OLAMIDE OLOWE IS YOUNGEST BLACK WOMAN EVER TO RAISE $10 MILLION IN FUNDING

Topicals skincare has announced a $10 million financing round led by CAVU Consumer Partners. The 26-year-old founder and CEO, Olamide Olowe, is the youngest

Black woman ever to raise more than $2 million in venture funding. Already she was included in the Forbes 30 Under 30 list for 2022 for her previous fundraising of $2.6 million.

The fastest-growing skincare brand at Sephora, Topicals appeals to Gen-Z consumers through its TikTok and Instagram marketing, eye-catching packaging, and mental health advocacy. Founded in 2020, Topicals saw revenues increase three-fold in 2021. In 2022, the company sold one product every minute.