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- Dollar Shave Club
Dollar Shave Club Acquisition, Valuation, Funding & Investors
Dollar Shave Club was acquired by Nexus Capital Management in October 2023.
Dollar Shave Club acquisition price
Undisclosed
Acquired by Nexus Capital Management · Oct 2023
Dollar Shave Club revenue
$140M
Series D · Nov 2015
Cumulative funding Dollar Shave Club raised
$153M
across 3 funding rounds
Key investors in Dollar Shave Club
Venrock
TCV
Forerunner
Dragoneer
Pritzker Group Venture Capital
Daniel Curran
About Dollar Shave Club
Dollar Shave Club is a Santa Monica-based direct-to-consumer brand delivering subscription grooming products including razors, shave creams, and body washes. Acquired by Unilever in 2016 for $1 billion, the company ships 10 million cartridges monthly through its Marina del Rey facility. Dollar Shave Club expanded into toothpaste and haircare, serving 3 million subscribers via its e-commerce site.
Founded
2011
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Subscription
Revenue
$140M (Nov 2015)
Valuation
$615M (Nov 2015)
Dollar Shave Club Acquisition
Dollar Shave Club was acquired by Nexus Capital Management for an undisclosed price on 26 October 2023.
Before the acquisition Dollar Shave Club had raised $153M across 3 funding rounds.
Dollar Shave Club, a direct-to-consumer men's grooming brand offering razors, deodorants, electric trimmers, and other personal care products via subscription and omnichannel retail including Walmart and Target, was acquired by Unilever for $1 billion in cash in 2016 when it had $152 million in 2015 turnover, over 3 million members, and investors like Science, Felicis Ventures, and Venrock. Unilever struggled to grow the brand post-acquisition amid shifting DTC economics, as noted by former CEO Alan Jope in 2022, leading to founder Michael Dubin's 2021 departure and successor Jason Goldberger's recent resignation to lead Nexus portfolio company Lamps Plus. Unilever appointed interim co-CEOs Dale Brockmeyer and Mary Jensen during the transition. Nexus Capital Management, a US-based private equity firm founded in 2013 with portfolio companies like Lamps Plus, Sugarbear, and Toms, agreed on October 30, 2023, to acquire a 65% majority stake in Dollar Shave Club from Unilever, which retains a 35% minority holding; financial terms undisclosed and closure expected by year-end subject to customary conditions. Nexus Partner Michael Cohen highlighted the brand's strong loyalty, pioneering DTC model, and omnichannel presence, planning investments in marketing, product quality, innovations, and using it as a platform for similar brands while partnering with Unilever. Unilever Personal Care President Fabian Garcia framed the sale as portfolio optimization toward core growth areas, confident in the brand's North American and global consumer base under new ownership. The deal reflects Unilever's strategic refocus under CEO Hein Schumacher, divesting non-core assets like Dollar Shave Club alongside others, amid competitive DTC dynamics where the brand pioneered disruption but transitioned to traditional retail. Nexus aims to accelerate growth through reinvigoration, mirroring its approaches in acquisitions like MAV Beauty Brands and Natural Balance pet food.
| Acquirer | Date | Type |
|---|---|---|
| 26 Oct 2023 | PE buyout |
Dollar Shave Club Valuation
Dollar Shave Club is currently valued at $615M, based on its Series D in November 2015.
The $91M round was led by TCV, with participation from Dragoneer, Ascend Venture Group, KG Investments, Forerunner, Founders Circle Capital and 1 other investor.
Dollar Shave Club valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2015 | Series D | $615M | 4.4x |
Dollar Shave Club Revenue
Dollar Shave Club's latest recorded revenue is $140M, as of its Series D in November 2015. At a $615M valuation, that implies a 4.4x revenue multiple.
Dollar Shave Club revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2015 | $140M | $615M | 4.4x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Dollar Shave Club Funding History
Dollar Shave Club has raised a total of $153M across 3 funding rounds.
Dollar Shave Club's first fundraising round was a $12M Series B in October 2013. The most recent completed round was a $91M Series D in November 2015.
