JamJar Sweetens the Deal with New Funding Round for SURI

Deal News | Dec 03, 2024 | Hambro Perks

JamJar Sweetens the Deal with New Funding Round for SURI

SURI, a sustainable toothbrush brand co-founded by Procter & Gamble veterans Mark Rushmore and Gyve Safavi, has successfully completed a funding round involving notable investors. The company, which launched in May 2022, reported impressive sales figures exceeding 10 million in 2023, an indication of the market's positive response to their sustainable product offering. The brand's commitment to eco-friendly practices and sleek design has been a driving force behind their rapid growth. JamJar Investments, founded by the trio behind Innocent Drinks, co-led the financing round with V3 Ventures. DMG Ventures also participated, along with continued support from seed investor Hambro Perks. SURI aims to utilize the newly acquired funds to bolster their brand expansion, create new products, and increase their international presence. Both Rushmore and Safavi have expressed gratitude for the investment, particularly during a challenging funding climate, seeing it as a validation of the brand's vision. They emphasized SURI's dedication to providing customers with aesthetically appealing and conveniently sustainable personal care products.

Sectors

  • Consumer Goods
  • Venture Capital

Geography

  • United Kingdom – SURI is based in London, and JamJar Investments, as well as Hambro Perks, are United Kingdom-based entities, making the UK the primary geographic region of relevance in the article.

Industry

  • Consumer Goods – SURI operates within the consumer goods sector, focusing on sustainable personal care products.
  • Venture Capital – JamJar Investments and other participants represent the venture capital industry, providing funding to early-stage companies like SURI.

Financials

  • 10000000 – SURI's reported sales in 2023

Participants

NameRoleTypeDescription
SURITarget companyCompany
JamJar InvestmentsLead investorCompany
V3 VenturesCo-lead investorCompany
DMG VenturesInvestorCompany
Hambro PerksSeed backerCompany
Mark RushmoreCo-founder and CCOPerson
Gyve SafaviCo-founder and CEOPerson