Funding round
Skin Analytics Series A
Skin Analytics, which works in AI dermatology platform development in London, raised $5.2M in a Series A round announced on 10 Sep 2020, led by Hoxton Ventures. 3 firms took part. It is Skin Analytics' first venture round on record.
$5.2M
Amount raised
4,000,000 GBP converted
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Skin Analytics did not disclose a valuation in this round. It is Skin Analytics' first venture round on record, 8 years after it was founded in 2012. It is 21% of the $25M Skin Analytics has raised in the venture rounds on record. Skin Analytics raised again 55 months later: a Series B round of $20M in Apr 2025, at $70M post-money.
Skin Analytics' funding rounds
Skin Analytics has 2 venture rounds on record. This one is highlighted.
- Series A this round 10 Sep 2020, led by Hoxton Ventures $5.2M
- Series B 16 Apr 2025, led by Intrepid Growth Partners $20M$70M post-money
Investors
Who put money in
Hoxton Ventures led the round with 2 other firms.
Lead investor
- Hoxton Ventures backs 50 venture-backed companies new investor
Also in the round
- Nesta new investor
- backs 9 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
107 Series A rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $9.2M, and this round was 56% of the median. The closest in time, other companies' Series A rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 22 Sep 2020 | $31M | not disclosed | Panakès Partners and Inkef |
| Medical Supply Manufacturers | 14 Sep 2020 | $15M | not disclosed | Ascension |
| Medical Supply Manufacturers | 1 Sep 2020 | $12M | not disclosed | not named |
| Medical Supply Manufacturers | 3 Sep 2020 | $5.2M | not disclosed | i2E Management Company |
| Medical Supply Manufacturers | 7 Sep 2020 | $5.0M | not disclosed | not named |
| Medical Supply Manufacturers | 22 Sep 2020 | $4.7M | not disclosed | not named |
| Medical Supply Manufacturers | 8 Sep 2020 | $3.3M | not disclosed | not named |
| Medical Supply Manufacturers | 7 Sep 2020 | $3.2M | not disclosed | Mercia |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Skin Analytics raise in its Series A round?
Skin Analytics raised $5.2M in its Series A round, announced in Sep 2020.
Who led Skin Analytics' Series A round?
Hoxton Ventures led it, with Nesta and MS+PARTNERS.
What was Skin Analytics' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Medical Supply Manufacturers?
107 Series A rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $9.2M, and this round was 56% of the median.
Did Skin Analytics raise again after this round?
Yes: a Series B round in Apr 2025 of $20M at $70M post-money.