What is Harry's?
Founded in 2012 and headquartered in New York City, Harry's has disrupted the traditional shaving market by offering high-quality razors, creams, and other grooming essentials directly to consumers. The company's vertically integrated approach, encompassing manufacturing and direct-to-consumer sales, has allowed it to provide premium products at competitive price points. Harry's has established a strong brand identity centered on quality, design, and customer experience, expanding its product lines beyond initial offerings to cater to a broader range of grooming needs.
How much funding has Harry's raised?
Harry's has raised a total of $885.4M across 12 funding rounds:
Series A
$10.5M
Multiple Rounds
$207.5M
Series C
$75.6M
Private Equity
$63.7M
Series D
$112M
Series E
$155M
Series F
$139.9M
Private Equity
$115M
Series A (2013): $10.5M supported by TriplePoint Venture Growth BDC
Other Financing Round (2014): $122.5M featuring Highland Capital, Thrive Capital, and SV Angel
Private Equity (2014): $10M backed by BoxGroup, Red Swan Ventures, and Thrive Capital
Series B (2014): $75M with participation from Lakestar, Highland Capital Partners, Red Swan Ventures, Boxgroup Ventures, SV Angel, and Thrive Capital
Series C (2015): $75.6M led by Wellington Management
Private Equity (2017): $63.7M, investors not publicly disclosed
Series D (2018): $112M, investors not publicly disclosed
Series E (2021): $155M backed by Macquarie Capital Partners and Bain Capital
Series F (2022): $139.9M with participation from Shan-Lyn Ma and Lee Fixel
Private Equity (2022): $115M led by STORY3 Capital Partners
Key Investors in Harry's
Bain Capital
Bain Capital is a global private investment firm founded in 1984, committed to creating lasting impact across its portfolio. The firm invests across Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets, leveraging deep sector expertise and a collaborative approach to drive innovation and exceptional outcomes.
Wellington Management
Wellington Management Company is an independent investment management firm based in Boston, Massachusetts, providing institutional clients with portfolio management and research across various asset classes, including equities, fixed income, and alternatives.
Thrive Capital
Thrive Capital is a venture capital company operating out of New York, primarily focusing on internet and software investments. They aim to support innovative companies and entrepreneurs in the technology sector.
What's next for Harry's?
The substantial capital infusion, particularly the recent strategic investment, positions Harry's for accelerated expansion and potential diversification. This backing is likely to fuel further product development, enhance marketing initiatives, and potentially explore new market entries or strategic partnerships. Given the company's history of scaling direct-to-consumer operations, this funding could also support investments in supply chain optimization and technological advancements to maintain its competitive edge in the evolving consumer landscape. The consistent flow of capital suggests Harry's is in a robust growth phase, aiming to solidify its market leadership and explore new avenues for revenue generation.
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