Having closed its most recent investment, female-centric body brand Billie has finalized its $6 million seed round.
Funds from the round—which was led by Silverton Partners, with participation from existing investors Female Founders Fund and Lakehouse Ventures—will go to the company’s growth, particularly building out its team and increasing inventory.
Billie launched in November 2017 and offers razors designed specifically for women through a subscription-based model along with a shave cream, body wash and body lotion. Its products are sold without the “pink tax,” or traditional price increase for products geared towards female consumers.
Since launching, the company has exceeded its first year of sales projections in less than four months; additionally, each product has already sold out three times.
“Billie is standing in front of a huge untapped market driven by two outstanding founders who have created a brand that speaks perfectly to this opportunity," said Mike Dodd, General Partner at Silverton Partners, who will be joining the company’s board.