Luxembourg-based Salonkee, a salon management solution and booking platform for the hair- and beauty industry, announced that it has raised €28M in a growth round of funding.
The company says it will use the funds to help increase its market penetration across Europe, continue to invest in innovation, and expand its worldwide team to capitalise on the high demand for its product.
The round was led by PeakSpan Capital, a growth-stage B2B software-focused investment firm with over $1.5B in assets under management.
Founded in 2016, Salonkee is a provider of salon management solutions. It aims to dominate in Europe and claims to now provide the “most” complete set of management solutions for hair and beauty salons.
According to a statement, the company is the go-to option for salons throughout the continent because of their user-friendly platform, which is created to streamline operations, increase efficiency, and improve the client experience.
The platform provides salon owners with everything they need – from online booking and scheduling to integrated online and in-store payments, CRM and messaging/communication, resource and inventory planning, loyalty programme management, and accounting/finance, among others.
Salonkee claims to have shown the sustainability and success of its business model in an SMB market with net revenue retention of 135 per cent.
Currently, the company has 110 employees across offices in Luxembourg, Belgium, Switzerland, Germany and the Netherlands. It services thousands of customers and has grown revenue and customer count by over 100 per cent annually since inception.
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