LONDON & NEW YORK–(BUSINESS WIRE)–Fresha, a prime magnificence and wellness software program platform, introduced at the moment a $100 million Collection C funding led by General Atlantic, a number one world progress fairness agency, with strategic participation from Huda Kattan of HB Investments and the founding father of Huda Magnificence, in addition to Michael Zeisser of FMZ Ventures, former Chairman Investments at Alibaba Group, and Jonathan Inexperienced of Lugard Street Capital. Fresha’s current world traders Partech, Goal World and FJ Labs additionally participated within the spherical, bringing the corporate’s whole fundraising to $132 million so far. Fresha will leverage the brand new funds to additional broaden its world neighborhood of accomplice salons and spas, scale product improvement, deepen its market bookings and pursue strategic M&A.
Fresha permits shoppers to find, ebook and pay for magnificence and wellness appointments with native companies by way of its market, whereas salons, spas and barbershops can leverage Fresha to handle their operations with its intuitive, subscription-free enterprise software program. The Fresha platform removes the vital ache factors that service-based companies typically encounter by seamlessly facilitating the acceptance of on-line appointment bookings, processing of card funds and administration of buyer data, together with automations for advertising, staffing, product stock and accounting, multi function place. Along with its free providing, Fresha Plus offers companions with extra superior options; moderately than a standard subscription mannequin, the corporate collects charges on the utilization of options for card cost processing and on-line bookings.
Fresha has amassed an in depth base of roughly 50,000 accomplice venues primarily spanning america, United Kingdom, Canada, Australia, New Zealand and Europe. In April 2021 alone, the corporate added over 4,000 new venues. The Fresha platform is utilized in 120 international locations globally, and every month, clients ebook tens of tens of millions of appointments on the platform, processing almost $12 billion in worth so far. Fresha’s give attention to constructing easy-to-use, free software program and providing enterprise instruments with none subscription charges, underpinned by a robust word-of-mouth impact, has helped the corporate construct a loyal following and buyer base. Fresha’s accomplice companies depend on the platform for its ease of use, time-saving advantages and embedded options to develop gross sales, whereas finish shoppers take pleasure in a premium reserving and cost expertise.
“From the day we based Fresha, our core focus has been on providing an answer that delights our clients. That drive has continued to direct our function improvement and long-term imaginative and prescient. The speedy progress we’re seeing comes right down to having completely happy clients that love utilizing Fresha,” stated Fresha Founder and CEO William Zeqiri. “The COVID-19 pandemic has accelerated the transition throughout the globe to on-line bookings and built-in card funds, now seen as important to run any fashionable salon or spa. In Might 2021, Fresha noticed a thirty-fold enhance within the quantity of card funds processed on the platform in comparison with a 12 months earlier.”
“Legacy software program choices for magnificence and wellness companies are sometimes costly to buy and tough to make use of. Salons face obstacles with inefficient scheduling, leading to low occupancy and misplaced gross sales,” stated Nick Miller, Fresha Co-Founder and Chief of Product. “Greater than ever, magnificence and wellness companies are opting to develop gross sales by leveraging instruments to facilitate on-line funds, self-service bookings and automatic advertising initiatives. Fresha’s know-how optimizes appointment bookings with real-time on-line availability and boosts native discovery, serving to accomplice salons develop gross sales,” he stated.
“Fresha has emerged as a frontrunner powering the sweetness and wellness trade,” stated Aaron Goldman, World Co-Head of Monetary Companies and Managing Director at Normal Atlantic. “William, Nick and the Fresha staff have constructed a product that’s resonating with the market and creating long-term worth by means of the intersection of its funds, software program and market choices. We’re thrilled to be partnering with the corporate and imagine Fresha has vital alternative to additional scale its progressive platform.”
Huda Kattan shared her pleasure at investing within the firm: “I’ve witnessed first-hand the optimistic influence Fresha has for magnificence entrepreneurs. The corporate is a power for good within the rising neighborhood of magnificence professionals across the globe, who’re more and more adopting a self-employed strategy. By making prime enterprise software program accessible with none subscription charges, Fresha lets professionals give attention to what they do finest – providing nice experiences for his or her clients.”
“We imagine Fresha outpaces the competitors by combining a superior product-market match with excellent execution capabilities,” stated Philippe Collombel, Normal Accomplice at Partech. “William and Nick beautifully steered Fresha in the course of the COVID-19 pandemic. They’ve continued to innovate, speed up signups of recent salons, and enhance revenues, while supporting new venues and small companies in navigating the disaster. We will’t wait to see Fresha’s continued progress after this new funding spherical and are thrilled to accomplice as soon as once more with Normal Atlantic,” he stated.
Beforehand, Fresha raised Collection B funding from Paris-based Partech, together with Collection A and Seed investments from Dubai-based MEVP. Launched in 2015 and with headquarters in London, the corporate is backed by traders from New York Metropolis, Silicon Valley and Europe.
Fresha is a number one world magnificence and wellness platform. Every month, tens of tens of millions of appointments are found, booked and paid with accomplice salons, spas and barbershops on Fresha. 50,000 accomplice venues in over 120 international locations use the platform to handle their operations with Fresha’s intuitive, full-spectrum, subscription-free enterprise software program. Fresha transforms magnificence and wellness enterprise operations by enabling the acceptance of on-line appointment bookings, processing of card funds and managing buyer data, together with automations for advertising, staffing, product stock and accounting, multi function place. Launched in 2015 initially underneath the identify Shedul, the corporate rebranded to Fresha in 2020. For extra data, go to www.fresha.com, obtain Fresha on the App Store and Google Play or comply with Fresha on Facebook and Instagram.
About Normal Atlantic
Normal Atlantic is a number one world progress fairness agency offering capital and strategic help for progress corporations. Established in 1980, Normal Atlantic combines a collaborative world strategy, sector particular experience, a long-term funding horizon, and a deep understanding of progress drivers to accomplice with nice entrepreneurs and administration groups to construct market-leading companies worldwide. Normal Atlantic has greater than 175 funding professionals primarily based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, Jakarta, London, Mexico Metropolis, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, and Singapore. For extra data on Normal Atlantic, please go to the web site: www.generalatlantic.com.
About Huda Kattan
Huda Kattan is chairwoman HB Investments (HBI), the personal funding workplace of the founders of Huda Beauty: Huda (Chairwoman), Mona (President), Alya Kattan, Christopher Goncalo and is led by CEO Karan Wats. HBI invests in visionary entrepreneurs that share a typical need to construct world-class client manufacturers whereas creating significant influence; paring entrepreneurs with a model constructing, advertising, PR and distribution ecosystem to assist them unleash their magic. Going past conventional funding partnerships, HBI additionally runs a complete incubator program referred to as HB Angels, which offers seed funding and a brand-building ecosystem to a rigorously chosen group of in-house entrepreneurs. With a sturdy staff of prime advertising, PR, operations and provide chain expertise, HBI is co-creating companies that may change the world for the higher.