06.04.17
When multinationals start investing, the promise of nutritional beauty supplements is turning into a reality. Nutrafol, a nutraceutical supplement for healthy hair growth for men and women, has closed its series A financing round. Unilever Ventures, the venture-capital and private-equity arm of the consumer packaged goods conglomerate, joined as lead investor after an initial introduction from investment platform CircleUp.
According to Nutrafol, the company’s founders were frustrated by poor results and undesirable side effects from a leading pharmaceutical hair loss drug. They challenged the science behind conventional hair loss solutions and in 2015 they teamed up with world-renowned hair loss experts in the field of dermatology and integrative healthcare to develop a nutraceutical hair growth supplement composed of clinically-tested ingredients. With continued investment in research and clinical studies, Nutrafol is poised to take the lead in the fragmented multibillion dollar global hair loss industry.
“Up until now, physicians have had very few, if any, healthy options to offer patients concerned with poor hair health,” said Nutrafol president Roland Peralta. “Our researchers created an award-winning solution that fills the void by providing the medical community with a healthy and effective option, without side effects, for their patients in the treatment of poor hair health.”
According to Nutrafol, the company’s founders were frustrated by poor results and undesirable side effects from a leading pharmaceutical hair loss drug. They challenged the science behind conventional hair loss solutions and in 2015 they teamed up with world-renowned hair loss experts in the field of dermatology and integrative healthcare to develop a nutraceutical hair growth supplement composed of clinically-tested ingredients. With continued investment in research and clinical studies, Nutrafol is poised to take the lead in the fragmented multibillion dollar global hair loss industry.
“Up until now, physicians have had very few, if any, healthy options to offer patients concerned with poor hair health,” said Nutrafol president Roland Peralta. “Our researchers created an award-winning solution that fills the void by providing the medical community with a healthy and effective option, without side effects, for their patients in the treatment of poor hair health.”