Investment Firm to Provide $30 Million in Capital for the Company’s Future Growth
Seventh Generation, a leading brand of non-toxic and renewable bio-based household, baby and personal care solutions, announces the addition of a new investor, Generation Investment Management.
The thirty million dollar investment will allow Seventh Generation and its own venture arm, Seventh Generation Ventures, to accelerate the company’s core growth through innovation, investment and acquisition of other mission-led brands. Seventh Generation Ventures acquired bobble in 2013 to expand its offerings and meet the growing needs of consumers who desire to live a healthy, environmentally-friendly lifestyle.
Founded in 2004, Generation Investment Management is dedicated to long-term investing, integrated sustainability research, and client alignment. The Climate Solutions team seeks to invest in growth businesses that it believes can generate attractive returns by being part of the transition to a low carbon economy.
“Businesses like Seventh Generation will continue to see strong growth driven by an authentic commitment to sustainability, value and product performance,” said Lila Preston, partner at Generation, who will also be joining the board. “We have built a relationship with the company over a period of years and have been deeply impressed by the quality of the management team and the company’s commitment to long term value creation.”
“I can’t think of a better match of principles than between Seventh Generation and Generation Investment Management,” said John Replogle, CEO of Seventh Generation. “Generation holds our values of using commerce to make a positive change for human and environmental health and well-being. Together, we hope to transform commerce while protecting the planet.” The investment comes as Seventh Generation is experiencing record growth and unprecedented consumer interest. “The timing of this investment is ideal as we will be able to build on our significant commercial momentum and expand the reach of our mission to more consumers,” Replogle stated.