Booksy raises US$70 million in Series C funding round

Booksy raises US$70 million in Series C funding round

THE WHAT? Beauty and wellness appointment booking app Booksy has raised US$70 million in a Series C funding round, according to a report published by Tech Crunch.

THE DETAILS The round was led by Cat Rock Capital with participation from Sprints Capital, Open Ocean, Piton Capital and Manta Ray ventures among others, all betting on the company’s ability to build the leading global software platform for digitizing the beauty and wellness industry around the world.  

THE WHY? Booksy said that the investment would be piled towards its expansion plans for North America as well as filling its acquisition pot as it seeks to grow internationally.

“This latest round of funding enables us to reach even more salons and service providers across the US, and in all the regions we operate, which in turn helps them reach more customers,” Founder and CEO Stefan Batory said in a statement, per Tech Crunch.