Lifefactory has closed a Series C growth equity financing of $5 million. The round was led by Silas Capital, with a $4 million investment, and participation from all major shareholders: Greenhouse Capital Partners, dCapital, FOFM and Big Sky Partners.
The capital will be used to expand the team, accelerate product development and build the brand, said the company, which has increased revenue by more than 750% in the last five years and has been profitable since 2012.
“We believe we have a significant opportunity to help our customers live healthier and happier lives,” said Roy Mabrey, CEO of Lifefactory, Inc. “We have expanded from an initial line of baby bottles to a full assortment of product for happy, healthy families and believe we can leverage our brand platform to continue to deliver dramatic growth globally.”
Along with this financing, Carter Weiss, a Managing Partner of Silas Capital, will join the company’s Board of Directors. “The demand for healthy lifestyle brands, especially authentic ones like Lifefactory whose products are made from exceptionally high-quality materials, will continue to grow,” said Weiss. “Lifefactory has great retail partnerships and strong patent protection for their innovations. They’ve also built a uniquely trusted brand with loyal and passionate customers.”
