NEW YORK–(Enterprise WIRE)–Eurazeo right now announced a $75 million minority financial investment in Jaanuu, Inc. (“Jaanuu”), a immediate-to-shopper designer and maker of top quality, functionality-oriented health care apparel and add-ons. Jaanuu is a person of the fastest escalating models in the multi-billion greenback health-related apparel current market as a consequence of its ground breaking styles which provide most operation and convenience. Eurazeo’s investment decision provides Jaanuu’s total funds raised because its founding to approximately $100 million.
Jaanuu—derived from the Hindi word for lifetime, “Jaan”— was founded in 2013 by siblings Shaan Sethi and Dr. Neela Sethi to offer healthcare experts with present day, technologically innovative and classy apparel that empowers them to execute at their very best. The enterprise is disrupting the healthcare apparel marketplace, which has customarily been dominated by legacy manufacturers sold by using specialty brick and mortar merchants, by offering far better in shape, materials, operation and convenience through accessible digital channels. The enterprise has invested closely in its leadership team in the past calendar year as it strategies for the future stage of world expansion.
Jaanuu is developing a new board of directors with many years of deep industry skills to manual and help the company’s accelerated development. The five-member board will contain: Jill Granoff, Eurazeo controlling spouse and Manufacturers CEO Shaan Sethi, Jaanuu co-founder and CEO John Kenney, Cult Cash co-founder and partner Sean Collins, Goldfinch Associates running spouse and former BCG Digital Ventures founder and Anan Kashyap, Ethos CFO and former Poshmark CFO.
Eurazeo’s partnership with Jaanuu will aid manufacturer internet marketing investments to make recognition and travel trial, as effectively as ongoing expenditure in product innovation. Eurazeo will also leverage its world-wide network to assistance Jaanuu in developing its purchaser reach and geographical footprint. Jaanuu is the 12th expense by Eurazeo’s makes workforce, and the initial in the consumer healthcare area.
Jill Granoff, Eurazeo controlling lover and Models CEO, said:
“Jaanuu is an authentic, doctor-led, digitally-indigenous model that is disrupting the standard clinical apparel current market by providing substantial-accomplishing modern scrubs with the advantage of on the internet searching. Shaan has assembled an impressive and experienced administration crew to continue taking marketplace share in the big health care apparel marketplace, and we look forward to partnering with the organization to capitalize on its advancement potential.”
Shaan Sethi, Jaanuu co-founder and CEO, extra:
“We are excited to keep on supporting all the healthcare specialists that set other people’s requirements in advance of their own each and every and each and every working day. We made Jaanuu to supply healthcare industry experts with scrubs featuring exceptional design and style, comfort and ease and overall performance, enabling them to deliver far better patient service. We are fired up to partner with Eurazeo to increase our brand awareness and accelerate our global expansion.”
Jaanuu is a health practitioner-led manufacturer that patterns ground breaking healthcare apparel to fuel the overall body and nourish the head by incorporating effectiveness, type and empowerment. Co-founded in 2013 by Dr. Neela Sethi Youthful and her brother and previous personal equity trader Shaan Sethi, the mission of Jaanuu is centered around acquiring greatness in lifetime, or “Jaan” in Hindi, via a thoughts-human body link. With a training Pediatrician at the helm, Jaanuu is deeply in tune with the hard journey of a health care expert. By science-backed facts, proprietary systems and antimicrobial-finished materials, Jaanuu creates clothing and extras that empower health care gurus to appear, experience and complete their very best. For more facts, visit www.jaanuu.com, and stick to Jaanuu on Instagram, Fb and Twitter @JaanuuByDrNeela.
- Eurazeo is a foremost global investment team, with a diversified portfolio of €27 billion in belongings under administration, like €19.2 billion from third parties, invested in about 450 firms. With its sizeable personal fairness, personal financial debt, and genuine estate knowledge, Eurazeo accompanies firms of all sizes, supporting their growth as a result of the determination of its 300 industry experts and by giving deep sector abilities, a gateway to world marketplaces, and a responsible and stable foothold for transformational expansion. Its good institutional and household shareholder base, strong economic framework free of charge of structural credit card debt, and adaptable investment decision horizon permit Eurazeo to assist its providers about the prolonged term.
- Eurazeo has places of work in Paris, New York, Sao Paulo, Seoul, Shanghai, Singapore, London, Luxembourg, Frankfurt, Berlin, Milan and Madrid.
- Eurazeo is detailed on Euronext Paris.