The $4 trillion beauty and wellness industry is supported by tens of thousands of businesses and millions of professionals that provide haircuts, treatments, and workouts. Fresha, a firm that offers a software stack to assist them in running its operations, announced today that it had raised $52.5 million in new capital to expand its own business.
General Atlantic, Partech, Target Global, and FMZ Ventures all participated in the round co-led by Michael Lahyani and BECO Capital. Fresha has raised a total of $182 million.
“Stylists [and other beauty and wellness professionals] are not really trained in business management. Our goal is to free that up and automate all aspects of their business,”William Zeqiri, co-founder and CEO
Fresha raised the first $100 million in June of this year, and the latest funding represents a Series C extension, bringing the startup’s worth to almost $640 million. The company had not previously announced its valuation to put things in perspective. Still, Zeqiri confirmed that it had climbed significantly in the extension due to its growth in the recent six months.