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Salt and Stone, the US-based body care brand, has announced it has secured a “significant investment” from investment firm Humble Growth.
Founded in 2017 by former pro snowboarder Nima Jalali, Salt and Stone claims to sell one product every seven seconds and has profitably achieved consistent triple-digit year-over-year revenue growth.
Humble Growth is a growth-focused investment firm co-founded by Dr. Andrew Abraham and Nick Giannuzzi.
While the value of the investment is undisclosed, Salt and Stone said the investment will allow it to continue to build a “world class team of industry leaders” while propelling the brand forward in its growth trajectory.
Additionally, the company plans to deepen its global partnership with Sephora and expand product and category offerings to satisfy its enthusiastic legion of fans worldwide.
Jalali said: “We’re experiencing a golden moment at Salt and Stone. With a lot of momentum, I found it a perfect time to partner with a strategic investor to help get us where we’re going more efficiently. I love that Humble Growth is founded by founders. Having a team on our side that understands things from a founder’s perspective is very important to me. Andrew and team are building something special, and we’re honoured to be a part of it.”
Dr. Abraham added: “We are so excited to go on this journey with Nima and Salt and Stone. Our approach at Humble Growth is a differentiated one; we believe in forging true partnerships with fellow purpose-driven founders and entrepreneurs, and we have found those attributes in abundance in Nima and Salt and Stone.
“Like Nima, we know what it means to build a company brick-by-brick, and to achieve the kind of success Salt and Stone has seen in the last seven years is truly impressive and something we want to be a part of. We share Nima’s passion for innovation and his ambition to steer the beauty and wellness industry in a direction that prioritises body and mind equally. We can’t wait to see where this partnership takes us.”
