Raises $6M in Se­ries A Fund­ing Round

Arabnet - The Quarterly - - Industry Stories -

Dubai-based startup, a free book­ing plat­form for sa­lons and spas, closed a $6M round of Se­ries-a fi­nanc­ing, in June. The round was led by Dubai-based Mid­dle East Ven­ture Part­ners (MEVP) and backed by Dubai’s BECO Cap­i­tal and San Fran­cisco-based Lu­mia Cap­i­tal. The new round of fund­ing fol­lows an ear­lier seed round also lead by MEVP. Launched in 2015, the plat­form stream­lines small and medium sized busi­ness op­er­a­tions with in­tu­itive, free-to-use soft­ware. takes the has­sle out of run­ning a busi­ness by man­ag­ing ap­point­ment book­ings, point-of-sale, cus­tomer records, hu­man re­sources, in­ven­tory, and fi­nan­cial re­port­ing. In un­der two years, has qui­etly signed up a vast user base of over 40M mer­chants in more than 120 coun­tries, most of whom learned about the plat­form by word of mouth. Over half of users are in the United States, fol­lowed by the United King­dom, Canada, and Aus­tralia. Mil­lions of book­ings are made on the plat­form each month, and book­ings are grow­ing at an av­er­age rate of 35% month-on-month. The plat­form is well on track to process over $1BN worth of ap­point­ment book­ings by the end of 2017.

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