MIAMI - Aesthetic Partners, a clinical aesthetics practice management company headquartered in Miami, has formed a strategic alliance with Norwest, a venture and growth equity firm. This partnership, announced Today, aims to accelerate Aesthetic Partners' expansion across the United States. Norwest's investment will bolster the company's infrastructure and assist in the growth of its clinic network.
Since its establishment in 2018 by co-CEOs Courtney Ellenbogen and Faraz Karbasi, Aesthetic Partners has experienced significant growth. The company has successfully incorporated 20 practices in states including California, Florida, North Carolina, and Virginia. The recent funding from Norwest is designated for further development of these clinics and to extend the company's reach into new markets.
Sonya Brown and Scott Mitchell from Norwest are set to join Aesthetic Partners' board of directors. They bring a wealth of knowledge from their over twenty years of experience in the clinical beauty and skincare industry, having been involved with successful businesses like PCA Skin, MAËLYS, and Face Reality.
Aesthetic Partners was originally incubated at Harvard and is distinguished as being female- and minority-owned. The company focuses on expanding its market presence rather than consolidating existing operations. Its growth strategy includes providing partners with talent development initiatives such as top-tier training programs, opportunities for promotion within the team, and access to a Medical Advisory Board that features industry-leading experts.
The financial details of Norwest's investment have not been disclosed. Norwest manages more than $12.5 billion in capital from its offices in Menlo Park and San Francisco and invests across a diverse portfolio of venture and growth equity assets. With this strategic alliance, Aesthetic Partners is poised to further its ambition of becoming an industry leader by partnering with founders who share their vision for excellence in clinical aesthetics.
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