Wellness platform Fresha raises US$100 million in Series C funding round

Wellness platform Fresha raises US$100 million in Series C funding round

THE WHAT? Beauty and wellness platform Fresha has raised some US$100 million in a series C funding round led by General Atlantic with strategic participation from Huda Kattan.

THE DETAILS The booking platform for beauty and wellness services has amassed a base of some 50,000 partner venues across the US, UK, Canada, Australia, New Zealand and Europe, adding 4,000 venues in April 2021 alone.

“From the day we founded Fresha, our core focus has been on offering a solution that delights our customers. That drive has continued to direct our feature development and long-term vision. The rapid growth we’re seeing comes down to having happy customers that love using Fresha,” said Fresha Founder and CEO William Zeqiri. “The COVID-19 pandemic has accelerated the transition across the globe to online bookings and integrated card payments, now seen as essential to run any modern salon or spa. In May 2021, Fresha saw a thirty-fold increase in the volume of card payments processed on the platform compared to a year earlier.”

THE WHY? Fresha will leverage the new funds to further broaden its global community of partner salons and spas, scale product development, deepen its marketplace bookings and pursue strategic M&A.

Aaron Goldman, Global Co-Head of Financial Services and Managing Director at General Atlantic, commented, “William, Nick and the Fresha team have built a product that is resonating with the market and creating long-term value through the intersection of its payments, software and marketplace offerings. We are thrilled to be partnering with the company and believe Fresha has significant opportunity to further scale its innovative platform.”