
This funding comes less then a year after a $50 million Series C, and brings total fundraising to $148 million. Participants included existing investors like Venrock, TCV and Forerunner Ventures. Dragoneer Investment Group (an investor in Airbnb, Instacart and Wealthfront) also participated as a new investor.
Dollar Shave Club launched in 2012 with a now-famous viral video featuring founder and CEO Michael Dubin. The company quickly became known for its affordable blades, which run anywhere from three to nine bucks a month for a four-pack.
Recently expanding beyond razors into product lines like hair gel and shaving balm, this new funding will let the company continue to develop new products in the subscription space.
However, it seems that Dollar Shave Club may have had a nice head start. Dubin recently claimed that his site is responsible for 7 percent of all razor sales in the U.S., and now has more than 2 million subscribers.
Dollar Shave Club did not immediately respond to request for comment.