Colorescience, a Carlsbad, CA-based suncare cosmetic company that sells products for women, completed a $6.5m debt financing.
The Life Sciences Group of Bridge Bank, a division of Western Alliance Bank, provided the facility, which is funded in two tranches with $4m funded immediately and $2.5m funded as early as September 1, 2016.
The company will use the funds for continued growth in the physician channel, further retail channel development and expand geographic reach into new markets.
Colorescience is a dermatologist approved suncare cosmetic company for women. It offers provides healthy suncare cosmetics made by refining minerals, pigments and nutrient dense ingredients to include enough natural zinc & titanium dioxide to protect people’s face. The company’s recently launched products include Even Up Clinical Pigment Perfector SPF 50 and Sunforgettable™ Tint du Soleil SPF 30 UV Protective Foundation.
The products are available through a network of licensed physicians, luxury spas, colorescience.com, online beauty retailers and on Sephora.com.