The Seaweed Bath Co., a natural skin and haircare company, has announced the closing of a $1 million senior secured credit facility from Assembled Brands.
WHO: The Austin, TX-based The Seaweed Bath Co. was founded in 2010 by husband-and-wife team Adam and Allison Grossman. The brand was founded as a result of Adam’s personal journey to find a natural skin solution to his extreme psoriasis. The Seaweed Bath Co. was born out of his discovery of the detoxifying powers of seaweed to nourish and soothe sensitive and irritated skin.
Assembled Brands provides rapid financing, business insights, and a network to grow consumer brands. Operating in tandem, these three pillars present a novel opportunity to provide alternatives to traditional venture financing.
WHY: This partnership will allow the Boulder-based brand to continue to scale its reach while expanding its product pipeline.
IN THEIR OWN WORDS: “We’re delighted to partner with Seaweed Bath Co. on its ambitious mission to transform the personal care market,” said Michael Lipkin, President & COO at Assembled Brands. “The brand’s strength in product development paired with its highly engaged customer base consistently impressed our team throughout the investment process.”
Kim Chisholm, CEO of The Seaweed Bath Co., added, “We found a great partner in Assembled Brands. Their support of emerging and mission-driven companies made them a fantastic fit to support our next stage of growth.”
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