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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.