London-Based Fresha Has Just Raised a 100 Million Euro Series C Round led by General Atlantic
London-based Fresha has just raised a 100 million euro Series C round led by General Atlantic, and will continue its expansion into other markets, the company said. Its services include a booking platform and a payment service.
General Atlantic is leading this Series C funding round
Fresha, a global beauty and wellness software platform, has announced the close of its Series C funding round of $100 million. The investment was led by General Atlantic, the leading global growth equity firm. With the additional funds, Fresha plans to expand its global community of salon partners, and deepen its marketplace bookings. Additionally, Fresha will use the funds to accelerate product development and pursue strategic M&A opportunities.
Fresha’s platform has been designed to simplify the process of beauty and wellness bookings. It offers an online booking system, as well as management of customer records and accounting. This allows consumers to easily book appointments with local businesses, and businesses to better manage their operations. In addition to bookings, the platform also provides a full suite of services, including marketing, accounting, card payment processing, and inventory management. To date, the company has raised over $182 million in capital, and is backed by investors from Silicon Valley and New York City.
Fresha’s Series C investment was made in part with new contributions from existing investors. BECO Capital, Target Global, and FJ Labs, among others, participated in the round. As a result, the overall valuation of Fresha’s investment has increased to $640 million.
Investor list is notable for its strategic mix
Fresha, the multipurpose commerce tool for independent wellness and beauty businesses, has made it to the big leagues in the form of a $100 million Series C round. The company has offices in London and Paris, with plans to expand to other geographies. The twelfth most funded startup in the world, Fresha is currently valued at $120 million and is backed by investors from Silicon Valley to New York City. Among its investors are the likes of Target Global, Lugard Road Capital, and Target’s chief investment officer Michael Zeisser. For its part, Fresha boasts a slick web-based application that offers a free subscription service for businesses to book appointments.
Company’s services include a booking platform and a payment service
If you’re in the market for a new point of sale solution, Fresha should be on your shortlist. It offers an impressive array of services including a booking platform, payment service and a digital interface, enabling businesses to sell goods and services to customers. However, the company isn’t content with delivering its own offerings, as it’s making moves to acquire companies in order to broaden its customer base. While the company has raised over $132 million to date, it’s still not disclosing a valuation. With the influx of capital, Fresha plans to expand its list of countries and categories of companies, as well as build more services to complement what it already has in place.
Plans to expand into new countries
Fresha, a leading beauty and wellness software platform, recently announced the close of a $100 million Series C round of funding. Investors participating in the round include Target Global, Partech, and Lugard Road Capital. The funds will be used to expand the company’s global partner network and to enhance its offerings. It will also be used to pursue strategic M&A transactions.
Fresha is an all-in-one business software solution for independent wellness and beauty professionals. Its suite of services includes a free booking and scheduling platform, an online and physical point of sale, and an advanced digital interface. Currently, it has a strong base of partners in Canada, the United States, Australia, and New Zealand. In addition, the company’s customers book over tens of millions of appointments per month, processing almost $12 billion in value.
Fresha plans to use the funds to expand its partner network and to leverage the company’s global scale to make its products available to consumers worldwide. Its founder, Huda Kattan, said that it will also use the money to grow the number of categories of businesses it supports, as well as to pursue acquisitions to expand its customer base.
Fresha is a leader in the beauty and wellness software market, and the investment will help the company continue its rapid growth. Founded in 2015, the company already has more than 4,000 partners around the world, and it hopes to add more as it continues to grow.
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