03.25.15
Silk Therapeutics, Inc. is seeking a $2 Million investment - and the Kraft Group of Foxboro, Massachusetts is leading its Series 1A financing. The company is entertaining a rolling close as the round will now likely be oversubscribed. Daniel A. Kraft, Executive Vice President, The Kraft Group, is joining the Silk Therapeutics board of directors.
"We seek to support companies with great business potential, a keen focus on quality and their customer, and a management team with integrity and vision for the future. Silk Therapeutics is just that company," said Daniel Kraft.
Silk Therapeutics says it will apply this new capital to support the launch of its luxurious skincare line with initial rollout in the northeast and expanded efforts nationally, as well as to market the company's professional line to the med-derm and spa communities.
"We are honored that the Krafts, celebrated for their business acumen and philanthropic commitments to our Boston medical community, recognize the value of our silk technology in delivering clean, luxury skincare that works," said Greg Altman, PhD, Chief Executive Officer and co-investor, Silk Therapeutics.
Kraft added, "Silk Therapeutics is more than a skincare line. It is a healthcare company, with great potential to improve the health and wellbeing of its customers. Silk Therapeutics' goal of creating a line of products safe enough for patients undergoing cancer treatment immediately resonated with my family."
The products are packaged in airless bottles and jars with silver caps. Silk Therapeutics' logo printed in purple on the front of the containers, as well as on the top of the caps.
Read More: More stylish airless packaging, including a new type of airless jar, are featured in the story, Expecting More From Airless, from Beauty Packaging's March issue.
Photo: Silk Therapeutics' Silk Hydrating collection.
"We seek to support companies with great business potential, a keen focus on quality and their customer, and a management team with integrity and vision for the future. Silk Therapeutics is just that company," said Daniel Kraft.
Silk Therapeutics says it will apply this new capital to support the launch of its luxurious skincare line with initial rollout in the northeast and expanded efforts nationally, as well as to market the company's professional line to the med-derm and spa communities.
"We are honored that the Krafts, celebrated for their business acumen and philanthropic commitments to our Boston medical community, recognize the value of our silk technology in delivering clean, luxury skincare that works," said Greg Altman, PhD, Chief Executive Officer and co-investor, Silk Therapeutics.
Kraft added, "Silk Therapeutics is more than a skincare line. It is a healthcare company, with great potential to improve the health and wellbeing of its customers. Silk Therapeutics' goal of creating a line of products safe enough for patients undergoing cancer treatment immediately resonated with my family."
The products are packaged in airless bottles and jars with silver caps. Silk Therapeutics' logo printed in purple on the front of the containers, as well as on the top of the caps.
Read More: More stylish airless packaging, including a new type of airless jar, are featured in the story, Expecting More From Airless, from Beauty Packaging's March issue.
Photo: Silk Therapeutics' Silk Hydrating collection.
