Jessica Alba may be a talented actress, but it turns out she’s a powerful businesswoman too. Just two years after its launch, The Honest Company has raised $70 million in addition to a previously raised $52 million. As the company heads towards an IPO, the start-up’s net worth is nearly $1 billion.
“We believe being a public company is the best path for us going forward and it’s good to get that validation early on,” said Brian Lee, Co-founder and Chief Executive of The Honest Company.
Jeremy Liew, a partner with investor Lightspeed Venture Partners, added, “[Jessica Alba] is an international star. We’re starting to see a lot of demand from her fans around the world idea for non-toxic, chemical free products has resonated around the world in developed and developing countries.”
“We value the support of our partners and customers in helping us make a meaningful impact in the marketplace,” the actress said. “We dream big at The Honest Company and continuously strive to make the world healthier and more sustainable—today and in the future.”
Increased funding will allow the company to grow and develop. What do you think will be in store next for The Honest Company?
