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Nutraceutical Brand Nutrafol Announces $35 Million Series B

Nutraceutical Brand Nutrafol Announces $35 Million Series B
Credit: nutrafol.com

Nutrafol closed a $35 million Series B financing round led by the Growth Fund of L Catterton, the largest and most global consumer-focused private equity firm, with participation from existing investor, Unilever Ventures.

Launched in 2016, Nutrafol’s natural formulations are designed to address various hormonal, environmental, and hereditary causes that compromise hair health. According to the company, it is supported by a clinical study shown to improve hair growth and quality, and is used by 1,300 physicians, clinics and stylists across the US, has grown three times its revenue year-over-year, and received Allure’s “Best of Beauty Breakthrough” award in 2018