Goop, the health and wellness newsletter-turned-media and e-commerce company founded by actress Gwyneth Paltrow, has raised $50 million in series C funding. Investors in the round round include NEA, Lightspeed and Felix Capital; the influx of capital brings Goop’s total outside investment to $82 million, following family-and-friend funding, a $10 million series A in 2015 and a $15 million series B in 2016. Market sources estimated Goop’s 2016 revenue at $15 to $20 million, but the company would not confirm the number. The company launched Goop-branded products in 2016. Goop Wellness, the vitamin regimen tailored for women, hit $100,000 in sales on launch day last year, the company says.

Source: Forbes March 29, 2018 01:32 UTC