Total amount raised
$22.6M
Latest funding date
2026-01-08
Location
Topicals has raised funding over five rounds, attracting investors including notable names like Angel Reese and Rema. The latest funding round, announced in January 2026, had an undisclosed amount, with the brand reporting over $22.6 million raised in total since its 2020 launch.
Keep reading to explore the intricacies of Topicals' fundraising journey and the investors backing this innovative skincare brand.
Topicals has raised funding over five rounds, attracting investors including notable names like Angel Reese and Rema. The latest funding round, announced in January 2026, had an undisclosed amount, with the brand reporting over $22.6 million raised in total since its 2020 launch.
Keep reading to explore the intricacies of Topicals' fundraising journey and the investors backing this innovative skincare brand.
What Is Topicals?
Topicals is a beauty and skincare company based in Santa Monica, California. Specializing in e-commerce, community, and beauty devices, the company operates in the beauty, cosmetics, and health care industries. Founded in 2020 by Olamide Olowe, Topicals is committed to offering science-backed formulas and quality active ingredients.
The brand emphasizes inclusivity for all skin shades and conditions, ensuring that their products are vegan and cruelty-free. Topicals aims to transform the way people feel about their skin by addressing specific concerns such as dark spots, discoloration, and dry, eczema-prone skin.
How Much Funding Has Topicals Raised?
- Seed Round
- Amount Raised: USD 2,600,000
- Date: August 2020
- Lead Investors: Lerer Hippeau
- Participants: Mucker Capital, Humble Lukanga, Bozoma Saint John, Hannah Bronfman, Issa Rae, Yvonne Orji, and others
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch a skincare brand addressing chronic skin conditions for Gen Z consumers, including eczema, discoloration, and dark spots, with a focus on inclusivity and mental health advocacy.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: November 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding the business and addressing unmet needs in the skincare market.
- Series A
- Amount Raised: USD 10,000,000
- Date: November 2022
- Lead Investors: CAVU Consumer Partners
- Participants: Marcy Venture Partners, Gabrielle Union, Kelly Rowland, Hannah Bronfman, Bozoma Saint John, Yvonne Orji
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate omnichannel growth, enhance recruitment, expand channels, increase brand marketing, and fund a 12-month mental health nonprofit accelerator program.
- Series A (Extension)
- Amount Raised: Not publicly disclosed
- Date: February 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the company's market presence and product offerings.
- Undisclosed Round
- Amount Raised: Not publicly disclosed
- Date: January 2026
- Lead Investors: Not publicly disclosed
- Participants: Angel Reese, Rema, Asika (manager of Davido), and other entertainment and sports figures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To tap cultural leaders in lieu of traditional institutional investors, and to expand the brand's reach among younger and male consumers globally.
Total Amount Raised: At least $12,600,000 based on disclosed funding (the brand reports over $22.6 million raised in total, with multiple round amounts undisclosed). Current Valuation: Not publicly disclosed.
Key Investors
- CAVU Consumer Partners
- Details: CAVU Consumer Partners is a venture-capital firm that led the $10 million Series A funding round for Topicals in November 2022. Jenna Jackson, Principal of Growth at CAVU, joined Topicals' Board of Directors.
- Investment Focus Areas: Food and Beverage, Pet, Beauty, Wellness, Human Performance.
- Notable Investments: Beyond Meat, Oatly, Hims & Hers, Nécessaire.
- Lerer Hippeau
- Details: Lerer Hippeau is a New York-based venture capital firm that led Topicals' August 2020 seed round, helping launch the brand.
- Investment Focus Areas: Media, E-commerce, Technology, Consumer Products.
- Notable Investments: BuzzFeed, Warby Parker, Glossier.
- Mucker Capital
- Details: Mucker Capital is a venture capital firm that participated in Topicals' initial seed round in August 2020.
- Investment Focus Areas: Technology, Consumer Products, E-commerce.
- Notable Investments: Honey, ServiceTitan, TaskRabbit.
- Marcy Venture Partners
- Details: Marcy Venture Partners is a venture capital firm co-founded by Jay-Z, focusing on consumer products and technology. They participated in Topicals' Series A round.
- Investment Focus Areas: Consumer Products, Technology, Media.
- Notable Investments: Savage X Fenty, Partake Foods, Hungry.
- Angel Reese
- Details: Angel Reese is a WNBA professional basketball player who participated in Topicals' January 2026 undisclosed funding round.
- Investment Focus Areas: Sports, Health, Consumer Products.
- Notable Investments: Not publicly disclosed.
- Rema
- Details: Rema is a Nigerian music artist who participated in Topicals' January 2026 undisclosed funding round and also joined as a creative partner, advising on marketing to younger and male consumers globally.
- Investment Focus Areas: Entertainment, Consumer Products.
- Notable Investments: Not publicly disclosed.
What's Next for Topicals?
Topicals is poised for significant growth, leveraging opportunities in omnichannel expansion, recruitment, and brand marketing. With $10 million in Series A funding, the company plans to enhance its market presence and launch a 12-month accelerator program for mental health nonprofits. The skincare market's increasing focus on science-backed products and mental health advocacy aligns well with Topicals' mission.
Future fundraising appears promising as the brand continues to attract high-profile investors and venture capital firms. However, challenges such as maintaining rapid growth, scaling operations, and navigating a competitive market remain. Successfully addressing these hurdles will be crucial for Topicals' sustained success and potential future acquisitions.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data on companies like Topicals and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
