Henkel invests in US cleaning startup Truman with sustainability focus

Henkel invests in US cleaning startup Truman with sustainability focus

6:00 AM, 18th September 2019
Henkel logo
Truman offers cleaners that utilize refillable bottles and concentrate cartridges to reduce plastic.

DUSSELDORF, GERMANY: Henkel AG under the umbrella of Henkel Ventures is investing in the US cleaning products start-up Truman’s, based in Louisville, Kentucky, which offers cleaners that utilize refillable bottles and concentrate cartridges to reduce plastic.

Through this investment Henkel is expanding its expertise in innovative and sustainable household products while at the same time gaining insights in a promising direct-to-consumer business model.

With the minority investment in Truman’s, Henkel is taking over the role as lead investor in a seed round totaling 5 million US dollars. This marks another step in the company’s commitment to invest globally into start-ups to explore new business opportunities and support them to grow a successful business. Truman’s ships its products, a lineup of four simple hard surface spray cleaners, direct to its consumers. The start-up aims to reduce single-use plastic bottles and truck loads in the cleaning industry by shipping concentrate-filled cartridges that are mixed with water in reusable bottles at the point of use.

Through the partnership, Truman’s gains access to Henkel’s expertise in strong brands and technologies, customer base and global footprint. “By combining the resources of Henkel with our team’s proven track record of reimagining traditional product categories, we’re positioning Truman’s for rapid growth long-term,” said Co-Founder and Chief Marketing Officer Alex Reed, noting Truman’s has been growing 30 percent monthly since its February launch.

“Convenience and sustainability today are top-of-mind for an increasing number of today’s consumers and we continuously advance our portfolio while addressing these topics. Specifically, when it comes to packaging, Henkel pursues ambitious targets for sustainable packaging to promote a circular economy and reduce plastic waste. We look forward to gaining insights from the Truman's team, as well as supporting them with our expertise and resources,” said Robert Günther, Corporate Director Henkel Ventures.

“The partnership with Henkel validates that Truman’s is leading the effort to drive progress in the cleaning industry. Cleaning should be simple, convenient and environmentally friendly,” said Truman’s Co-Founder and CEO Jon Bostock.

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