Naturaz, the Black female-founded, clean health and beauty company that formulates, manufactures and distributes 100% vegan hair care products for curly hair, announced that it raised $1 million in investments during its seed round of financing. Key investors in the round included the Philadelphia Community Impact Fund, investing $300,000, and other impact and angel investors.
Naturaz is a groundbreaking clean hair care product line crafted by founder and CEO Mumbi Dunjwa. The product delivers and sustains an impressive 3X more moisture in curly hair. Dunjwa utilized her background and experience in chemistry, large pharma, healthcare and technology to build Naturaz. She is an award-winning chemist from the American Chemical Society.
Black female-founded companies underrepresented
According to a recent report by PitchBook, women are massively underrepresented among venture capital investors. Companies founded solely by women receive less than 3% of all venture capital investments. Fundraising is an especially difficult journey for Black female founders, who have long been significantly underfunded. Dunjwa is forging ahead, reaching a significant milestone in the company’s journey of raising $1M in investment capital.
“We feel 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 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.”
Investment in Naturaz
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. They created the opportunity to speak with interested parties 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. This brings 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. Products that are 100% vegan, non-GMO, highly effective and scientifically formulated to care for curly hair. Naturaz products are available in beauty supply stores and can be purchased online at www.Naturaz.com.
About Naturaz
Naturaz is a socially inclusive, clean health and beauty company. The company 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 is committed to formulating 100% vegan, non-GMO, highly effective and scientifically formulated products to care for curly hair. To place an order or learn more about Naturaz, visit www.Naturaz.com.
Looking for funding for your own company? Check out our curated August grant roundup.
Add Comment