Shoosmiths' advises men's shaving supplier Cornerstone on its latest investment round

Shoosmiths' advises men's shaving supplier Cornerstone on its latest investment round

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Author: Lee Perry

Rapidly-growing men's online grooming business Cornerstone has received a further £3.5m investment, led by Calculus Capital.

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Steve Barnett

Shoosmiths corporate partner Steve Barnett, assisted by solicitor Rebecca Chafer, advised Cornerstone on the investment.

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 which 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."

Shoosmiths LLP is one of the most active UK law firms in the area of advanced manufacturing and high-growth tech companies, acting for founders, investors, funders, and research organisations, who look to the firm for transactional advice, VCT, EIS and SEIS tax advice and IP and commercialisation advice for both early-stage and established companies. Shoosmiths was recently 'Highly Commended' in the EIS Awards 2017 and was a finalist at the Investor Allstar Awards 2016.

Nationally, the corporate team is ranked in first place by deal volume in Experian's 2016 MarketIQ UK & Ireland M&A league tables. The team was recognised for its mergers and acquisitions expertise at the 2015 M&A Awards, winning the Law Firm of the Year category.