BOULDER – Pangea Naturals Inc., doing business as Pangea Organics, has raised nearly $4 million in new funding according to a recent filing with the Securities and Exchange Commission.
Boulder-based Pangea Organics sells organic skin-care products through retail stores, online and through a large network of “beauty ecologists” who host parties to sell the products to friends and relatives.
The new funding is in exchange for equity, options, warrants and other rights to acquire securities, according to the SEC Form D. Thirty investors have participated in the offering, the total amount of which was $4.7 million.
Pangea Organics officials could not be reached on Friday.
Founded in 2001, Pangea launched its beauty ecologists social selling model last year. At the time, company founder Joshua Onysko said the company planned to nearly double its full-time staff from 16 to about 30 people.
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