Friday, November 2, 2012

Big Money For Cheap Razors: Dollar Shave Club Raises $9.8M, Launches In Canada

dollar shave club logoDollar Shave Club, the startup offering a subscription razor service that costs as little as $1 per month (plus shipping), has raised $9.8 million in Series A funding. Co-founder and CEO Michael Dubin said the new round, which was led by Venrock, will allow the company to develop "the next iteration of Dollar Shave Club" and "to really grow into the lifestyle service" that he wants it to be. He declined to offer too many details on that front ? it sounds like Dollar Shave Club has some big product news coming in the near future, and he didn't want to give too much away ahead of time. However, he did say the funding has already helped the company build some important backend tech tools, like "really basic metrics."

Source: http://feedproxy.google.com/~r/Techcrunch/~3/B6-D2Ws2rPA/

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