04 Dec

Shaving Start-up Harry’s Raises Another $75M In Funding

Launched only two years ago, shaving start-up Harry’s has just closed on $75 million in investment funding. Harry’s is founded by Andy Katz-Mayfield and Jeff Raider, a Warby Parker founder. Their goal was to make ordering shave products easier and much cheaper than shaving behemoths Gillette and Schick.
Harry’s also raised $122.5 million in funding 11 months ago and another $10 million back in May. Investors include Tiger Global, Thrive Capital Partners, Highland Capital, and Lakestar Capital. The money raised is going to be used primarily for expanding their factory in Germany where their razor blades are produced. A pack of 8 blades costs only $15, half as cheap as Gillette Fusion blades found at your local Target or CVS.
If you don’t want to buy what Harry’s calls “over-priced” and “over-marketed” razors by their global competitors, you may want to consider purchasing their’s on Harrys.com. They have inexpensive shave creams, foaming shave gels, aftershave moisturizers, and blades ranging from $2 to $10 each. Price is one thing but how is their quality?

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