Yesterday, Salt & Stone, a Los Angeles-based fragrance-driven body care brand, has announced a significant investment from Humble Growth. Founded in 2017 by former professional snowboarder Nima Jalali, Salt & Stone has quickly ascended in the beauty industry by transforming everyday routines into sensory experiences through its innovative products.
Salt & Stone’s offerings include deodorants, body care, and fragrances. According to the brand, it sold one product every seven seconds and maintaining triple-digit year-over-year revenue growth.
Humble Growth, co-founded by industry leaders Dr. Andrew Abraham and Nick Giannuzzi, focuses on supporting disruptive companies that shape consumer experiences. Their team brings extensive experience in investing across food, beverage, beauty, and wellness sectors.
“We’re experiencing a golden moment at Salt & Stone. With a lot of momentum, I found it a perfect time to partner with a strategic investor to help get us where we’re going more efficiently,” says Nima Jalali, Founder and CEO of Salt & Stone. “I love that Humble Growth is founded by founders. Having a team on our side that understands things from a founder’s perspective is very important to me. Andrew and team are building something special, and we’re honored to be a part of it.”
With Humble Growth’s investment, Salt & Stone aims to expand its team of industry leaders, deepen its global partnership with Sephora, and broaden its product and category offerings to meet the growing demands of its dedicated fans worldwide.
