Dollar Shave Club Raises $9.8M in Series A Funding

Dollar Shave Club, a Los Angeles, CA-based membership service that delivers shave razors to its members, has raised $9.8m in Series A funding.

Backers include Venrock, Kleiner Perkins Caufield & Byers (KPCB), Forerunner Ventures, Andreessen Horowitz, Shasta Ventures, Felicis Ventures and Vision Ventures.

The company intends to use the funding to expand operations. It is currently hiring (http://www.dollarshaveclub.com/join-the-team).

Co-founded by CEO Michael Dubin and backed by Science, Inc., Dollar Shave Club delivers razors equipped with stainless steel blades, lubrication strips, and a pivoting head to members who pay a monthly fee ($1, $6, $9 a month).

FinSMEs

02/11/2012

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