Fundraising Fox

Dollar Shave Club

acquired by Unilever

Los Angeles, US Β· Founded 2011 Β· Delaware corporation Β· 14 known investors

dollarshaveclub.com β†—

Dollar Shave Club offers razors and grooming products through a subscription model, delivering sharp stainless steel blades and shaving essentials directly to consumers at lower price points.

Also known as Dollar Shave Club, Inc. Β· DSC

ConsumerDirect to ConsumerE-commerce

Founders & leadership

Dollar Shave Club was founded in 2011 by Michael Dubin.

MD
Michael Dubinin𝕏Co-Founder & Chief Executive Officer2011–2021Angel
DM
Daniel MurrayExecutive
KD
Kevin DatooExecutive
ML
Mark LevineNamed on SEC filing

Board

MJ
Michael JonesBoard director
DP
David PakmanBoard director
CM
Christopher MarshallBoard director
KGKirsten Green
Kirsten Greenin𝕏Board directorFounder and Managing Partner at Forerunner Ventures

Investors Β· 14

Also in the syndicate Β· 2

New World InvestorsScience Inc.

Reported raises Β· per SEC filings

Form D private placements

$103.9M disclosed across 2 of 6 rounds Β· 2012–2015

β–Ά$90.7MraisedNov 2015 Β· 22 investors Β· Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael JonesDirector
  • David PakmanDirector
  • Christopher MarshallDirector
  • Daniel MurrayExecutive Officer
  • Kirsten GreenDirector
  • Kevin DatooExecutive Officer
  • Michael DubinExecutive Officer, Director
Offering amount
$100.1M
Amount sold
$90.7M
Minimum investment
$1
Sales commissions
$2.3M
First sale
Jun 2015
Incorporated
Corporation, Delaware, 2011
Federal exemptions
06b
Full filing on SEC EDGAR β†—
β–Ά$13.2MraisedJun 2014 Β· 25 investors Β· Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Mark LevineDirector
  • Michael JonesDirector
  • Kirsten GreenDirector
  • Michael DubinExecutive Officer, Director
  • Kevin DatooExecutive Officer
  • David PakmanDirector
Offering amount
$13.2M
Amount sold
$13.2M
Minimum investment
$1
First sale
Oct 2013
Incorporated
Corporation, Delaware, 2011
Federal exemptions
06b
Full filing on SEC EDGAR β†—

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Dollar Shave Club, Inc. is an American consumer packaged goods company that sells razors, blades, handles and other personal grooming products directly to consumers by mail, primarily on a recurring subscription basis. Blades are delivered on a periodic schedule chosen by the member, and the catalog extends beyond wet shaving to shave aids (shave butter, shave cream, shave gel, prep scrub, post-shave creams and serums), electric razors and trimmers, skin and body care, wipes, and gift and starter sets. Its shave catalog listed 46 products at the time of review, segmented by men's and unisex lines and by shave-routine step.

The company operates in the United States, Canada, Australia and the United Kingdom. Historically the majority of razor handles and blades were re-sold Dorco products rather than manufactured in-house, though current site copy states the company makes its blades and ships them directly to customers. Adjacent ventures have included the Boogie's hair care line launched in 2015 and MEL Magazine, a men's lifestyle editorial site launched in late 2015.

Dollar Shave Club has been a subsidiary since July 2016, when Unilever acquired it for a reported $1 billion in cash. In October 2023 Unilever sold a 65% majority stake to Nexus Capital Management, LP while retaining 35%. The company announced a headquarters move from Los Angeles to Durham, North Carolina in February 2025 and opened the new office at the American Tobacco Campus in September 2025.

Founding story

Michael Dubin and Mark Levine met at a holiday party in 2010 through a mutual connection and began discussing the cost of razor blades. Levine, whose background was in manufacturing, knew sources for affordable twin blades; Dubin brought branding and digital-marketing experience from Time Inc. and video marketing work, and improvisational comedy training from the Upright Citizens Brigade. Dubin began work on the company in January 2011 and invested roughly $35,000 of personal savings to build the site, signing up the first 1,000 members without marketing spend. The company was founded January 18, 2011 in Venice, California, with backing from incubator Science Inc.

Business model

Direct-to-consumer e-commerce built around recurring subscriptions: members select products, set a delivery cadence, and can skip, pause, modify or cancel each product subscription independently. One-time and on-demand orders are also supported, and members receive discounted shipping, member pricing and other perks. Products are also sold through Amazon and retail channels in addition to the company's own site.

