Formel Skin secures €5 million from Vorwerk Ventures, Cherry Ventures and Heartcore Capital.

Germany Denmark Investments 10 January 2021
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Formel Skin, a Berlin, Germany-based DTC producer of dermatology products, secured a funding round totalling €5 million ($6M).

The money was raised from investors including Vorwerk Ventures, Cherry Ventures and Heartcore Capital.

Formel Skin, founded as True Skin at the end of 2019 by Anton Kononov and Florian Semler, aims to create a new solution against skin impurities using a holistic approach and medical care together with dermatologist, Dr. Sarah Bechstein. Based on that, the company offers medical and science-based solutions to effectively tackle a broad set of dermatological conditions (e.g. acne). The products are customized according to the medical needs and skin conditions of individuals after an online check-up with dermatologists.

Formel Skin previously raised money from Heartcore and Cherry Ventures.