Naturaz Raises $1 Million in Growth Capital

Naturaz – a “clean” health and beauty company that formulates, manufactures and distributes 100% vegan hair care products for curly hair – has raised $1 million in investments during its seed round of financing.

Key investors in the round included the Philadelphia Community Impact Fund, which invested $300,000 in the round, as well as other impact and angel investors.

With the help of the Philadelphia Community Impact Fund, the Bucks County IDA and other investors, Naturaz raised over $700,000 in the last six months and fundraised $500,000 in July alone. To achieve this, the company said it focused on building strong, targeted relationships with investors by creating the opportunity to speak with stakeholders one-on-one, connecting them to the company’s brand strategy, growth trajectory and future optimizations.

“We are so grateful that the Philadelphia investment ecosystem has been so supportive of Naturaz and our mission,” said Mumbi Dunjwa, Founder and CEO of Naturaz. “The funds that have come from the Philadelphia Community Impact Fund, in addition to other investors who have been instrumental in this process, will go a long way in ensuring Naturaz products become available and accessible to curly-haired women and their families across the United States. We’re hopeful that sharing our story serves as an example and an inspiration for female entrepreneurs.”

As an award-winning chemist from the American Chemical Society, Dunjwa utilized her background and experience in chemistry, large pharma, healthcare and technology to build Naturaz, which touts products that deliver three times more moisture in curly hair.