DALLAS, Sept. 17, 2021 /PRNewswire/ -- Shavelogic,
Inc. announced that it has raised $100 million in
growth capital from Jefferies. Aon's Intellectual Property
Solutions played an important role in helping to secure key
Collateral Protection Insurance to support the financing.
As one of the newest brands in the skincare and grooming space,
Shavelogic brings innovation and performance to the shaving market
with their new SL5 razor. After securing over 150 patents globally
and by emphasizing quality design in their products, the Shavelogic
team is well on its way to forever changing the shaving
experience.
"We have the opportunity now to introduce our shaving system to
consumers who simply don't know what they're missing while
continuing to improve our product and business to meet our own high
standards," said Shavelogic CEO, Rob
Wilson.
Aon, using its proprietary intellectual property (IP) valuation
platform to value Shavelogic's IP portfolio, arranged for IP
Collateral Protection Insurance for Jefferies, collateralized by
Shavelogic's IP portfolio and company assets.
"We are excited to help innovation-driven, IP-rich companies
like Shavelogic unlock the value of their IP assets, supporting
their growth ambitions and minimizing ownership dilution," said
Aon's Intellectual Property Solutions CEO Lewis Lee.
"Breaking through in an industry like ours takes dedication and
teamwork, so having a capital partner like Jefferies is an
essential benefit that will help us accelerate market share growth
and drive stakeholder value," said Shavelogic Co-Founder
Duwayne Miller
About Shavelogic
Founded in 2009 by Rob Wilson and
Duwayne Miller,
Shavelogic spent more than 10 years securing over 150 global
company patents before launching its SL5 shaving system in 2020.
Defying competitor convention, the Dallas-based company is challenging the near
$11 billion global razor industry
with its focus on technology and performance over a price-driven
approach. Now with a team that brings together seasoned shave
industry veterans with technology-minded industrial designers and
engineers, Shavelogic recently opened its first manufacturing
facility in the U.S. to meet consumer demand as it rolls out
national marketing efforts.
For more information, visit www.shavelogic.com.
About Jefferies
Jefferies Group
LLC (www.jefferies.com) is the largest independent,
global, full-service investment banking firm headquartered in the
U.S. Focused on serving clients for nearly 60 years, Jefferies is a
leader in providing insight, expertise and execution to investors,
companies and governments. The firm provides a full range of
investment banking, advisory, sales and trading, research, and
wealth management services across all products in the
Americas, Europe, and Asia. Jefferies' Leucadia
Asset Management division is a growing alternative asset management
platform. Jefferies Group LLC is a wholly owned subsidiary of
Jefferies Financial Group Inc. (NYSE: JEF), a diversified
financial services company.
About Aon
Aon plc (NYSE: AON) is a leading global
professional services firm providing a broad range of risk,
retirement and health solutions. Our 50,000 colleagues in 120
countries empower results for clients by using proprietary data and
analytics to deliver insights that reduce volatility and improve
performance.
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SOURCE Shavelogic