News & Analysis

driven by the PitchBook Platform
Venture Capital

Say hello to the billion Dollar Shave Club

Dollar Shave Club is to be acquired by Unilever for $1 billion. We highlight the company’s deal history and the returns generated for its VC investors.

Dollar Shave Club has reached an agreement to be acquired by Unilever (LON: ULVR) for a reported $1 billion in cash. Perhaps best-known for its comical television commercials, DSC had raised about $164 million in venture capital since launching in 2012. Its most recent round—a $90.7 million Series D in November—valued the company at $630 million. Fair to say, this billion-dollar acquisition will make Dollar Shave Club’s investors quite happy.

In the graph below, we highlighted the company’s financing history to visualize the build-up to this blockbuster deal. We also calculated the multiple on invested capital (MOIC) for each financing to give an idea of how investors fared.

Click to enlarge


Seed-round participants will obviously be most happy, as they achieved an astounding 49.69x return on their investment. Those firms include Forerunner Ventures, Kleiner Perkins Caufield & Byers, Andreessen Horowitz, Shasta Ventures, Felicis Ventures, White Star Capital, Science and Cowboy Ventures. Venrock is another big winner after having led DSC’s Series A and B rounds.

Multiple On Invested Capital (MOIC) per deal

dolar-shave-club-moic6.png

*A previous version of the above chart had an investor misattributed to the Series D round. It has been corrected and updated.

Check out Dollar Shave Club’s public profile for other key details on the company’s management, board members and more.

  • mikey-headshot-17-pdj-591x548.jpg
    Written by Mikey Tom

    Mikey was a senior financial writer at PitchBook covering technology startups and the venture capital industry. Prior to joining PitchBook, Mikey worked on the marketing team at Porch, a Seattle-based tech company that connects homeowners with home services professionals.

    Born and raised in the Seattle area, Mikey holds a degree in philosophy and a minor in entrepreneurship from the University of Washington. Outside of work you’ll find him either on the golf course or at a concert around town.

Join the more than 1.5 million industry professionals who get our daily newsletter!