Remedy Raises $20 Million Series A Led By L Catterton With Participation From Norwest And Sonoma

Remedy, a skincare brand founded by dermatologist Dr. Muneeb Shah, has completed a $20 million Series A investment round. The funding was led by L Catterton, with participation from existing investor Norwest Venture Partners and new investor Sonoma Brands.

Summary of transaction details:

• Deal Type: Series A
• Transaction Amount: $20,000,000
• Company Name: Remedy
• Founder: Dr. Muneeb Shah
• Notable Investors: L Catterton, Norwest Venture Partners, Sonoma Brands
• Annual Sales: Approximately $50 million

Founded and led by Dr. Muneeb Shah, Remedy has been profitable since its inception. The company plans to utilize the new capital to enhance clinical research, expand product development, and increase retail distribution in response to its nationwide rollout at Target and growth in digital sales channels.