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Jessica Alba's startup, The Honest Company, is now valued at almost $1 billion according to a report by the Wall Street Journal. Honest's CEO, Brian Lee, told the WSJ that the company's annual revenue is projected to exceed $150 million by the end of the year, which is three times more than what the company earned in 2013.
The evaluation comes just after the company secured $70 million in a recent round of fundraising. To top things off, Alba is preparing to take Honest public and is considering expanding the company to China. Not bad for a two-and-a-half-year-old e-shop.
· Jessica Alba's The Honest Co. Raises $70M, Preps for IPO [WSJ]
· Jessica Alba's Startup Is Worth Nearly $1 Billion [ValleyWag]
· Honest Company Linked to Chinese Factory With Shady History [Racked]
· Style Secrets from Jessica Alba and The Honest Company Staff [Racked]