Nutrafol Seeks to Expand With Investment From Unilever Ventures

Nutrafol, a nutraceutical supplement for hair growth for men and women, is prepped for growth of its own. The company just closed its series A financing round with Unilever Ventures, the venture capital and private equity arm of Unilever, acting as the lead investor. Further terms of the deal were not disclosed.

The founders of Nutrafol said they will use the funds to double the size of its staff and pump up the digital advertising budgets to accelerate the expansion of the brand. “Additionally, this investment will enable us to invest heavily in some very exciting digitally disruptive technologies scheduled to launch in the third quarter,” said Nutrafol’s president Roland Peralta.