Walker & Company raises $24 million in Series B funding

By

Obi Anyanwu

Published
Sep 29, 2015

Walker & Company Brands announced Monday that it has raised $24 million in Series B funding led by Institutional Venture Partners (IVP). Individual investors that participated in the round include Earvin “Magic” Johnson, John Legend, and Andre Iguodala and Harrison Barnes of the Golden State Warriors, among others.

Walker & Company was founded in 2013 to develop products and services that make health and beauty simple for people of color. The company’s flagship brand, Bevel, is the first and only shaving system designed to reduce and prevent razor bumps and irritation for men with coarse and curly hair. The Series B funding will allow Walker & Company to accelerate the development of new health and beauty products, establish new distribution channels for Bevel and expand its team.
 
“I’m so grateful that our mission has been enthusiastically embraced by our customers who continue to drive the growth of the company with their loyalty to our flagship product,” said Walker & Company Brands CEO Tristan Walker. “We are excited to partner with our investors to continue delivering on this mission through the diversification of our product offerings and development of new distribution channels for Bevel.”

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The company has also announced that Bevel will be carried exclusively by Target a la carte in the US and on Target.com beginning in 2016.
 
“We are thrilled to work with Target to bring Bevel to guests in a new way. Target understands that our brand offers high-quality, unique products while adhering to the same high standards of customer service to which we subscribe. We look forward to seeing our partnership drive increased brand awareness and sales of Bevel.”