07.03.17
Hair supplementation is a growing business. Nutrafol, a fast rising nutraceutical supplement for healthy hair growth for men and women, has closed its series A financing round with Unilever Ventures acting as lead investor after an initial introduction from investment platform CircleUp.
With continued investment in research and clinical studies, Nutrafol is poised to take the lead in the fragmented multibillion dollar global hair loss industry.
“Hair loss is a global issue affecting millions of men and women every day. The founding team at Nutrafol, a nutraceutical supplement, has done a phenomenal job disrupting the status quo of the hair loss industry by shifting the paradigm in how western medicine talks about hair loss,” said Stephen Wilson, investment director, Unilever Ventures.
“Consumers are demanding natural solutions that work- the high trajectory growth of the brand is indicative that Nutrafol is on the frontier of that.”
Investment from Unilever Ventures, along with other strategic partners, will be used by Nutrafol to progress scientific research, product development and drive growth in the medical, salon and e-commerce channels. Unilever Ventures’ existing investments include Percolate, Blis, Gousto, Sachajuan Haircare, Iluminage Beauty, Big Sync Music, Ren Skin Care, Froosh, Instacart and Blow Ltd.
With continued investment in research and clinical studies, Nutrafol is poised to take the lead in the fragmented multibillion dollar global hair loss industry.
“Hair loss is a global issue affecting millions of men and women every day. The founding team at Nutrafol, a nutraceutical supplement, has done a phenomenal job disrupting the status quo of the hair loss industry by shifting the paradigm in how western medicine talks about hair loss,” said Stephen Wilson, investment director, Unilever Ventures.
“Consumers are demanding natural solutions that work- the high trajectory growth of the brand is indicative that Nutrafol is on the frontier of that.”
Investment from Unilever Ventures, along with other strategic partners, will be used by Nutrafol to progress scientific research, product development and drive growth in the medical, salon and e-commerce channels. Unilever Ventures’ existing investments include Percolate, Blis, Gousto, Sachajuan Haircare, Iluminage Beauty, Big Sync Music, Ren Skin Care, Froosh, Instacart and Blow Ltd.
