Colorescience Lands $10M For Cosmetics

Carlsbad-based Colorescience, the aesthetic medicines business spun out of SkinMedica when that company was acquired by Allergan, has raised $10M in a Series A funding round today. The company said the funding came from its existing investors, which include Split Rock Partners and Montreux Equity Partners. Both of those companies are adding executives to its board of directors. Colorscience spun out of Skinmedica, after SkinMedica was acquired by Allergan in December of last year. Colorescience is developing mineral-based cosmetics with SPF protection. More information »