The story
Founded by Michael Dubin on Jul 2011.1
Dollar Shave Club was founded by Mark Levine and Michael Dubin. The pair met at a party and spoke of their frustrations with the cost of razor blades. With their own money and investments from start-up incubator Science Inc., they began operations in January 2011 and launched their website in April 2011.
Dollar Shave Club (DSC) was backed by a variety of venture capitalists. In March 2012, seed investors provided $1 million in funding from groups that included Kleiner Perkins Caufield & Byers, Andreessen Horowitz, Shasta Ventures, and others. The same group, joined by Venrock, provided $9.8 million in series A funding in October 2012.
A year later, a $12 million series B round was raised led by Venrock, Comcast Ventures, New World Investors and Battery Ventures. Amidst the fundraising announcement, DSC announced it would be expanding its product line to include a dozen other men's products in 2014.
On July 19, 2016, one year after securing $75 million in series D funding, DSC was acquired by Unilever for a reported $1 billion in cash. On October 26, 2023, Unilever announced that it had sold a majority stake in the company to Nexus Capital Management, LP, while still retaining 35% of Dollar Shave Club.
In February 2025, Dollar Shave Club announced that it would relocate its headquarters from Los Angeles to Durham, North Carolina. The company opened its new headquarters at the American Tobacco Campus in downtown Durham in September 2025.
From Wikipedia’s article on Dollar Shave Club, shared under CC BY-SA 4.0.4