New York

Glowbar Raises $10M To Make Clinical-Grade Facials Available For Just $55/Month – AlleyWatch

Even before the pandemic, interest in skin care was on the rise. Years of holding the equivalent of a digital mirror on a Zoom call, constantly staring at ourselves, have made us pay more attention to our appearance. As a result, many have accessed professional skin care services for the first time, and for others, the importance of skin care regimens has been reinforced. grover is the operator of a skincare studio that offers members $55 a month for 30 minute facials. Non-members can reserve her for $65. The startup currently has six of her locations across the tri-state her area, with plans for six new her locations in both the adjacent neighborhoods and the East Coast in 2023. Glowbar’s team of over 100 estheticians are trained to provide dermaplaning, chemical peels, extractions, LED, microcurrent, or radiofrequency treatments during client visits. Focusing only on injections, botox, fillers, lasers, and other popular no-additional facial treatments, Glowbar makes facials her day away from going to the spa or seeing a dermatologist. It’s more convenient, more accessible, and less expensive than has traditionally been carried out around

alley watch Catch up with Glowbar’s Founder and CEO Rachel Lieberman To learn more about the business, the company’s strategic plans, recent funding rounds and more…

Who are your investors and how much did you raise?

our investors Peterson Partnersa Salt Lake City-based company that produces Allbirds, Bonobos, [Solidcore]and Madison Reed.

Raised in a $10 million Series A round.

What products or services does Glowbar offer?

Glowbar offers 30 minute, $65 clinical grade facials that are a huge success in New York. We have reinvented the facial experience with our quick and effective approach to facials. Our experience includes esthetician-led research to better understand a client’s needs and determine a treatment plan that includes dermaplaning, chemical peels, extractions, LED, microcurrent, or radiofrequency.

The monthly fee is $55, which includes one treatment per month and 10% off retail products. Standalone reservations are also available for $65.

What inspired you to start Glowbar?

As a third generation esthetician, my grandmother founded the first fully accredited aesthetic institution in the United States. I saw a void in the skin care industry. There was a great opportunity to make skin care inclusive for all and as achievable as we’ve come to expect from other traditional health services, and our growth is proof of that.

Our vision is rooted in effective results and customized experiences.

How is Grover different?

Glowbar makes skin care accessible to everyone by offering facials that fit every lifestyle and budget. Glowbar’s professional, no-frills facial treatments help consumers achieve their skincare goals without the time and expense. This is a comprehensive, affordable, time sensitive facial with long lasting effects so anyone can add his Glowbar facial to their routine.

Glowbar’s mission is to empower people to feel confident in their skin. Our facial treatments are meant to make you feel good from the inside, because when you look good, you feel good.

What is Glowbar’s target market and how large is it?

skincare, beauty, health, wellness and consumer lifestyle markets. These are all continuously growing markets. Currently, we are focused on New York and Connecticut, with plans to expand our footprint in 2023.

what is your business model?

Glowbar offers a clinical-grade approach to facials that sits at the intersection of dermatologists and spas, empowering consumers to achieve their skin care goals without the pain points of time, money and lack of confidence.

How are you preparing for a potential economic slowdown?

Glowbar’s membership program is built to accommodate any budget. We know that even in times of economic decline, people continue to invest in what we call ‘well-care’. This is a sector that offers the efficiency and expertise we have come to expect from health services, with accessibility to suit all lifestyles. wants to be a priority.

What was the fundraising process like?

Our team found the fundraising process exciting and vibrant. There is nothing we love more than talking about our growth and vision for the future.

What was the biggest challenge you faced in raising capital?

Fundraising is a lot like dating. Great partnerships require aligned timing, values, vision and energy, so finding the perfect match can take time. I strongly believe that all money is green. As such, the focus has been on bringing together people who share the same philosophy and values, trust and enjoy working together to grow Glowbar. We believe we found it at Peterson Partners.

What factors in your business are driving investors to write you checks?

Our greatest asset is our people, and in my opinion, the right investors were looking to invest in just that. Without the right people, it is impossible to do a good business. It doesn’t matter if it’s a great business. It also helps that we have a best-in-class business model for today’s market and broader future growth.

What milestones do you plan to achieve in the next six months?

We plan to open 3 new stores in the next 6 months.

What advice can you give to New York companies that haven’t injected fresh capital into their banks?

Think carefully about what you invest in and always keep an eye on profitability. Invest in what really matters to your customers. If you don’t know what it is, look it up right away.

Think carefully about what you invest in and always keep an eye on profitability. Invest in what really matters to your customers. If you don’t know what it is, look it up right away.

Where do you see the company going now in the near future?

Glowbar expects rapid expansion in the near term, with plans to more than double the number of studios by the end of 2023, both in the tri-state area and in other markets. We continue to invest in cutting-edge training for our 100+ licensed estheticians, expanding our workforce across the organization, including senior management.

Where is your favorite coffee shop or location in the city to hold a meeting?

West Village Blackstone Coffee. I learned something from them about customer service and hospitality!

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sign up today Glowbar Raises $10M To Make Clinical-Grade Facials Available For Just $55/Month – AlleyWatch

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