TORONTO, Aug. 24, 2021 /PRNewswire-PRWeb/ -- Clearco, the world's largest e-commerce investor and the company revolutionizing the way founders grow their businesses, today announced that its ClearAngel program is funding Firsthand Supply, a clean and environmentally-friendly line of gender-neutral hair and body care products.
Founded in 2016, Firsthand Supply's "people first" belief is the guiding force for all production decisions. That includes using only clean, honestly sourced, natural ingredients, as well as only recycled materials for packaging. Firsthand Supply was born out of co-founders Joshua Hester's and Filipe Inacio's frustration in finding hair care products that delivered quality without harmful ingredients. Through a tireless commitment to identify every ingredient included in a beauty product to ensure they were giving a consumer only the best and safest products, Firsthand Supply was born.
The company has seen positive growth since its inception but with plans to launch three new products over the next 12 months, Hester and Inacio look forward to applying the ClearAngel funding towards the development of an omni-channel strategy they hope can eventually quadruple or even sextuple the company's overall revenue.
ClearAngel is one of a few equity-free, flexible capital options for early-stage founders who don't have the network to raise an angel round or join exclusive accelerators. The program has already funded over 350 companies since its February 2021 launch.
"We're excited and proud to fund Firsthand Supply in its mission to revolutionize the beauty industry through healthy and safe production practices," said Andrew D'Souza, CEO and co-founder, Clearco. "This latest ClearAngel grant is indicative of our commitment to not just help early stage founders move their business forward but also empower business leaders wanting to make positive changes through their products and services."
In addition to $38,000 of flexible capital, Firsthand Supply will also get access to a network of more than 500 investors, growth teams, agencies, apps, lawyers, and buyers; and data-driven advice designed to help scale and hit new revenue milestones.
"I am thrilled to have received the ClearAngel funding and look forward to heavily investing it in an omni-channel strategy," said Joshua Hester, co-founder, Firsthand Supply. "That includes more direct-to-consumer selling, pursuing prestigious retail opportunities, such as Sephora, and scaling production to continue servicing our wholesale channel."
To learn more about Firsthand Supply and experience its grooming products for yourself, visit firsthandsupply.com.
ClearAngel is currently onboarding E-commerce and product companies, and has limited spots available for SaaS, Apps, marketplace and stealth companies. To learn more about applying, visit angel.clearbanc.com.
About Clearco:
Co-founded as Clearbanc in 2015 by Michele Romanow from Canada's Shark Tank (Dragons' Den), Andrew D'Souza, Ivan Gritsiniak, Charlie Feng, and Tanay Delima, Clearco offers the most founder-friendly capital solutions for e-commerce, mobile apps, and SaaS founders as well as a full suite of products and access to a powerful global network, insights and data, and recommendations. Clearco has invested over $2 Billion in over 4,500 companies to date, including Leesa Sleep, fashion-rental service Le Tote, home goods company Public Goods, shirtmaker UNTUCKit, online speech therapy practice Expressable, and digital real estate marketplace SetSchedule. For more information visit clear.co and @getClearco.
Media Contact
PHILIP PRICE FRY, Clearco, 917-684-4174, [email protected]
SOURCE Clearco
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