Jessica Alba is Going To Be One Of The Hottest Billionaires Around
2014.09.03
Jessica Alba isn't just an actress. She's also a savvy business woman. It isn't widely known that she's also got a business on the side. A very successful one too.
Her company "The Honest Co." is going public, and it has already raised tens of millions of dollars. From WSJ:
In preparation for an IPO, Jessica Alba's The Honest Co., a maker of eco-friendly baby products, has raised $70 million at a valuation just shy of $1 billion and is beginning partnership talks to expand to China, Dow Jones VentureWire has learned."We believe being a public company is the best path for us going forward and it's good to get that validation early on," Honest Chief Executive and Co-founder Brian Lee said, noting that public-markets investor Wellington Management Company led the Series C round. "I can't say when that will be, but we are definitely starting to think and act like a public company."
Since launching in 2012 with its non-toxic diapers and other natural baby products, the California-based startup has grown quickly by blending its environmentally sensitive products with a social mission. Annual revenue is tracking to hit north of $150 million in 2014, or three times the revenue of 2013, according to Mr. Lee.
The Honest Co., which employs 275, previously raised $52 million.
Will Jessica continue to act after making the big bucks?
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