# Dollar Shave Club

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dollar-shave-club

- Industry: Consumer Products
- Headquarters: US
- Website: www.dollarshaveclub.com
- Total disclosed funding: $165M
- Latest round: Series D (Nov 19, 2015)
- Investors on record: 12

## About

Dollar Shave Club, Inc., based in the US, provides high-quality grooming products, specifically razors and shaving supplies, using a direct-to-consumer subscription model that enhances convenience and affordability for customers.Founded in 2012, Dollar Shave Club, Inc. specializes in delivering grooming products directly to consumers. The company has undergone a recent strategic change, as Nexus Capital Management agreed to acquire a 65% majority stake from Unilever Plc in October 2023. The founder, Michael Dubin, has a history of entrepreneurship, though specific details about previous ventures are not available. Dollar Shave Club is headquartered in Los Angeles, California, and has completed a total of 9 deals, raising a total of USD 1000.00 mn.Dollar Shave Club specializes in delivering high-quality grooming products, primarily razors and shaving supplies. The company offers a range of razor blades designed for various shaving needs, including the Club Series 6 Blade for daily shavers and the Club Series 4 Blade for those who shave less frequently or need body shaving solutions. These products are made with premium stainless steel to ensure a precise and comfortable shave, solving the common issue of overpriced drugstore razors by providing affordable, high-quality alternatives delivered directly to consumers' doors. The customer base primarily includes individual consumers looking for convenient grooming solutions, with a significant presence in markets such as the United States, Canada, Australia, the United Kingdom, and select European and Asian regions.Dollar Shave Club generates revenue primarily through a subscription-based model, allowing customers to customize their starter sets and receive regular shipments of grooming products. Transactions typically occur on a direct-to-consumer basis, with customers selecting items such as razor blades, handles, shaving creams, and other grooming aids. Pricing for flagship products includes the Club Series 6 Blade at USD 10.00 and the Club Series 4 Blade at USD 8.50, with additional offerings like shave butter and body care products available for varying prices. The direct subscription service eliminates middlemen, enhancing the customer experience and ensuring value through competitive pricing. This business model allows Dollar Shave Club to maintain a loyal customer base while providing convenience and affordability in the grooming sector.In October 2023, Nexus Capital Management agreed to acquire a 65% majority stake in Dollar Shave Club, Inc. from Unilever Plc. This acquisition will enable Dollar Shave Club, Inc. to further maximize its brand footprint across the North American market. Future growth strategies include launching new product lines tailored for diverse grooming needs and expanding operations into additional geographic regions in North America. Specific timelines for these initiatives have not been disclosed, but the recent funding is aimed at bolstering brand presence and operational capabilities.

## Funding rounds

- Series D, Nov 19, 2015, $16M — TCV, Venrock, Forerunner Ventures, Dragoneer Investment Group
- Series D, Jun 15, 2015, $75M — TCV, Venrock, Forerunner Ventures, Dragoneer Investment Group
- Series C, Jul 1, 2014, $50M — TCV, Venrock, Forerunner Ventures
- Series B, Jun 19, 2014, $1.2M — Venrock
- Series B, Oct 3, 2013, $12M — Battery Ventures, Comcast Ventures, Venrock, New World Ventures
- Series A, Nov 1, 2012, $9.8M — Battery Ventures, Kleiner Perkins, Venrock, Shasta Ventures, Forerunner Ventures, Andreessen Horowitz, Felicis Ventures, White Star Capital
- Seed, Mar 6, 2012, $1M — Kleiner Perkins, Shasta Ventures, Forerunner Ventures, Andreessen Horowitz, Felicis Ventures, White Star Capital

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Seed, Series A
- Shasta Ventures (https://capitalatlas.ai/funds/shasta-ventures) — Seed, Series A
- Forerunner Ventures (https://capitalatlas.ai/funds/forerunner-ventures) — Seed, Series A, Series C, Series D
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed, Series A
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Seed, Series A
- White Star Capital (https://capitalatlas.ai/funds/white-star-capital) — Seed, Series A
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series A, Series B
- Venrock (https://capitalatlas.ai/funds/venrock) — Series A, Series B, Series C, Series D
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series B
- New World Ventures (https://capitalatlas.ai/funds/new-world-ventures) — Series B
- TCV (https://capitalatlas.ai/funds/tcv) — Series C, Series D
- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series D