Shedul.com Raises $6M in Series A Funding Round
Dubai-based startup Shedul.com, 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. Shedul.com 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, Shedul.com 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 Shedul.com 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.