The amount of the deal was not disclosed. In conjunction with the funding, Deval Patrick, a Managing Director at Bain Capital, will join the Board of Directors of Sundial.
The company intends to use the funds to expand operations.
Led by founder and CEO Richelieu Dennis, Sundial Brands is a manufacturer of skin care and hair care products made with natural, certified organic and ethically-sourced ingredients. A certified B Corp company with a Fair for Life social and fair trade certification, the company engages in ethical and cruelty-free business practices and manufactures its products at its facilities in Long Island, NY.
Its flagship brands – including SheaMoisture and Nubian Heritage – are sold at major retailers across the United States.