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.”