Total amount raised
$35 Millions
Latest funding date
Location
Nutrafol has successfully raised significant funding through multiple rounds, with notable investors such as Unilever Ventures and L Catterton backing the company. The last funding round was a Series B, which closed on April 2, 2019.
Keep reading to explore the intricacies of Nutrafol's fundraising journey and the investors supporting this innovative nutraceutical manufacturer.
What Is Nutrafol?
Nutrafol, founded on February 4, 2014, is a prominent player in the nutraceutical industry, specializing in natural, drug-free products aimed at improving hair health. The company is headquartered in New York, New York, and was established by Giorgos Tsetis C.E. and Roland Peralta.
With an employee count ranging from 251 to 500, Nutrafol has made significant strides in the biotechnology, consumer goods, health care, and wellness sectors. The company is renowned for its scientific approach to addressing the root causes of hair growth issues, offering products backed by clinical research and recommended by over 3,000 physicians, clinics, and stylists across the U.S.
How Much Funding Has Nutrafol Raised?
- Series A
- Amount Raised: Not publicly disclosed
- Date: May 2017
- Lead Investors: Unilever Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's initial growth and product development.
- Series B
- Amount Raised: $35M
- Date: April 2019
- Lead Investors: L Catterton, Unilever Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale its personalized system, engage in scientific research, and expand brand marketing.
Total Amount Raised: $35M
Current Valuation: Not publicly disclosed
Key Investors
- L Catterton
- Details: L Catterton is a leading global consumer-focused private equity firm. They have a broad range of investments across various sectors.
- Investment Focus Areas: Consumer brands, food and beverage, retail and restaurants, health and wellness.
- Notable Investments: Peloton, Equinox, Restoration Hardware.
- Unilever Ventures
- Details: Unilever Ventures is the venture capital and private equity arm of Unilever, a multinational consumer goods company. They focus on innovative and high-growth companies.
- Investment Focus Areas: Personal care, digital, technology.
- Notable Investments: Gousto, True Botanicals.
What's Next for Nutrafol?
Nutrafol stands at the cusp of significant growth opportunities, driven by its innovative personalized hair health system. The company plans to scale its offerings with new targeted boosters, engage in scientific research, and expand its brand marketing. These initiatives align with industry trends favoring personalized, natural, and scientifically-backed products, positioning Nutrafol for substantial market penetration.
Future fundraising appears promising, given the successful Series B round and the backing of prominent investors like L Catterton and Unilever Ventures. This financial support could pave the way for further expansion and product development. However, Nutrafol must navigate challenges such as ensuring product efficacy through rigorous research and competing with established brands in the nutraceutical market.
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