Dollar Shave Club funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2015 | Series D | TCV (lead); Dragoneer; Ascend Venture Group; KG Investments; Forerunner; Founders Circle Capital; Venrock | $91M | $615M | Dollar Shave Club is a subscription service delivering affordable razors, shaving butter, moist towelettes, hair-styling products, and other men's grooming items monthly or bi-monthly to subscribers. Founded in 2010 after a casual conversation and launched in 2012 with a viral video, the company grew rapidly by undercutting Gillette's pricing at $1-$9 per month for blades while expanding product lines like hair gel and shaving balm. In June 2015, Dollar Shave Club raised $75 million in a Series D round led by Technology Crossover Ventures (TCV), with participation from Dragoneer Investment Group, Comcast Ventures, Forerunner Ventures, and existing investors Venrock. This brought total funding to $148 million following a prior $50 million Series C. The round valued the company at $615 million, with sources citing it as the worth after the investment and a pre-money valuation north of $500 million. The funds supported product development, hiring, and competing against Gillette's new shave club and Harry's, which had raised nearly $200 million. At the time, Dollar Shave Club had over 2 million subscribers, accounting for 13.3% of U.S. razor sales. It was on track for at least $140 million in revenue that year, up from $65 million in 2014 (triple 2013's figure) when it had 1 million subscribers. The company was not yet profitable, burning millions monthly on marketing like TV spots from its viral videos. Dollar Shave Club was later acquired by Unilever for $1 billion in 2016. |
| Sep 2014 | Series C | TCV (lead); Daniel Curran; Marco DeMeireles; Pritzker Group Venture Capital; Venrock; Hinge Capital | $50M | - | Dollar Shave Club raised a $50 million Series C funding round in September 2014, matching the specified investors including lead TCV, Venrock, Pritzker Group Venture Capital, Hinge Capital, Daniel Curran, and Marco DeMeireles. The company, founded in 2012 by Michael Dubin, offers a subscription service for affordable razors starting at three to nine dollars monthly for a four-pack, gaining fame through a viral launch video. This round preceded a $75 million Series D in June 2015 led by Dragoneer with participation from TCV, Venrock, and Forerunner Ventures, at a pre-money valuation north of $500 million, bringing total funding to $148 million. By mid-2015, Dollar Shave Club reported over 2 million subscribers and claimed responsibility for 13.3 percent of all U.S. razor sales, amid expansion into products like hair gel and shaving balm. The funding supported further product development in the subscription space. Competitors heated up, with Gillette launching Gillette Shave Club and Harry's raising nearly $200 million. Dollar Shave Club operated in the direct-to-consumer razor subscription market, challenging traditional brands with lower-cost alternatives and convenience. |
| Oct 2013 | Series B | Venrock (lead) | $12M | - | Dollar Shave Club raised a $12 million Series B round led by Venrock, with participation from Comcast Ventures, New World Ventures, and Battery Ventures. This followed a $9.8 million Series A round also involving Venrock, bringing total funding to $22.8 million. The company, incubated in Santa Monica's Science incubator, provided a monthly subscription service for men's razors and had expanded to shaving cream and flushable wipes. |
Who has invested in Dollar Shave Club?
11 investors have backed Dollar Shave Club across its funding rounds, including Venrock, TCV, Forerunner, Dragoneer, Pritzker Group Venture Capital and Daniel Curran.
Lead investors include TCV and Venrock.
Dollar Shave Club Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Oct 2013 | ||
| 2 | Lead | Sep 2014 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Participant | Sep 2014 | ||
| 1 | Participant | Sep 2014 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Participant | Sep 2014 | ||
| 1 | Participant | Nov 2015 | ||
This data is available for Pro users. Sign up to see all 11 Dollar Shave Club investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Dollar Shave Club
Dollar Shave Club has acquired 1 company to date.
Last acquisition by Dollar Shave Club was on September 1st 2026. Dollar Shave Club acquired Truly Beauty for undisclosed valuation.
