Women’s razor start-up Sphynx closes a $2 million round, raising funds from Ludlow Ventures, Wavemaker Partners, Trail Mix Ventures, and others.

WHO: Founded by Leila Kashani, Sphynx is a portable shaving system that consists of an All-in-One Portable Razor priced at $15. The razor works by twisting a dial in the middle, which will reveal either a spray bottle for a refillable water container, stick moisturizer for shaving, or the razor itself. The brand is sold at at Target, Ulta Beauty, Free People, Anthropologie, and its own branded web site.

WHY: The capital infusion will allow the business to continue developing problem-solving products.

DETAILS:

• Sphynx closes a $2 million round, raising funds from Ludlow Ventures, Wavemaker Partners, Trail Mix Ventures, and others.
• According to WWD, industry sources estimate the business has done about $2.5 million in retail sales.
• For 2019, the brand has new launches planned for January, as well as international expansion into Europe.