Key Takeaways
- GlossGenius, a vertical SaaS platform for small business owners in the beauty and wellness industry, has raised $28 million in the recent Series C funding round.
- The round was led by L Catterton with participation from Bessemer Venture Partners and Imaginary Ventures.
- With this round, the firm’s total funding now stands at a commendable $70.6 million over 8 rounds.
- The funds will likely be used to expedite growth and expansion within the salon, studio space and beyond.
GlossGenius, a New York-based vertical SaaS platform designed for small business owners within the salon and studio space, announced it has successfully acquired $28 million in a Series C funding round. The fundraising round took place on the 27th of July, 2023.
The funding round was led by L Catterton, with participation also coming from Bessemer Venture Partners and Imaginary Ventures. With these funds, the total investments into the startup now tally up to an impressive $70.6 million over the course of 8 rounds.
The newly-secured funds are expected to be channelled towards the company’s growth within the salon and studio spaces, as well as a potential expansion to other small and medium businesses. Deciding to take advantage of the growing popularity of apps and mobile platforms within the beauty, fintech, wellness, and related sectors, GlossGenius has positioned itself advantageously to flourish in this fertile market.
For more information about GlossGenius, feel free to visit their Crunchbase page or check out their official website.
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