Shoosmiths’ advises Cornerstone on its latest investment round

Shoosmiths corporate partner Steve Barnett, assisted by solicitor Rebecca Chafer, advised men’s shaving supplier Cornerstone on its latest investment round.

The investment will help Cornerstone – founded by Forbes’ 30 under 30 entrepreneur Oliver Bridge – to add to its range of skincare products and German razors, as well as enhancing its customer acquisition marketing, in a European market worth an estimated £6.7bn.

Barnett said this investment represented the next logical source of income for the growing brand.

“Cornerstone is a business that has grown fast under founder Oliver Bridge. What began with a start-up loan, has developed rapidly with support through crowdfunding, angel investors and now a significant institutional investment,” added Barnett.

“The company is a great example of the high-growth tech companies that our venture capital team regularly acts for.”

Cornerstone founder Oliver Bridge said: “We are looking forward to the next stage of Cornerstone’s evolution. We have worked with the Shoosmiths team for a number of years now and continue to be impressed by the support they provide.”