Led by CPG business veterans, IGNITE secures $7 million in preliminary increase
PRINCETON, N.J.–(BUSINESS WIRE)–December 5, 2019–
Today, IGNITE Growth Brands launches its new enterprise mannequin that may disrupt the “startup-quo” by equipping new and present corporations with the vital infrastructure to place them for long-term progress. Securing $7 million of their preliminary increase, IGNITE Growth Brands is led by Josh Ghaim, Ph.D. (co-Founder & Partner), Jeff B. Smith (co-Founder & Partner) and Marc Schorpion (co-Founder & Partner) in addition to a seasoned management workforce.
IGNITE Growth Brands builds and identifies corporations which are disrupting the wonder and digital well being sectors, creating these challenger manufacturers to assist them develop and thrive. Layered into this hybrid enterprise mannequin are vital infrastructure capabilities that drive end-to-end model growth, provide chain logistics and world growth, the keys to constructing the subsequent era of modern manufacturers.
The firm was envisioned and based by Josh Ghaim, a 20-year veteran of the CPG business, who beforehand held the function of Chief Technology Officer at Johnson & Johnson Consumer. Co-Founders & Partners embrace Jeff B. Smith, who most just lately served because the Company Group Chairman, North America at Johnson & Johnson, overseeing a number of divisions together with OTC Self Care, Beauty, Baby, Topical Health and Oral Care and Marc Schorpion, who most just lately served as Vice-President, Human Resources for Johnson & Johnson R&D and External Innovation group.
“As more and more startups are jockeying for a strong position in the evolving health and wellness space, it is critical to provide these entrepreneurs not only with funding, but also the critical infrastructure so they can grow and thrive,” mentioned Jeff B. Smith. “We are passionate about building emerging brands that offer innovative and affordable solutions while helping existing companies continue to grow and scale their businesses effectively.”
“The majority of startups fail, not because they lack innovative ideas, but because the ecosystem has failed them,” mentioned Josh Ghaim. “By investing in and delivering the right infrastructure, we can successfully incubate, cultivate and accelerate companies into sustainable, modern and enduring brands.”
The workforce’s confirmed historical past of shaping a number of the world’s most iconic manufacturers with an unsurpassed deal with shopper expertise and class growth is what attracted Lubrizol, a Berkshire Hathaway firm, and Small World Brands (mother or father firm to Nuria Beauty and ReCharge Health) to come on as lead traders.
“Lubrizol’s vision to advance solutions that inspire a healthy, more beautiful and comfortable life, all underpinned by sustainability, is closely aligned with IGNITE Growth Brand’s venture model and approach,” mentioned Rick Tolin, President Lubrizol Advanced Materials on the Lubrizol Corporation, whose portfolio features a Life Science, Beauty, Health and Home enterprise. “We look forward to helping IGNITE Growth Brands and its partner companies move past incubation to propel the digital health and beauty sectors and create new opportunity for consumers.”
About IGNITE Growth Brands
IGNITE Growth Brands builds and identifies corporations which are disrupting the digital well being and magnificence sectors and develops these challenger manufacturers to assist them develop and thrive. We are based by seasoned CPG veterans and our distinctive infrastructure method positions these corporations for continued success. Our workforce has a confirmed historical past of constructing a number of the world’s most iconic manufacturers across the globe with an unsurpassed deal with shopper expertise and class growth within the well being and magnificence area. For extra data, go to www.ignitegrowthbrands.com.
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