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§ Private Profile · Toronto, Canada
Health and wellness brand creating natural bee-based remedies from propolis, honey, and royal jelly for immune support.
Los Angeles-based Beekeeper's Naturals develops and manufactures natural, bee-based health remedies and dietary supplements focused on immune support and daily wellness. The consumer packaged goods company produces alternatives to traditional over-the-counter medicines utilizing raw ingredients such as propolis, royal jelly, and honey. The enterprise has successfully raised over $18 million in total venture funding, including a $14 million financing round in 2022 to accelerate its physical retail expansion. Backed by institutional investors CAVU Consumer Partners and Sonoma Brands, the brand distributes its inventory across more than 18,000 North American retail locations, including Target, Walmart, and CVS. The direct-to-consumer and wholesale business has sold over two million units of its flagship propolis throat spray across its various e-commerce and physical retail channels. Beekeeper's Naturals was founded in 2016 by Carly Stein Kremer and Daniel Millar.
Beekeeper's Naturals has raised $31.5M across 3 funding rounds.
Beekeeper's Naturals has raised $31.5M in total across 3 funding rounds.
Beekeeper's Naturals has raised $31.5M in total across 3 funding rounds.
Beekeeper's Naturals's investors include Jared Jacobs, Suzanne Agnello, Muse Capital, Vibrant Ventures, CAVU Venture Partners, Devonshire Investors, Sonoma Brands.
Beekeeper's Naturals has raised $31.5M across 3 funding rounds. Most recently, it raised $14.0M Other Equity in June 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 16, 2023 | $14M Venture Round | Jared Jacobs, Suzanne Agnello | Muse Capital, Vibrant Ventures | Announced |
| Jun 1, 2023 | $14M Series C | CAVU Venture Partners, Devonshire Investors | Muse Capital, Vibrant Ventures | Announced |
| Oct 16, 2019 | $3.5M Series A | Sonoma Brands | — | Announced |
Beekeeper's Naturals is a wellness company, not a technology company, specializing in clean, natural remedies derived from beehive ingredients like propolis, royal jelly, bee pollen, and raw honey to support immunity, energy, mental clarity, and overall health.[1][2][4][5] Founded in 2017 by Carly Stein (also referred to as Carly Kremer or Carly Stein-Kremer), it serves consumers seeking effective alternatives to synthetic medicines for issues like brain fog, stress, poor sleep, and throat irritation, with products sold direct-to-consumer and in over 500 stores across Canada.[1][3][5] The company has demonstrated growth momentum through a $14 million funding round, investment from Sonoma Brands in 2019, $5.2 million in revenue, and a certified B Corp status emphasizing sustainability and bee conservation.[1][2][3]
Carly Stein launched Beekeeper's Naturals in 2017 after personal health struggles, including chronic autoimmune issues and frequent tonsillitis during grad school, where she discovered propolis—a bee-produced resin with antibacterial, antiviral, and anti-inflammatory properties—provided relief when conventional remedies failed.[1][3][4] Leaving a career at Goldman Sachs, Stein partnered with others, including a business partner mentioned in early efforts, to develop propolis sprays sourced from sustainable Canadian beekeepers; early traction came from selling in over 500 stores by around 2014-2017.[2][3] Pivotal moments include rescuing bee swarms, partnering with the David Suzuki Foundation and Canadian Bee Research Fund, and raising $14 million to scale, all while building a beekeeper-led team committed to hive health and pesticide-free sourcing.[1][3]
While not a technology company, Beekeeper's Naturals rides the wave of the clean wellness and nutraceuticals trend, blending natural bee products with scientific validation amid rising consumer demand for sustainable, chemical-free health solutions post-pandemic.[1][2][4] Timing aligns with growing awareness of microbiome health, hormone balance, and pollinator decline, amplified by market forces like e-commerce growth and retail partnerships, positioning it to influence the $50B+ natural products sector.[2][5] It contributes to the ecosystem by educating on bee importance via workshops, donations, and B Corp standards, fostering broader sustainability in consumer health brands.[3]
Beekeeper's Naturals is poised for continued expansion through retail scaling, new hive-based innovations, and global bee advocacy, potentially leveraging trends like personalized nutrition and regenerative agriculture.[1][2] Evolving microbiome research and climate-driven sustainability focus will shape its path, enhancing influence via potential acquisitions or larger funding amid wellness market growth. This bee-powered disruptor exemplifies how nature-inspired brands can thrive by prioritizing efficacy and ethics, redefining "clean medicine" for a health-conscious future.[4][5]