funding, London, wellness, Fresha, investment

London-based Fresha is a global beauty and wellness software platform. In a recent development, the company pocketed $100 million (nearly £70 million) in a Series C funding round, thereby bringing the company’s total funding raised to $132 million (nearly £93 million).

Eyes growth!

The investment round was led by General Atlantic along with strategic participation from Huda Kattan of HB Investments and the founder of Huda Beauty, and Michael Zeisser of FMZ Ventures, former Chairman Investments at Alibaba Group, and Jonathan Green of Lugard Road Capital. Also, Fresha’s existing global investors Partech, Target Global and FJ Labs participated in the round,

Fresha will leverage the new funds to further broaden its global community of partner salons and spas, scale product development, deepen its marketplace bookings and pursue strategic M&A.

“From the day we founded Fresha, our core focus has been on offering a solution that delights our customers. That drive has continued to direct our feature development and long-term vision. The rapid growth we’re seeing comes down to having happy customers that love using Fresha,” said Fresha Founder and CEO William Zeqiri. “The COVID-19 pandemic has accelerated the transition across the globe to online bookings and integrated card payments, now seen as essential to run any modern salon or spa. In May 2021, Fresha saw a thirty-fold increase in the volume of card payments processed on the platform compared to a year earlier.”

“Fresha has emerged as a leader powering the beauty and wellness industry,” said Aaron Goldman, Global Co-Head of Financial Services and Managing Director at General Atlantic. “William, Nick and the Fresha team have built a product that is resonating with the market and creating long-term value through the intersection of its payments, software and marketplace offerings. We are thrilled to be partnering with the company and believe Fresha has significant opportunity to further scale its innovative platform.”

“Fresha outpaces the competition by combining a superior product-market fit with outstanding execution capabilities” said Philippe Collombel, General Partner at Partech. “William and Nick superbly steered Fresha during the COVID-19 pandemic. They have continued to innovate, accelerate signups of new salons, and boost revenues, whilst supporting new venues and small businesses in navigating the crisis. We can’t wait to see Fresha’s continued growth after this new funding round and are thrilled to partner once again with General Atlantic” he said.

Expansion across Europe

Founded by William Zeqiri and Nick Miller in 2015, Fresha allows consumers to discover, book and pay for beauty and wellness appointments with local businesses via its marketplace, while salons, spas and barbershops can leverage Fresha to manage their operations with its intuitive, subscription-free business software.

The company focuses on building easy-to-use, free software and offering business tools without any subscription fees, underpinned by a strong word-of-mouth effect. Fresha’s partner businesses rely on the platform for its ease of use, time-saving benefits and embedded features to grow sales, while end consumers enjoy a premium booking and payment experience.

While the UK is Fresha’s largest market, the company has active users across all EU and the platform is available in 20 local languages. Fresha has a team of over 100 software developers across Europe and UK at its sites in London, Amsterdam, Berlin and Warsaw. Currently, Fresha is hiring to double the headcount of its product development team. Also, it is establishing a commercial presence in Paris to meet the growing demand for Fresha across the EU.


Japan travel news, japan travel guides, japan holiday destinations and japan reviews

LATEST NEWS

NEWS RELATED

London’s LED neon light startup Yellowpop closes $4M as growth funding

Since the innovation of neon lights, many changes have been applied to them to make them more efficient. LED neon lights are one of them that made it more efficient to use domestically and for industrial use. London-based, Yellowpop – a home brand specialising in LED neon signs, recently announced…

Read more: London’s LED neon light startup Yellowpop closes $4M as growth funding

AI enters debt collection: London startup Ophelos secures £1.6M funding

Personal debt has grown exponentially all over the world. Especially, in the UK, nearly 9 million people are over-indebted, which can create a debt spiral where households borrow more to service existing debt. The COVID-19 pandemic has taken this situation to the next phase. As a result, it is estimated…

Read more: AI enters debt collection: London startup Ophelos secures £1.6M funding

Eyeing to grow further in the UK, Irish startup Scurri picks up £8M funding

Ireland-based Scurri is a cloud-based software provider that connects and optimises the e-commerce ordering, shipping, and delivery processes. In a recent development, the company announced that it picked up €9 million (nearly £8 million) in Series A funding. Eyes to accelerate growth in the UK The investment round was led…

Read more: Eyeing to grow further in the UK, Irish startup Scurri picks up £8M funding

London fintech startup Coupay secures £200K to help SMEs get payment faster

Open banking is powering technological innovations that help SMEs reduce the impact of late payment of invoices.  Based out of London, Coupay is one such startup that leverages open banking and user insights to help small businesses get from sales to cash faster.  Raised £200K The company recently secured £200K…

Read more: London fintech startup Coupay secures £200K to help SMEs get payment faster

London-based startup Ramp raises £7.1M to become the “PayPal for crypto”

Ramp, a London-based company that aims to open up digital assets to more businesses and users, has secured $10.1 million (approx £7.1 million) funding in a Seed Round led by NfX with Galaxy Digital.  Other investors including, Seedcamp, firstminute capital and Fabric Ventures, as well as Mozilla, plus notable business…

Read more: London-based startup Ramp raises £7.1M to become the “PayPal for crypto”

Bullish to enter UK in 2022, Swedish mobility startup Vässla bags £7.8M funding

The micromobility sector is rapidly expanding throughout the world and is expected to grow by 17% on a global scale year-on-year until 2024. To capitalise on the market, Vässla, a Swedish micromobility startup has secured $11 million (nearly £7.8 million) in a recent funding round. To enter the UK in…

Read more: Bullish to enter UK in 2022, Swedish mobility startup Vässla bags £7.8M funding

London meal-kit delivery platform Dishpatch picks up £10M as foodtech heats up

London-based DIY foodtech Dishpatch is best known for its finish-at-home meal kits. In a recent development, the company picked up £10 million in seed funding co-led by Andreessen Horowitz and LocalGlobe. Ambitious growth plans for 2021 The investment round also involves Stride, Entree Capital, and Entrepreneur First as well as…

Read more: London meal-kit delivery platform Dishpatch picks up £10M as foodtech heats up

UK’s first app-based pension provider Collegia secures £500K funding ahead of its launch

Everyone should have a flexible pension plan, which can be accessible in real-time, transportable between employers, stress-free to access, and suitable for periods of self-employment. Eyeing to serve these purposes, UK-based Collegia, the country’s first only app-based auto-enrolment and personal pensions provider is planning to launch in June. Now, ahead…

Read more: UK’s first app-based pension provider Collegia secures £500K funding ahead of its launch

Quantum leap: Honeywell to invest up to $300M in UK-based Cambridge Quantum Computing

US-based Flyhomes raises $150 million from investors

London’s Lofti, ‘the Uber of property management’, raises £1M to create a community-driven platform

$300 million, 10 startups and a dream: Decoding the secretive Thrasio-model by Indian startups 

Software startup Slintel raises $20 million led by GGV Capital

Another Klarna rival from UK: Hokodo secures £8.8M for its buy now pay later solution

Circular, London blockchain startup lands £10M funding for supply chain traceability and CO2 tracking

Crypto hardware wallet maker Ledger bags $380M funding, London VC Draper Esprit and Felix Capital also participate

OTHER NEWS