Nutrafol nets $35 million, plus more top funding news for New York-based companies

New York-based beauty company Nutrafol has secured $35 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 2.

According to its Crunchbase profile, "Nutrafol offers an integrative approach that’s firmly rooted in pioneering nutraceutical science—with 100% drug-free, highly-concentrated natural products clinically shown to improve hair growth performance. How? By creating personalized systems that multi-target the various hormonal, environmental and hereditary causes that can compromise hair health."

The five-year-old company also raised a Series A round in 2017.

The round brings total funding raised by New York companies in health care over the past month to $160 million, an increase of $42 million from the month before. The local health care industry has seen 196 funding rounds over the past year, yielding a total of $2.8 billion in venture funding.

In other local funding news, retirement company Vestwell announced a $30 million Series B funding round on April 2, led by Goldman Sachs Principal Strategic Investments.

According to Crunchbase, "Vestwell is a digital platform that makes it easier to offer and administer 401(k) plans. Vestwell removes traditional friction points through a seamless plan design, automated onboarding, streamlined administration and flexible investment strategies, all at competitive pricing. By acting as a single point of contact, Vestwell has modernized the retirement offering while keeping the plan sponsor's and plan participant's best interests in mind."

Founded in 2016, the company has raised two previous rounds, including an $8 million Series A round in 2017.

Meanwhile, real estate investment company Perch raised $20 million in Series B funding, announced on April 2. The round's investors were led by FirstMark.

From the company's Crunchbase profile, "Perch is transforming the way people buy and sell their homes. Simplifying it all, to the way it should have always been: fair and true to market, straightforward, easy. Perch helps customers that are looking to both sell their current home and buy their next home by removing the uncertainty and stress of trying to line up the timing of the sale and purchase."

Perch last raised $20 million in debt financing funding in 2018.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.