The Series E round puts Harry's at a $1.7 billion valuation.
Harry's has announced that it has raised a $155 million series E round led by Bain Capital and Macquarie Capital, according to Forbes.
As previously reported by Global Cosmetic Industry, in February 2020, the Federal Trade Commission authorized the Bureau of Competition to file suit blocking Edgewell Personal Care Company’s $1.37 billion acquisition of Harry’s, Inc. Days later, Edgewell terminated its merger agreement with Harry’s.
The Series E round puts Harry's at a $1.7 billion valuation, which Forbes reports is 25% higher than the $1.37 billion the company was to receive in the buyout by Edgewell.
According to Forbes, Harry's will use the funds to develop new products and make acquisitions in the "booming direct-to-consumer market."
