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The founder and CEO of Topicals, one of the fastest growing skin care brands on the market, has become the youngest black woman ever raising over $2 million in venture funding at just 26 years old.

In accordance with Forbes, Alameda OloweThe 26-year-old head of Topicals, entered history last week, the skincare brand announced $10 million in funding led by CAVU Consumer Partners. Olowe surpassed her previous fundraising of $2.6 million, landing her on the Forbes 30 Under 30 list in 2022.

Founded in 2020 and now Sephora’s fastest-growing skincare brand, Topicals has found success appealing to Gen-Z customers through TikTok and Instagram marketing, aesthetic packaging and mental health advocacy. The company’s revenue tripled from 2020 to 2021, according to Forbes. Topicals sold one product every minute in 2022.

In addition to sales, the brand aims to end the stigma surrounding skin conditions such as psoriasis and hyperpigmentation. Topicals has created innovative products to treat these conditions using ingredients and herbs scientifically proven to be effective in peer-reviewed clinical studies.

Topicals will use the CAVU funding for brand expansion and awareness. $10 million will also be used to launch a 12-month accelerator program to support mental health nonprofits.

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