Hand in Hand has received an investment from Bain Capital Double Impact that will help introduce the brand to more consumers, amplify its commitment to sustainability and social impact, and accelerate new product development.
Previously: Report: Harry's Raises $155 Million Series E Round
Financial terms of the private transaction were not disclosed.
Hand in Hand was founded in 2011 by husband-and-wife team Bill Glaab and Courtney Apple. For every product purchased, Hand in Hand donates a bar of soap and clean water to a child in need.
The company is reportedly one of the first to use infinitely recyclable aluminum packaging for its liquid hand soap products, with plans to expand this approach into other categories.
Glaab said: "Courtney and I started this business with a heartfelt desire to make the world a cleaner, better place with our products and our philanthropic business model. Hand in Hand resonates with consumers because we continue to push the boundaries with environmentally friendly, vegan, cruelty-free, and palm oil free products that work well and make the world a little better in the process. We're thrilled to partner with Bain Capital Double Impact who supports our mission and our dedication to our global stakeholders and to continuing to have a profound impact through our business model."
Cecilia Chao, a managing director at Bain Capital Double Impact, said: "Hand in Hand is an authentic, founder-driven brand with a commitment to industry leadership, innovation in sustainability, and the potential to disrupt the personal care industry. As evidenced by the incredible affinity from consumers and the strong support of retailers, the Company's success affirms that prioritizing mission-driven principles and sustainability can drive accelerated growth. This investment represents an opportunity to build awareness and expand channel distribution and product categories as we seek to improve access to better for you, sustainable, and affordable personal care products that drive real impact."