Recurring subscription revenue from periodic razor and grooming shipments, supplemented by one-time product purchases, starter sets and bundles. Sample pricing includes the Humble Twin Blade at $6, the Classic 4 Blade at $8.50, the Signature 6 Blade at $10, shave butter at $8 and electric razors at $40 (from $50). Historical plan pricing described three tiers: The Humble Twin ($4/month), The 4X ($7) and The Executive ($10), each including a compatible handle.

Traction

12,000 orders within 48 hours of the March 2012 launch video; more than 200,000 subscribers and 30 employees by August 2013; 3.2 million subscribers as of 2016; launch video surpassing 27 million YouTube views by November 2020. The company was acquired for a reported $1 billion in 2016 and continues to operate an active subscription storefront.

Latest developments

Unilever sold a 65% majority stake to Nexus Capital Management in October 2023 while retaining 35%. The company announced a headquarters move from Los Angeles to Durham, North Carolina in February 2025 and opened the Durham office in September 2025. Current site promotions include a $4.99 starter set, 20% off electric grooming devices, a collegiate collection spanning 40+ schools, and free shipping on orders of $18 or more.

β–ΈFull profile β€” market position, go-to-market, geography, history, risks & controversies

Market position

Positioned as a lower-cost, convenience-oriented alternative to incumbent razor brands such as Gillette and Schick, competing with subscription and DTC peers including Harry's. The company reported 3.2 million subscribers as of 2016, up from more than 200,000 in mid-2013.

Site messaging emphasizes sharp, longer-lasting stainless steel blades, elimination of middleman markups by shipping directly to customers, flexible per-product subscription controls, and a 30-day money-back guarantee. Historically the brand differentiated through comedic, video-led marketing that generated large organic reach.

Go-to-market

Primarily online direct sales via dollarshaveclub.com with subscription sign-up funnels driven by discounted starter sets (for example, a $4.99 Sweet Spot Starter Set and $3.99 No Frills Starter Set for new subscribers), plus availability on Amazon and in retail. Historical customer acquisition relied heavily on viral YouTube videos and national cable TV advertising on outlets such as ESPN, Spike TV and Comedy Central, supported by branded content through MEL Magazine and cause-marketing campaigns.

Consumers buying wet-shaving and grooming supplies at lower price points; the brand primarily markets to men, though roughly 20% of customers were reported to be women. Current merchandising includes men's and women's lines plus collegiate (40+ schools) and military-branch collections.

Geography

Serves the United States, Canada, Australia and the United Kingdom. Founded in Venice, California; headquarters relocated to Durham, North Carolina, with the new American Tobacco Campus office opening in September 2025. Early fulfillment ran from Gardena, California and later a third-party logistics center in Kentucky.

History

Operations began in January 2011 and the website launched later that year (April per Wikipedia; July per the Los Angeles Times). The subscription service launched March 6, 2012 alongside a viral YouTube video, "Our Blades Are F***ing Great," which crashed the site's servers and produced 12,000 orders in 48 hours; early orders were hand-packed in a Gardena, California warehouse before fulfillment moved to a third-party logistics center in Kentucky. Venture funding followed: $1 million seed (March 2012), $9.8 million Series A (October 2012), $12 million Series B (2013) and $75 million Series D (2015). Canada and Australia launched in late 2012, the Boogie's hair line and MEL Magazine in 2015, and the UK in February 2018. Unilever acquired the company in July 2016; Nexus Capital Management acquired a 65% stake in October 2023. The headquarters relocated from Los Angeles to Durham, North Carolina in 2025.

Risks & controversies

In December 2015 Procter & Gamble, owner of Gillette, filed a patent infringement lawsuit alleging Dollar Shave Club used P&G's patented formulas to manufacture copycat blades; the suit was settled in 2019 on undisclosed terms. Sourcing dependence has been noted, with most razor handles and blades historically re-sold Dorco products. Ownership has changed twice since 2016, and reported founding-year website launch dates differ between sources (April 2011 vs. July 2011).

