Friday, August 14, 2015

The Honest Company Raises $100M In Series D

Santa Monica-based The Honest Company, which provides baby care, personal care, home care, and other healthy lifestyle products, said this morning that it has raised $100M in a Series D funding round. The funding round came from Glade Brook Capital Partners LLC, along with AllianceBernstein L.P. (AB) plus existing investors Fidelity Management & Research Company, Wellington Management Company LLP and Institutional Venture Partners. The Honest Company--led by serial entrepreneur Brian Lee--said the funding will go towards launching its own line of skincare, color cosmetics, and hair care products, plus global expansion and distribution efforts. The company has now raised around $228M in funding. More information »

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