Jessica Alba’s the Honest Co. secures $70M investment round
LOS ANGELES — Jessica Alba’s the Honest Co. — whose portfolio of natural, non-toxic products includes diapers, wipes, bath, skin care, home cleaning and health-and-wellness products — has closed a $70 million financing round.
Funds affiliated with Wellington Management Co. led the round and were joined by Dragoneer Investment Group and one other public market institutional investor. Existing investors Lightspeed Venture Partners, Institutional Venture Partners, General Catalyst Partners and ICONIQ Capital also participated.
The new round of financing adds to the $52 million raised since the company’s launch in 2012 and will enable the company to accelerate growth.
“We value the support of our partners and customers in helping us make a meaningful impact in the marketplace. We dream big at the Honest Co. and continuously strive to make the world healthier and more sustainable — today and in the future,” said Alba, company co-founder and actress.
The Honest Co. also supports nonprofit partnerships by donating products and employee time. To date, more than 500,000 Honest products have been donated to assist more than 50,000 families through more than 1,300 employee volunteer hours.
Alba is a Golden Globe-nominated actress whose career includes roles in films such as "Fantastic Four" and "Little Fockers," as well as television series "Dark Angel," "The Office" and "Entourage."
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Nielsen: More Americans researching products online as opposed to buying products online
- Airline reservations – 43% in 2014 vs. 19% in 2011 and hotel/tours – 43% in 2014 vs. 16% in 2013;
- Electronic equipment – 31% in 2014 vs. 15% in 2011;
- Ebooks -35% in 2014 vs. 11% in 2011;
- Music non download – 31% in 2014 vs. 18% in 2011; and
- Clothing/shoes – 43% in 2014 vs. 35% in 2011.
This comes as no surprise. We, as Americans, simply have a need to fulfill our needs and wants as soon as possible (immediate gratification) and without shipping fees. I think this comes under the heading of And they needed a research study to tell them this.
NACDS announces winners of Total Store Expo Product Showcase
ARLINGTON, Va. — The votes are in. The National Association of Chain Drug Stores has announced the winners of the 2014 NACDS Total Store Expo Product Showcase.
Products —160 total — ranging from health and beauty to seasonal items were on display in the Product Showcase on the exhibit floor, increasing visibility for suppliers marketing products.
Evaluated by the retail attendees, winners of this year’s Product Showcase are:
Company: Mission Pharmacal
Product: Dr. Smith’s Diaper Rash Ointments & Spray
Company: E&J Gallo Winery
Product: Viniq Shimmery
Cosmetics & Fragrances
Company: MBA Beauty Inc.
Product: Dr Marvey, Tweets and Color Well
Company: American Greetings
Product: Warm Fuzzies
Company: U.S. Nutrition
Product: Osteo Bi-Flex Edge
Company: Drive Medical Design & Manufacturing
Household Products/Non-Edible Consumables
Company: Advanced Beauty
Company: BIOTA Botanical Laboratories
Product: Biota Botanicals Therapeutic Brands
Pharmacy Operations Equipment & Services
Company: 3SI Security Systems
Product: PharmaTracker GPS Tracking to Recover Stolen Drug Products
Product: EpiPen Auto-Injector
Company: Mark Feldstein & Assoc.
Product: Rosemary Millette Cardinal Sound Clock
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