THE WHAT? A year after attracting investment to the tune of €10 million, Planity has raised €30 million in a Series B funding round, according to a report published by WWD.
THE DETAILS The French beauty appointment booking platform’s prior investors participated in the round, namely Credit Mutuel Innovation, BPI Digital Venture, Alven Capital and the Eiffel Investment Group.
THE WHY? The funds will be piled into expanding Planity’s technical and commercial teams to support future growth as well as international expansion, starting with an office in Germany. Antoine Puymirat, President and Co-founder, told WWD, “Our first objective is to continue to develop the French market, where only 13 percent of beauty salons have an online appointment solution. We expect more than 60 percent will be equipped within the next five years, so we still have a lot of salons to support in their digitalization.
“This capital increase will also allow Planity to enter a new stage of its development by opening its first office outside France, in Germany. Finally, this funding round will enable us to double our workforce over the next 12 months with more than 200 new hires planned.”