Launched in 2016, Angel Shave club had revenue of nearly $500,000 in 2018 and hopes to hit the $1 million mark by the end of this year. Photo courtesy of Angel Shave Club

Launched in 2016, Angel Shave club had revenue of nearly $500,000 in 2018 and hopes to hit the $1 million mark by the end of this year. Photo courtesy of Angel Shave Club

ANGEL SHAVE CLUB

CEO: Iskra Tsenkova

Revenue: Approx. $500,000 in 2018, projected $1 million in 2019

No. of Local Employees: 4

Headquarters: Bankers Hill

Year Founded: 2016

Company Description: An affordable, subscription-style shave club catering to women

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Iskra Tsenkova founded Angel Shave Club in 2016. Photo courtesy of Angel Shave Club

For Iskra Tsenkova, launching a women-focused shave club wasn’t just about providing girls with inexpensive, female-centric shaving tools, but a way to use the universal platform of shaving to inspire women around the world.

“We just don’t pride ourselves on affordability, but on conversations geared towards empowering women,” said Tsenkova, co-founder and CEO of Angel Shave Club, headquartered in Bankers Hill and with four full-time employees. “This is the core value of our business. The razors are merely a tool to get noticed and start talking.”

To help keep the conversation going, Tsenkova, who donates a portion of her profits to organizations surrounding domestic violence and women with limited resources, among other issues, recently signed with Los Angeles-based Quake Capital through its startup accelerator program. The venture capital fund will invest $200,000 in Angel Shave Club, as well as offer mentoring, in exchange for a portion of ownership in the company.

For Iskra Tsenkova, launching a women-focused shave club wasn’t just about providing girls with inexpensive, female-centric shaving tools, but a way to use the universal platform of shaving to inspire women around the world.

“We just don’t pride ourselves on affordability, but on conversations geared towards empowering women,” said Tsenkova, co-founder and CEO of Angel Shave Club, headquartered in Bankers Hill and with four full-time employees. “This is the core value of our business. The razors are merely a tool to get noticed and start talking.”

To help keep the conversation going, Tsenkova, who donates a portion of her profits to organizations surrounding domestic violence and women with limited resources, among other issues, recently signed with Los Angeles-based Quake Capital through its startup accelerator program. The venture capital fund will invest $200,000 in Angel Shave Club, as well as offer mentoring, in exchange for a portion of ownership in the company.

Tsenkova plans to use the funds from the program to focus on a robust marketing and publicity campaign with public relations and social media company, Full Spectrum Marketing, which has already begun putting together an aggressive roll-out plan for this year. Launched in 2016, the subscription-style shave club company had revenue of nearly $500,000 in 2018 and hopes to hit the $1 million mark by the end of this year.

In addition, Angel Shave Club will do a complete rebranding in 2019, which will include redesigned packaging as well as some new product features. As of now, the company sources its razors from the U.S. and its handles from China, but the goal is to move all production to the United States in the next couple of months, said Tsenkova.

The accelerator program starts March 19 and lasts 12 weeks.

Travel & hospitality reporter Mariel Concepcion can be reached at mconcepcion@sdbj.com or 858-634-4625.