- Zenoti Software — a cloud-based platform for the spa, salon, and med spa industry — announced it raised $20 million
Zenoti Software — a leading cloud-based platform for the spa, salon, and med spa industry — announced it raised $20 million in funding from Steadview Capital. This funding round comes on the heels of the company raising $50 million in Series C. And Zenoti intends that this additional funding to expand the company’s presence in the U.K. and bolster its global marketing efforts.
There are thousands of spas and salons in more than 50 countries rely on Zenoti to seamlessly manage every aspect of their business. And the integrated solution delivers online appointment bookings, mobile check in/check out, POS, CRM, employee management, inventory management, built-in marketing programs, etc. Zenoti is also known for helping clients streamline their systems and reduce costs while simultaneously improving customer retention and spending.
“Steadview has a keen eye for SaaS opportunities, and we couldn’t ask for a better partner to help us cement our leadership position and rapid growth in the industry,” said Zenoti CEO Sudheer Koneru. “With more than $91 million raised to date, Zenoti is poised to accelerate adoption of our proven platform on a global scale, and continue to drive exceptional growth through a variety of strategies including innovation, expansion, and acquisition.”
This round of funding coincides with the recent signing of Hand & Stone Massage and Facial Spa. And Zenoti is now committed to powering business operations across the chain’s more than 400 stores in the US and Canada.
Previously Zenoti raised capital from Tiger Global, Accel, and Avataar. And Zenoti announced it hired Guy Weismantel as Senior Vice President of Marketing — who is a SaaS platform and technology industry veteran.
“Zenoti is realizing our vision of service entrepreneurs, addressing the most common pain points for business owners in the fast-growing beauty and wellness industry with a cloud-based platform that is miles ahead of the competition and driving rapid growth,” added Steadview Capital founder and managing director Ravi Mehta. “We are excited to support Zenoti on its fast track to global expansion as it continues to raise the bar for customer service in spas and salons around the world.”
