Groomed for Success: Harry's vs. Dollar Shave Club
July 09, 2015
Dollar Shave Club and Harry's, two companies that offer a subscription service for men's shaving products (among other grooming goods), are both racking up a ton of VC funding. The two startups, each launched in 2012, share more than just a market; they are both coming fresh off of $75 million funding rounds that peg each at very sizable valuations. The two do have slight differences—Harry's manufactures its own blades and Dollar Shave Club offers a larger array of products, but, among other similarities, they have followed comparable financing and valuation patterns.
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A number of other subscription-based platforms offering men's products have received considerable VC backing, including Frank & Oak (backed by Real Ventures, among others) and BirchBox, which received a valuation of $580 million last April. Then there's Trunk Club, which, after receiving funding from VCs including Greycroft and Apex Venture Partners, was acquired by Nordstrom for $350 million in July 2014.
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