Dealflow | April 24, 2023

EcoSoul Home raises $10 million for eco-friendly home goods

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, April 24 – Bellevue, Wash.-based EcoSoul has raised $10 million to sell plant-based tableware, kitchenware, toilet paper and compostable bags to customers in the US, India, China and Vietnam.

The Series A funding, led by Accel, will support the company’s expansion to home care, baby and feminine care products in Canada, Germany, the UK and United Arab Emirates.

EcoSoul estimates the global market for eco-friendly and sustainable home goods is expected to reach $300 billion by 2030.

Good jobs

EcoSoul says the majority of workers who make its plastic- and tree-free products are women from rural communities in India. The company says employees receive fair wages, free meals and transportation. Since 2020, EcoSoul estimates it has reduced the use of three million pounds of plastic and saved 24,000 trees.