Total amount raised
$35 Million
Latest funding date
04/01/2019
Location
Nutrafol has successfully raised funds through two significant funding rounds, with the latest being a Series B round. The company has attracted investment from notable investors, including Unilever Ventures and L Catterton.
Keep reading to explore the intricacies of Nutrafol's fundraising journey and the investors backing this innovative nutraceutical manufacturer.
What Is Nutrafol?
Nutrafol is a private nutraceutical manufacturer based in New York, New York, United States. The company specializes in formulating natural, drug-free products aimed at improving hair health. It operates in multiple industries, including Biotechnology, Consumer Goods, Health Care, Nutraceutical, and Wellness.
With an employee count ranging from 251 to 500, Nutrafol has established itself as a leader in the hair growth supplement industry. The brand is recognized as the #1 dermatologist-recommended hair growth supplement and is known for its science-backed, whole-body approach to hair wellness.
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 initial growth and product development in the nutraceutical market.
- Series B
- Amount Raised: USD 35,000,000
- Date: April 2019
- Lead Investors: L Catterton
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale personalized systems, engage in scientific research, and expand brand marketing efforts.
Total Amount Raised: USD 35,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- L Catterton
- Details: L Catterton is a leading global consumer-focused private equity firm. They have a significant investment in Nutrafol, leading the Series B financing round.
- Investment Focus Areas: Consumer brands, high growth potential companies.
- Notable Investments: Peloton, Restoration Hardware, The Honest Company.
- Unilever Ventures
- Details: Unilever Ventures is the venture capital and private equity arm of Unilever. They focus on investing in young, promising companies.
- Investment Focus Areas: Consumer goods, innovative companies, sectors aligning with Unilever's business areas.
- Notable Investments: Dollar Shave Club, Olly, The Laundress.
What's Next for Nutrafol?
Nutrafol stands at the cusp of significant growth opportunities. With a recent $35 million Series B funding, the company is poised to scale its personalized hair health system, engage in scientific research, and expand its brand marketing. The introduction of new targeted boosters for hair health, addressing issues like menopause and stress, highlights the company's commitment to personalized wellness solutions.
Future fundraising opportunities seem promising, given the strong backing from investors like L Catterton and Unilever Ventures. This financial support could pave the way for further expansion and innovation in the nutraceutical market. However, Nutrafol may face challenges in ensuring the efficacy and safety of its natural products through extensive scientific research and competing with established brands in the market.
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