Fresha secures £39.8m Series C follow on investment led by Michael Lahyani and BECO Capital
The booking platform extended its Series C fundraise to over $152m, valuing the company at more than $640m.
Fresha operates a marketplace platform for the beauty and wellness sector, providing management software and payment solutions to salons and spas worldwide.
Beauty and wellness booking platform Fresha has secured £39.8m in a Series C follow on investment. The capital injection was led by Michael Lahyani and BECO Capital, with additional participation from existing backers including General Atlantic, Partech, Target Global, and FMZ Ventures.
The latest financing brings the total raised in the company Series C round to over $152m and pushes total funding to $182m, valuing the business at more than $640m. Fresha intends to deploy the new funds to expand its network of partner salons and spas, accelerate product development, and drive marketplace bookings.
The firm has experienced strong growth following the pandemic as venues increasingly digitise their operations. Its software model offers free tools for appointment scheduling, inventory, and payments.
From the founder
"We believe that professionals like barbers, stylists and therapists should be able to focus on their craft without having to worry about the daily hassles of running their businesses,"
Nick Miller
Co-Founder and Chief of Product at Fresha
Investor perspective
"Fresha has positioned itself as a major player in the beauty and wellness industry with a large and loyal customer base,"
Aaron Goldman
Managing Director and Co-Head of Financial Services, General Atlantic
Use of funds
- 01Continue product development
- 02Expand into international markets
