Cabinet Health, a New York-based sustainable healthcare company, raised $17M in funding.
The round was led by Global Impact Fund with participation form Natureza and Unreasonable Group.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2018 by Achal Patel and Russell Gong, Cabinet Health is a sustainable healthcare company that has invented a refillable and compostable medicine system, offering a solution to the plastic waste crisis. The system offers over-the-counter medicines and supplements in elevated glass bottles that can be infinitely re-used, providing customers with a streamlined, and low-waste alternative to plastic pill bottles. All Cabinet Health medicines are third-party batch-tested, use FDA-approved active ingredients, and are free of known carcinogens, toxins, and allergens, including gluten.
Cabinet Health products are currently found on CabinetHealth.com and online retailers such as Grove Collaborative and Amazon, with more retail partnerships to come in 2023.
The company is a certified B-Corp with a growing base of customers who have helped divert thousands of pounds of plastic from landfills.
FinSMEs
16/12/2022