The clean health and beauty company defies
fundraising odds and reaches significant milestone with the
support of the Philadelphia
investment community
PHILADELPHIA, Aug. 1, 2024
/PRNewswire/ -- Naturaz, the clean health and beauty company
that formulates, manufactures and distributes 100% vegan hair care
products for curly hair, announced today that it raised
$1 million in investments during its
seed round of financing. Key investors in the round included the
Philadelphia Community Impact Fund, which invested $300,000 in the round, as well as other impact
and angel investors.
Naturaz is a groundbreaking clean hair care product line,
meticulously crafted by Founder and CEO Mumbi Dunjwa, delivering and sustaining an
impressive 3X more moisture in curly hair. As an award-winning
chemist from the American Chemical Society, Dunjwa utilized her
background and experience in chemistry, large pharma, healthcare,
and technology to build Naturaz.
According to a recent report by PitchBook, women are massively
under-represented among venture capital investors, with companies
founded solely by women receiving less than 3% of all venture
capital investments. Fundraising is an especially difficult journey
for Black female founders, who have long been significantly
under-funded. Dunjwa is forging ahead, reaching a significant
milestone in the company's journey of raising $1M in investment capital.
"We are so grateful that the Philadelphia investment ecosystem has been so
supportive of Naturaz and our mission," said Mumbi Dunjwa, Founder and CEO of Naturaz. "The
funds that have come from the Philadelphia Community Impact Fund,
in addition to other investors who have been instrumental in this
process, will go a long way in ensuring Naturaz products become
available and accessible to curly-haired women and their families
across the United States. We're
hopeful that sharing our story serves as an example and an
inspiration for female entrepreneurs."
With the help of the Philadelphia Community Impact Fund, the
Bucks County IDA and other investors, Naturaz raised over
$700,000 in the last six months, and
fundraised $500,000 in July alone.
Although the journey to get there has not been easy, Naturaz has
found success by taking a unique approach to raising capital. The
company focused on building strong, targeted relationships with
investors by creating the opportunity to speak with stakeholders
one-on-one, connecting them to the company's brand strategy, growth
trajectory and future optimizations.
Securing this significant funding allows Naturaz to execute its
retail expansion strategy, bringing high quality, highly
efficacious, vegan hair care products to consumers who are
demanding cosmetic products that keep the health of their families
top of mind. Naturaz looks forward to raising additional investment
capital before closing this round soon. The company also looks
forward to continuing to formulate innovative products that are
100% vegan, non-GMO, highly effective and scientifically formulated
to care for curly hair. Naturaz products are currently available in
beauty supply stores and can be purchased online at
www.Naturaz.com.
Download Naturaz images here.
About Naturaz
Naturaz is a socially inclusive, clean health and beauty company
that formulates, manufactures and distributes 100% vegan hair care
products for curly hair. This groundbreaking product line,
meticulously crafted by Founder and CEO Mumbi Dunjwa, delivers and sustains an
impressive 3X more moisture in curly hair. The company's signature
Moisture Burst System® is the embodiment of Naturaz's
commitment to excellence in hair care. Naturaz has been committed
to formulating products that are 100% vegan, non-GMO, highly
effective and scientifically formulated to care for curly hair. To
place an order or learn more about Naturaz, visit
www.Naturaz.com.
Media Contact:
Kathleen
Dwyre
Kathleen.dwyre@clynch.com
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SOURCE Naturaz