RALEIGH – A Raleigh-based company that invests in businesses has raised $5.1 million in a fund to cultivate and grow other companies, according to a Securities and Exchange Commission filing.
One Better Ventures raised the funding from 29 investors, according to the filing.
Founded in 2013, the firm aims to invest in, and develop, consumer brands that generate a positive impact on the world, and on the environment.
For example, in March of this year, Disruptive Enterprises, a startup in Durham focusing on consumer products designed to improve health and wellness, secured outside funding from One Better.
One Better is run with a profound commitment to service and corporate citizenship embodying their slogan: “Do well. Do good. Do One better.”
Included in their repertoire are businesses such as Burt’s Bees, a natural self-care company, and Seventh Generation, a non-toxic home product collection.
One Better Ventures includes Seventh Generation CEO John Replogle, the former CEO of Burt’s Bees.
One Better Ventures also includes Douglas Haensel, who was executive vice president and chief financial officer of Burt’s Bees from 2004 to 2012 and the interim chief executive officer in 2011. Haensel was also the chief financial officer of athletic retail chain The Athlete’s Foot from 1999 to 2001.
In 2017, One Better Ventures invested $23 million into Virginia Bech, Virginia-based mattress company Leesa Sleep.
Private firms such as One Better Ventures relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.
The form can be found here.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism