Dive Brief:
Harry's Inc. this week announced it has raised $155 million from a Series E funding round led by Bain Capital and Macquarie Capital. The brand is now valued at $1.7 billion, according to details emailed to Retail Dive.
The company will use the capital mainly to add more brands to its portfolio, which currently consists of Harry's, women's razor and body care brand Flamingo, pet brand Cat Person and haircare brand Headquarters.
The company will also use the funding to expand Harry's and Flamingo into new product categories, as well as move into new markets. Harry's last month launched across the EU, the company said.