Hims

Provider of wellness products intended to offer hair loss prevention medicines for the male

    Description

    Provider of wellness products intended to offer hair loss prevention medicines for the male. The company's wellness product consists of hair loss prevention medicines that includes finasteride, DHT shampoo, and minoxidil, enabling clients to keep their hair thicker, nails stronger and skin smoother.

    Company Status

    The company raised $50 million of Series B2 venture funding in a deal led by IVP on June 28, 2018, putting the company's pre-money valuation at $450 million. Thrive Capital, Founders Fund, SV Angel, Redpoint Ventures, Founders Fund, 8VC and CAVU Venture Partners also participated in the round. Earlier this year, the company raised $40 million of Series B and Series B-1 venture funding from IVP and Redpoint Ventures on March 2, 2018, putting the company's pre-money valuation at $160 million. Previously, the company raised $7 million in of Series A and Series A1 venture funding from M/C Partners, SV Angel and Thrive Capital on November 1, 2017, putting the company's pre-money valuation at $13 million. Forerunner Ventures, Harry's (Personal Products), Amity Supply, Maverick Capital, Cherubic Ventures and Align Ventures also participated in this round.

    Service Providers
    Services on a Deal
    NameType
    Gunderson DettmerLegal Advisor
    General Information
    • All Industries
      Personal Products*, Pharmaceuticals
    • Company Financing Status
      Venture Capital-Backed
    • Total Raised
      $97.00M
    • Business Status
      Generating Revenue
    • Ownership Status
      Privately Held (backing)
    • Universe
      Venture Capital
    • Website
    • Year Founded
      2017
    Employees
    • Employees
      10
    • Employee History
    Acquirers
    First Financing
    • First Financing Deal Type
      Accelerator/Incubator
    • First Financing Deal Class
      Other
    • First Financing Status
      Completed
    Last Financing
    • Last Financing Date
      June 28, 2018
    • Last Financing Size
      $50.00M
    • Last Financing Size Status
      Actual
    • Last Financing Valuation
      $500.00M
    • Last Financing Valuation Status
      Actual
    • Last Financing Deal Type
      Early Stage VC
    • Last Financing Deal Type 2
      Series B2
    • Last Financing Deal Class
      Venture Capital
    • Last Financing Status
      Completed
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