Latest Acquisitions by Dollar Shave Club
| Description | Truly Organic offers products ranging from shampoo, conditioner, lotion, scrub, body wash, face cream, hand soap amongst other products in the beauty, health and household categories. The products are vegan, organic, fair trade, non gmo, chemical free & cruelty free. |
| HQ Country | |
| HQ City | Miami, FL |
| Deal Date | 1 Sep 2026 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Dollar Shave Club acquisitions and their M&A valuation multiples. Start Free Trial | |
Dollar Shave Club Competitors
Dollar Shave Club competitors include listed companies like Hepsiburada and Bxn Holding, and private ones like Pharmapacks, HexClad, KKW Beauty and Rothy's.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $250M | - | $1.1B | 4.4x | ||
| Private | - | - | $1B | - | ||
| Private | $100M | - | $1B | 10.0x | ||
| Private | $211M | - | $1B | 4.7x | ||
| Publicly listed | $1.7B | ($51M) | $957M | 0.3x | ||
| Publicly listed | $771M | $100M | $836M | 0.8x |
Dollar Shave Club Public Comps
Dollar Shave Club is no longer listed, but its public comps include Moonpig Group, Cosmecca Korea, Hepsiburada, Jumia Technologies AG, Chicmax Cosmetic, Procter & Gamble Health, Mega Lifesciences, T Hasegawa, Sarantis Group and ODDITY Tech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $501M | $140M | 2.3x | 2.3x | 8.2x | 8.2x | |||
| $467M | $71M | 2.5x | 2.1x | 16.5x | 12.9x | |||
| $1.7B | ($51M) | 0.5x | 0.3x | (15.8x) | 28.7x | |||
| $189M | ($51M) | 4.8x | 4.2x | (17.8x) | (26.4x) | |||
| $1.4B | $235M | 0.8x | 0.8x | 4.5x | 7.3x | |||
| $144M | $48M | 6.4x | 6.0x | 19.1x | 18.3x | |||
| $425M | $82M | 2.0x | 1.9x | 10.2x | 8.4x | |||
| $472M | $96M | 1.5x | 1.4x | 7.2x | - | |||
This data is available for Pro users. Sign up to see all Dollar Shave Club competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Dollar Shave Club
| When was Dollar Shave Club founded? | Dollar Shave Club was founded in 2011. |
| Where is Dollar Shave Club headquartered? | Dollar Shave Club is headquartered in Los Angeles, CA, United States. |
| Is Dollar Shave Club publicly listed? | No, Dollar Shave Club was acquired by Nexus Capital Management in October 2023. |
| Who acquired Dollar Shave Club? | Dollar Shave Club was acquired by Nexus Capital Management in October 2023. |
| What is Dollar Shave Club's valuation? | Dollar Shave Club was last valued at $615M in its Series D in November 2015. |
| How much funding has Dollar Shave Club raised? | Dollar Shave Club has raised $153M across 3 funding rounds. |
| What was Dollar Shave Club's last funding round? | Dollar Shave Club's last funding round was a $91M Series D in November 2015, led by TCV. |
| Who are Dollar Shave Club's investors? | Dollar Shave Club's investors include Venrock, TCV, Dragoneer, Daniel Curran, Marco DeMeireles, Ascend Venture Group, KG Investments, Pritzker Group Venture Capital, Forerunner, Founders Circle Capital and 1 other. |
| What is Dollar Shave Club's revenue? | Dollar Shave Club's latest recorded revenue is $140M (November 2015). |
| What is Dollar Shave Club's revenue multiple? | Dollar Shave Club's latest valuation implies a 4.4x revenue multiple ($615M valuation on $140M of revenue). |
| Which companies are comparable to Dollar Shave Club? | Companies comparable to Dollar Shave Club include Pharmapacks, HexClad, KKW Beauty, Rothy's, Hepsiburada and Bxn Holding. |
| How many companies has Dollar Shave Club acquired? | Dollar Shave Club has acquired 1 company, including Truly Beauty. |
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