VEGAMOUR, a digitally native model of plant-based mostly hair wellness merchandise based in 2016 by CEO Daniel Hodgdon, declares $80 million in minority development funding from development fairness agency General Atlantic, to broaden its portfolio and broaden into new channels and geographies.
Hair loss impacts roughly 35% of ladies – amounting to round 60 million folks within the US alone – and VEGAMOUR instantly addresses this goal group with its topical serums, organically-sourced dietary supplements and pure hair upkeep and scalp well being merchandise.
©VEGAMOURDaniel Hodgdon describes his model and yesterday’s announcement: “After years of observing how issues thrive in nature, it’s clear that in the case of wholesome hair, we should always contemplate the physique’s complete ecosystem. Hair wellness is impacted by so many components – ageing, stress, sleep, our surroundings and particularly the issues we put into and onto our our bodies. At VEGAMOUR, we’ve developed a 360° strategy to hair well being that seeks to deal with these points and help a balanced physiological ecosystem conducive to wholesome, stunning hair. As we glance forward, we’re excited to be partnering with General Atlantic and leveraging the agency’s deep experience in serving to magnificence manufacturers scale globally. We stay up for bringing continued product innovation to the market and making VEGAMOUR accessible on a wider scale as we meet rising client demand for pure and sustainable magnificence merchandise.”
“VEGAMOUR has been a frontrunner in creating a brand new class in hair wellness and occupies a differentiated place within the market as an efficacious, vegan and clear answer,” mentioned Andrew Ferrer, Managing Director at General Atlantic. “In partnership with Dan and the VEGAMOUR workforce, we’re excited to speed up the corporate’s development and construct upon its confirmed mannequin.”
As a part of the transaction, General Atlantic’s Andrew Ferrer and Lexie Bartlett will be a part of the VEGAMOUR Board of Directors.
