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FORMEL Skin
Online dermatology solutions
- 101-200 employees
- Healthcare
- B2C
- Personal health
- Beauty
- MedTech
- Kollwitzkiez, Berlin, Germany
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Company mission
To offer individualised, high-quality medical treatments online
127% employee growth in 12 months
Our take
Billions of people across the world suffer from dermatological conditions. Most of the conditions can be diagnosed and treated remotely, giving patients the relief they need. However, reaching dermatological care is currently more challenging than it needs to be, patients tend to find themselves confronted with long waiting lists and expensive treatment
Formel Skin was created to solve the challenges facing dermatologists and patients today. The healthtech startup offers a digital platform that allows doctors to provide faster diagnosis and personalised medical treatments directly to patients. Saving time and effort for patients and dermatologists, Formel's strategy is aimed at out-classing non-personalised advice available online.
Such online material has exploded in popularity in recent years, growing alongside the general global market for skincare which grew from approximately $116 billion in 2016 to $148 billion in 2020 and estimated to be $190 billion by 2025. With this, it is likely that Formel will be seeing increasing competition in the coming years.
Following funding across multiple rounds, Formel is currently focused on expansion, looking to grow its customer base beyond its initial operating area in Germany and Switzerland. With a focus on European markets, Formel will be accessing a potential consumer base which is only getting bigger, giving it a real platform for success in the future.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Rely on a competitive salary & equipment and independent working hours
- Be part of an ambitious team thriving towards the goal of revolutionizing dermatology
- Work in an open-minded & diverse environment in a former factory building in the heart of Berlin
- Take advantage of a free John Reed membership & lots of office goodies
- Take advantage of our learning & development budget
- Experience a transparent culture and a constructive error & feedback culture with the chance to work along founders and investors
- Look forward to employee discounts & product samples
- Celebrate with us on friday beers & pizza, office parties and regular team events
Funding (1 round)
Dec 2021
$31.6m
SERIES A
Total funding: $31.6m
Leadership
Florian Semler
(Founder)Florian has previously worked as Chief of Staff at Siemens, and as a Project Leader at The Boston Consulting Group.
Anton Kononov
(Founder)Anton has an extensive background in consulting, having worked for over 5 years at Roland Berger and Caroobi.
Dr. Sarah Bechstein
(Founder)A doctor of medicine, Sarah has worked in dermatology since 2014.