Nourish Organic Secures $3 Million in Growth Capital Financing and Celebrity Investment to Support Rapid Expansion
BEAVER FALLS, Pa., June 13, 2013 /PRNewswire/ -- Nourish Organic, the first full 100 percent USDA certified organic bath and body line founded by Sensible Organics, Inc., announced today it has secured $3 million in new funding to support its continued growth and expansion throughout North America and around the world. The investment will be directed towards upgrading the company's production and warehouse facilities, product research and development, and continued advocacy and public education to raise awareness about the health benefits of USDA certified organic beauty products.
The new funds were committed by the company's current investor group led by Renewal Funds, and a strategic group of new investors including husband and wife actors Ben Stiller and Christine Taylor. Renewal Funds is a social venture capital firm dedicated to delivering above market returns by investing in early-stage environmental and social mission businesses. The Stillers support numerous health and wellness causes, including those benefiting children and families. Christine also currently serves as Brand Ambassador for Nourish Organic, representing the company in a variety of endeavors, including public appearances and speaking engagements.
Nourish Organic launched in May 2012 with a full line of USDA certified organic bath and body products. With its recent win of the 2013 Cosmetic Executive Women (CEW) Eco Beauty Award, the beauty industry's highest honor recognizing an innovative beauty product or product line that has moved toward the goal of sustainability, Nourish Organic has established itself as the leading name in organic beauty. Nourish Organic products are carried in Whole Foods, Ulta, and online at www.NourishOrganic.com. Starting this fall, Nourish Organic will be launching new products in new prestigious retailers throughout the United States.
"This new funding allows us to strengthen our capabilities and expand the availability of safe, healthy and sustainable personal care and beauty products," said Rob Robillard, President and CEO of Sensible Organics, Inc. "We are grateful that our investors recognize the benefits of Nourish Organic products and have chosen to support our expansion."
"Nourish Organic's strong leadership, commitment to organic certification and long-term strategic vision is exactly what we look for in companies we support," said Paul Richardson, CEO of Renewal Funds. "Nourish has the potential to completely revolutionize organics and the beauty industry with its innovative formulations and methods."
"Ben and I are proud to support Nourish Organic in its mission to create the highest quality products using only USDA certified organic ingredients and ecologically conscious business practices," said Christine Taylor.
ABOUT SENSIBLE ORGANICS, INC.
Sensible Organics, Inc. was the first personal care manufacturing facility in the world to receive organic certification by the United States Department of Agriculture (USDA) in 2003. In addition to its Nourish Organic line, Sensible Organics, Inc. is a well-regarded pioneer and market leader in custom product development and private label/contract manufacturing for certified natural and organic personal care products. The innovative research and development team at Sensible Organics, Inc. developed Nourish Organic – Organic Food for Healthy Skin™ as the world's first true high performance, top quality, and affordable USDA certified organic bath and body collection. With natural and organic beauty personal care products experiencing tremendous growth over traditional products, "going green" is quickly becoming mainstream. At Sensible Organics™, the main focus is to develop and manufacture healthier, environmentally friendly, and innovative personal care products that contribute to the lasting growth and development of the organic market.
ABOUT RENEWAL FUNDS
Renewal Funds is a social venture capital firm based in Vancouver, B.C. dedicated to delivering above market financial returns for their partners while creating positive change. Renewal Funds invests in early growth stage companies in North America in the organic & natural food, green products and environmental innovation sectors. For more information on Renewal Funds and its portfolio, visit www.renewalfunds.com.
SOURCE Sensible Organics, Inc.