The Honest Company, a provider of natural and non-toxic products for families, has closed a $70 million financing round.
Wellington Management Company LLP led the round, while Dragoneer Investment group contributed. Existing investors, including General Catalyst Partners, ICONIQ Capital, Institutional Venture Partners and Lightspeed Venture Partners, also participated.
This latest series of funding adds to the $52 million the Honest Company collected following its official launch in 2012 and will be used to help accelerate the company’s growth worldwide.
“We value the support of our partners and customers in helping us make a meaningful impact in the marketplace,” said Jessica Alba, Co-Founder of The Honest Company. “We dream big at The Honest Company and continuously strive to make the world healthier and more sustainable — today and in the future.”
The Honest Company product line that extends across bath/skin care, household cleaning, supplements, oral care, baby products and exclusive designer collaboration items. Items are available online and at retail partner locations across the U.S. and Canada.