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
EmployeesAug 201330 employees
Entry starter set priceJan 2026$4.99
Free shipping thresholdJan 2026$18
Orders in first 48 hours after launch videoMar 201212,000 orders
Products listed in shave catalogJan 202646 products
Share of customers who are womenJan 201620%
SubscribersJan 20163,200,000 subscribers
YouTube views of launch videoNov 202027,000,000 views

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Competitors Β· 4

by search overlap

Companies competing with Dollar Shave Club for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 21

launches, deals, and filings
Sep 2025
New Durham headquarters opened at American Tobacco Campus

The company opened its new headquarters in downtown Durham, North Carolina.

source β†—

Feb 2025
Announced headquarters relocation from Los Angeles to Durham, North Carolina

source β†—

Oct 2023
Unilever sells majority stake to Nexus Capital Management

Unilever announced it had sold a 65% majority stake in Dollar Shave Club to Nexus Capital Management, LP, retaining 35%.

source β†—

Jan 2019
Procter & Gamble lawsuit settled

The patent infringement lawsuit was settled on undisclosed terms.

source β†—

Feb 2018
Launch in the United Kingdom

source β†—

Jul 2016
Acquired by Unilever for a reported $1 billion

Unilever acquired Dollar Shave Club for a reported $1 billion in cash.

$1B source β†—

Dec 2015
Procter & Gamble patent infringement lawsuit

Gillette brand owner Procter & Gamble filed a patent infringement suit alleging Dollar Shave Club used its patented formulas to manufacture copycat blades. Settled in 2019 on undisclosed terms.

source β†—

Jan 2015
$75 million Series D

Series D funding secured one year before the Unilever acquisition.

$75M source β†—

Jan 2015
Launch of 'Boogie's' hair care line

Product line expansion into hair gel, hair cream, hair paste, hair clay and hair fiber.

source β†—

Jan 2015
Launch of MEL Magazine

The company began hiring writers and editors in May 2015 for a men's lifestyle editorial website, MEL Magazine, which went online in late 2015.

source β†—

Jan 2014
Colon Cancer Alliance campaign

One Wipe Charlies campaign with the Colon Cancer Alliance; the company reported reaching 23 million people during National Colorectal Cancer Awareness month and donated $10,000.

$10K source β†—

Jun 2013
'Let's Talk About #2' video promoting One Wipe Charlies

Second YouTube video starring the CEO promoting the One Wipe Charlies wipes product; won a 2014 Shorty Award for best use of Social Media.

source β†—

Jan 2013
Webby Award (Fashion & Beauty) and People's Choice Webby (Consumer Packaged Goods)

source β†—

Jan 2013
$12 million Series B

Led by Venrock with Comcast Ventures, New World Investors and Battery Ventures. Alongside the round the company said it would expand its product line to a dozen other men's products in 2014.

$12M source β†—

Oct 2012
$9.8 million Series A

Series A funding from the existing seed group joined by Venrock. A Los Angeles Times profile dates the $9.8 million raise to November.

$9.8M source β†—

Mar 2012
Membership service launch and viral 'Our Blades Are F***ing Great' YouTube video

The subscription membership service launched via a YouTube video featuring CEO Michael Dubin. Traffic crashed the company's servers within the first hour and generated 12,000 orders in 48 hours. The video was filmed for about $4,500 in the company's Gardena warehouse in October 2011.

source β†—

Mar 2012
$1 million seed round

Seed investors including Kleiner Perkins Caufield & Byers, Andreessen Horowitz and Shasta Ventures provided $1 million.

$1M source β†—

Jan 2012
Ad Age Viral Video Award β€” Best Out-of-Nowhere Video Campaign

source β†—

Jan 2012
Launch in Canada and Australia

In late 2012 the company launched its program in Canada and Australia.

source β†—

Apr 2011
Website launch

Wikipedia states the website launched in April 2011; a Los Angeles Times profile states the website launched in July 2011.

source β†—

Jan 2011
Operations begin in Venice, California

Michael Dubin and Mark Levine began operations in January 2011 using their own money plus investment from startup incubator Science Inc.; the company was founded January 18, 2011 in Venice, California. Dubin invested roughly $35,000 of personal savings to build the website.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities Β· 1

corporate structure
Dollar Shave ClubDelaware

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Dollar Shave Club do?
Direct-to-consumer razor and grooming subscription company, acquired by Unilever in 2016 and majority-owned by Nexus Capital since 2023.
Who founded Dollar Shave Club?
Dollar Shave Club was founded by Michael Dubin in 2011.
Who are Dollar Shave Club's investors?
Dollar Shave Club's investors include Andreessen Horowitz, Comcast Ventures, Cowboy Ventures, Forerunner Ventures, Founders Circle Capital, Hinge Capital, Parade Ventures, Venrock and 4 more.
How much funding has Dollar Shave Club raised?
Dollar Shave Club has disclosed $103.9M raised across 2 of its 6 known rounds.
Who acquired Dollar Shave Club?
Dollar Shave Club was acquired by Unilever.
Where is Dollar Shave Club headquartered?
Dollar Shave Club is headquartered in Los Angeles, US.