In March, every man at Business Insider lit up with news that a new startup was selling razors for $1 per month.
Dollar Shave Club emerged from Los Angeles incubator Science Inc. with $1 million from investors such as Kleiner Perkins Caufield & Byers and Andreessen Horowitz.
Now it has raised a Series A round of $9.8 million to deliver monthly razors.
David Pakman, of investor Venrock Capital, told us, "It's a very exciting company that, on a very limited amount of capital thus far, has built an incredibly well-known brand with many loyal subscribers. You really have to hand it to them. Not just buzz, but a real business."
Pakman is joining the startup's board. He explained the investment further in a blog post on his site.
Dollar Shave Club doesn't just sell dollar products either. It's a three-tier subscription business, where $1/mo, $6/mo, $9/mo are the options.
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