EcoSoul Secures Walmart Deal, Expands Series A+ Funding
As a reminder, EcoSoul is a leading omnichannel brand of sustainable dinnerware and home essentials co-founded by former Wayfair executives. The company has agreed to allow SCP LPs the opportunity to invest additional capital at the previous rounds’ terms ($90M pre-money valuation with 25% discount). This follows SCP’s prior investments in EcoSoul’s $9M Series A round in September 2022 at a $54M pre-money valuation. EcoSoul has an additional 25,000 stores in their pipeline across the US, UK, Canada, India, and the UAE including Walmart, Costco, Whole Foods, Trader Joe’s, Sam’s Club, and more. Most recently, EcoSoul received a commitment from Walmart to launch ~250 stores in Jan 25′, with a potential of 800 additional stores by May 25′. Target is in late-stages of onboarding two EcoSoul SKUs in ~1,000 stores. Read more >>