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True Botanicals Announces Series B Investment From Nextworld Evergreen

Mar 22, 2023•over 2 years ago

Round Type

series b

Mill ValleyBeautyLifestyleRetailFashionE Commerce

Investors

Next World Evergreen

Description

True Botanicals (the "Company"), a leading prestige clean skincare brand, has announced a Series B investment from NextWorld Evergreen, a San Francisco-based growth equity firm with a focus on conscious consumer brands. This partnership will accelerate True Botanicals' retail footprint while advancing its mission around social and environmental impact.

Company Information

Company

True Botanicals, Inc.

Location

522 Washington Street

Mill Valley, California, United States

About

True Botanicals is a digitally native brand with retail distribution in prominent beauty retailers including Nordstrom, Credo Beauty, and The Detox Market. The Company's Series A round was led by Sonoma Brands Capital in partnership with Unilever Ventures, which supported the brand's exponential growth over the last few years. For more information, visit www.truebotanicals.com and follow True Botanicals on Instagram.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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