Ursa Major, a Waterbury, Vermont-based clean skincare brand, raised $5m in first growth financing.
The round was led by Fenwick Brands, with participation from Finn Capital Partners and several family offices active in the personal care market.
The financing will allow the company to fill key talent gaps and invest further in product innovation, while ramping up marketing and sales.
Founded by Emily Doyle and Oliver Sweatman in 2010, Ursa Major provides clean, refreshing skincare products to a loyal following of consumers across the gender spectrum.
The company, which has grown average annual revenue by more than 60% year-over-year for each of the past five years, now has 18 core products in its range, including Golden Hour Recovery Cream, Fortifying Face Balm, Brighten Up Vitamin C Serum, Fantastic Face Wash and 4-in-1 Essential Face Wipes, as well as its Hoppin’ Fresh Deodorant and Go Easy Shampoo and Conditioner.
In addition to its website and store on Amazon, the company’s products are available at specialty retailers including Credo, Follain, Goop, Heyday, REI and Free People and, more recently, via an amenity program catering to boutique fitness studios and hotels such as Y7 Yoga, Equinox Precision Run, Autocamp, Tourists Hotel and South Congress Hotel.