Olamide Olowe Becomes Youngest Black Woman To Raise $10M In Venture Funding For Topicals

At just 26 years old, Olamide Olowe has made history as the youngest Black woman to raise $10 million in venture funding for her skincare brand, Topicals.

Founded in 2020, Topicals has rapidly emerged as a leader in the beauty industry, focusing on science-driven solutions for chronic skin conditions.

The brand’s innovative approach has resonated with customers, earning it the title of the fastest-growing skincare brand at Sephora. In 2022, Topicals reported an extraordinary milestone, selling one product every minute—a testament to its effectiveness and widespread appeal.

Olowe’s achievement is a groundbreaking moment for Black women in entrepreneurship, a demographic that has historically faced barriers in accessing venture capital. Her success not only highlights her business acumen but also sets a powerful example for underrepresented founders.

With this latest funding round, Topicals plans to expand its product line, enhance its reach, and further its mission of destigmatizing skin conditions while prioritizing inclusivity and representation.