As a girl in her 20s with an Instagram account, I’ve witnessed the explosive rise and destigmatization of medical spa therapies. From the influencer I ran observe with in highschool posting promos for lip blushing and fillers, to continually discussing shopping for a Groupon for Child Botox with my pal Emily, these therapies have change into part of common dialog in a method they haven’t prior to now.
The underlying medical spa business has grown quickly alongside its new recognition, too. Medical spas are projected to be a $30 billion enterprise by 2030, in line with a report by Grand View Analysis. And the American Med Spa Affiliation experiences that the variety of clinics providing these therapies grew 62% from 2018 to 2022.
Traders are beginning to be aware of this business. Most of those medical spas — 81%, in line with American Med Spa Affiliation knowledge — are unbiased clinics or small companies. Personal fairness corporations are beginning to circle like vultures in search of out prime candidates for roll-up methods. Startups are constructing tech options for these small companies with VCs seemingly desirous to again them.
So after I noticed that RepeatMD, a vertical SaaS firm for the medical spa business, raised a large $50 million Collection A, I wasn’t shocked. However I did have one query.