By Writer Alice Truong of FastCompany
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Having raised a $12 million series B round, Dollar Shave Club announced it is expanding its portfolio to offer a dozen men's grooming and skincare products, most under $20, in the next year. The investment was led by Venrock, Comcast Ventures, New World Investors, and Battery Ventures.
"This funding is important to Dollar Shave Club's future plans to own the bathroom," CEO Michael Dubin told Fast Company. "We see a huge opportunity in the exploding, multibillion dollar men's grooming and skincare market to provide high-quality products that are affordable and appealing to our members..."
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