real runway for growth in the wellcare category,” said CEO and Founder Rachel Liverman. “We have built a strong foundation and want to continue to offer the best facials out there. So much of this raise is timed to prioritizing our forever first client – our team – and with new markets on the horizon, it felt like the natural moment to scale and further our mission to deliver digestible, results-driven skincare to the masses.”
This raise also comes on the heels of building out the company’s Board of Advisors with some of the heaviest hitters in the beauty industry. Drybar co-founder Alli Webb and Bluemercury co-founder Marla Beck both signed on in key advisory roles for the company’s next phase of growth.
“Glowbar has found a white space in the very saturated beauty world meeting an unfulfilled need for a quick, but extremely effective facial,” said Alli Webb. “With Rachel’s long history and love of skincare coupled with Glowbar’s results driven approach, this brand is ripe for massive expansion and growth. Glowbar is a game changer and is already seeing tremendous demand for their refreshingly simple and affordable concept. It reminds me of the early days of Drybar and I couldn’t be more excited and humbled to be an advisor and contributor to this one-of-kind business.”
“Seeing Rachel’s deep history and knowledge of the skincare industry, coupled with her thoughtful approach to taking the facial out of the dermatologist’s office, made it a natural fit for me to sign on as an advisor. Her vision for this brand is remarkable, the studio model is poised to scale, and the service model is outstanding. It’s a win on all fronts,” said Marla Beck.