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Wednesday, Feb 1, 2023
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Dollar Shave Club Raises $50 Million

Dollar Shave Club, the razor club that mails blades to subscribers, has raised $50 million in Series C funding, bringing its total funding to date to $73 million.

A Silicon Beach darling, the Venice startup said it was on track to exceed $60 million in sales this year, a 200 percent increase from last year. In the three years since its launch, the company has grown to 1 million members and said it accounts for 8.8 percent of the unit sales of men’s cartridges in the United States. Research firm Mintel said disposable razors and cartridges made up $3 billion in sales last year.

The Series C round was led by Technology Crossover Ventures with participation from Forerunner Ventures and Venrock.

Staff reporter Melissah Yang can be reached at MYang@labusinessjournal.com. Follow her on Twitter @MelissahYang for the latest in L.A. tech news.

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