The Honest Company, Inc. has closed a $70 million financing round. Funds affiliated with Wellington Management Company LLP led the round and were joined by Dragoneer Investment Group and one other leading public market institutional investor. Existing investors Lightspeed Venture Partners, Institutional Venture Partners, General Catalyst Partners and ICONIQ Capital also participated.
The new round of financing adds to the $52 million raised since the company’s launch in 2012.
“The Honest Company provides families everywhere with safe, convenient and affordable family essentials. This funding will enable us to expand our current category offerings and availability, and develop products across many new and exciting categories,” said Brian Lee, The Honest Company Co-Founder and CEO.