What is Needed?
Needed is a Los Angeles-based company founded in 2017, dedicated to enhancing nutrition and prenatal care through advanced supplement delivery. The company focuses on providing better, science-backed supplements designed to meet the specific needs of its customers. Needed operates within the health and wellness sector, aiming to improve consumer health outcomes through high-quality nutritional products.
How much funding has Needed raised?
Needed has raised a total of $19.8M across 2 funding rounds:
Angel/Seed
$5.8M
Other Financing Round
$14M
Angel/Seed (2021): $5.8M with participation from Crescent Ridge Partners, Peterson Partners, Sekhmet Ventures, and Seae Ventures
Other Financing Round (2023): $14M led by Seae Ventures and The Craftory
Key Investors in Needed
Seae Ventures
Seae Ventures is an early-stage investor focused on advancing healthcare and improving access to affordable care, particularly for underserved populations. They invest in disruptive companies aiming to create a more just and efficient healthcare system.
The Craftory
The Craftory is a consumer venture capital fund that invests in brands with a positive social impact, providing growth capital and support to visionary entrepreneurs in the consumer packaged goods (CPG) sector.
Crescent Ridge Partners
Crescent Ridge Partners (CRP Ventures) provides seed capital to early-stage startups, focusing on entrepreneurs with disruptive technologies and offering strategic advice and access to expansion capital.
What's next for Needed?
With the recent major strategic investment and a substantial total funding amount of $19.8M, Needed is poised for significant expansion. The company's focus on nutrition and prenatal care, coupled with its commitment to scientific integrity, positions it well for future growth. This capital will likely be directed towards scaling operations, enhancing product development, and broadening market reach. The strategic backing from investors like Seae Ventures and The Craftory suggests a strong belief in Needed's potential to disrupt the wellness industry and achieve substantial market penetration.
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