Veriditas Botanicals
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Veriditas Botanicals - overview
Established
1995
Location
Minneapolis, MN, US
Primary Industry
Consumer Products
About
Veriditas Botanicals is a company specializing in the production of high-quality essential oils and aromatherapy products, dedicated to enhancing wellness and everyday life through natural remedies. Founded in 1995 in Minneapolis, US, Veriditas Botanicals focuses on creating natural wellness solutions. The company was acquired by Inula, a portfolio company of Vendis Capital, in January 2016. The founder, Melissa Farris, has a background in creating health and wellness products and has been pivotal in the company's development.
Veriditas Botanicals offers a diverse range of essential oils and aromatherapy products. Their core offerings include Aromaforce aromatic hydrosols, virgin plant oils, and essential oil blends that target muscle and joint health, immunity, and skincare. All products are made from 100% pure, certified organic ingredients, appealing to health-conscious consumers. Applications include personal care, insect defense, and soothing skin conditions, catering to consumers, retailers, and wellness practitioners in North America and Europe.
Revenue is primarily generated through direct-to-consumer sales and partnerships with retailers and wellness centers. The company utilizes a transaction structure that encourages ongoing customer engagement, including subscription services, bulk purchase discounts, and promotional campaigns. Customer loyalty is fostered through incentives like free gifts with select purchases, enhancing transaction values while maintaining competitive pricing in the wellness market. Veriditas Botanicals plans to expand its product lines and enhance market reach.
Although specific upcoming products are not detailed, the company aims to penetrate new geographical markets beyond its current presence in North America and Europe. The acquisition by Inula in January 2016 may support these growth initiatives, allowing Veriditas to leverage additional resources and expertise. This strategic direction is expected to facilitate product development and market expansion.
Current Investors
Herbalgem S.A.
Primary Industry
Consumer Products
Sub Industries
Beauty & Hygiene
Website
www.veriditasbotanicals.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Veriditas Botanicals - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Veriditas Botanicals | - |
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