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Reducing-edge razor firm goals to broaden innovation and attain in bid to improve your shave
DALLAS, Sept. 17, 2021 /PRNewswire/ — Shavelogic, Inc. introduced that it has raised $100 million in development capital from Jefferies. Aon’s Mental Property Options performed an essential position in serving to to safe key Collateral Safety Insurance coverage to assist the financing.
As one of many latest manufacturers within the skincare and grooming house, Shavelogic brings innovation and efficiency to the shaving market with their new SL5 razor. After securing over 150 patents globally and by emphasizing high quality design of their merchandise, the Shavelogic workforce is properly on its technique to endlessly altering the shaving expertise.
“We now have the chance now to introduce our shaving system to customers who merely do not know what they’re lacking whereas persevering with to enhance our product and enterprise to fulfill our personal excessive requirements,” stated Shavelogic CEO, Rob Wilson.
Aon, utilizing its proprietary mental property (IP) valuation platform to worth Shavelogic’s IP portfolio, organized for IP Collateral Safety Insurance coverage for Jefferies, collateralized by Shavelogic’s IP portfolio and firm belongings.
“We’re excited to assist innovation-driven, IP-rich corporations like Shavelogic unlock the worth of their IP belongings, supporting their development ambitions and minimizing possession dilution,” stated Aon’s Mental Property Options CEO Lewis Lee.
“Breaking by way of in an business like ours takes dedication and teamwork, so having a capital associate like Jefferies is an important profit that may assist us speed up market share development and drive stakeholder worth,” stated Shavelogic Co-Founder Duwayne Miller
About Shavelogic
Based in 2009 by Rob Wilson and Duwayne Miller, Shavelogic spent greater than 10 years securing over 150 world firm patents earlier than launching its SL5 shaving system in 2020. Defying competitor conference, the Dallas-based firm is difficult the close to $11 billion world razor business with its concentrate on know-how and efficiency over a price-driven method. Now with a workforce that brings collectively seasoned shave business veterans with technology-minded industrial designers and engineers, Shavelogic just lately opened its first manufacturing facility within the U.S. to fulfill client demand because it rolls out nationwide advertising efforts.
For extra info, go to www.shavelogic.com.
About Jefferies
Jefferies Group LLC (www.jefferies.com) is the biggest impartial, world, full-service funding banking agency headquartered within the U.S. Centered on serving purchasers for almost 60 years, Jefferies is a frontrunner in offering perception, experience and execution to traders, corporations and governments. The agency gives a full vary of funding banking, advisory, gross sales and buying and selling, analysis, and wealth administration companies throughout all merchandise within the Americas, Europe, and Asia. Jefferies’ Leucadia Asset Administration division is a rising various asset administration platform. Jefferies Group LLC is a completely owned subsidiary of Jefferies Monetary Group Inc. (NYSE: JEF), a diversified monetary companies firm.
About Aon
Aon plc (NYSE: AON) is a number one world skilled companies agency offering a broad vary of threat, retirement and well being options. Our 50,00zero colleagues in 120 nations empower outcomes for purchasers by utilizing proprietary knowledge and analytics to ship insights that cut back volatility and enhance efficiency.
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SOURCE Shavelogic
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