Portfolio Companies
Sustainable medicine system that’s better for you and our planet.
Stage
Industry
Healthcare
Status
Socials

Summary

Cabinet Health’s mission is to eliminate single-use plastic from healthcare, starting with high-quality prescription and over-the-counter medications.

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Background
  • 194 billion plastic medicine bottles are produced each year, and only 3-7% of those are recycled. Cabinet’s proprietary medical supply chain and packaging is the first refillable, backyard compostable packaging system in pharmaceuticals. Cabinet Health has spent ~5 years developing and commercializing this product system and is currently focused on growing the business across 3 pillars:
  • Cabinet OTCs: 15 OTC medicines in a sustainable, refillable system available at CVS, Amazon, Grove, Cabinethealth.com, and another national retailer launching in Q4 2023
  • Cabinet RX: 200+ prescriptions medicines without the plastic, sold directly to consumers via Cabinet Health’s digital health platform
  • Cabinet Sustainable Healthcare Solutions: transitioning large pharmaceutical companies away from plastic faster, powered by Cabinet. Customers include McKesson, the largest pharma distributor in the world.
Why Sweater Invested
  • Team experience matches with the key variables of the business: Achal and Russell are strategic, scrappy, and mission-driven founders who have built the foundational platform and IP of sustainable medicine. Other team members have strong CPG experience at omni-channel startups like Harry’s.
  • Time to take their product mainstream: Cabinet is rolling out to 711 CVS stores and another national retailer later this year. Given that 80% of people buy their OTC medication in retail, this represents a massive opportunity to grow the business with customers who would resonate with Cabinet’s mission.
Other Active Investors

Natureza Growth Partners, The Global Good Fund, Unreasonable Group, Metaplanet, and Gaingels

Exclusive Sweater Perk:

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Disclosure: Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus contains this and other information about the Fund and can be obtained by calling 1-888-577-7987 or by visiting the Fund’s website at www.sweaterventures.com/cashmerefund. Please read the prospectus carefully before investing. All investments involve risks, and past performance is no guarantee of future results.