Total amount raised
$119.7 Millions
Latest funding date
10/1/2024
Location
Booksy has successfully raised over $100 million in Series C funding, attracting a diverse group of 29 investors, including CIBC Innovation Banking and Voltity. The platform connects local customers with professionals in the beauty, wellness, and health industries.
Keep reading to explore the intricacies of Booksy's fundraising journey and the investors backing this innovative platform.
What Is Booksy?
Booksy, founded in 2014 in Warsaw, Poland, is a booking platform that connects local customers with professionals in the beauty, wellness, and health industries. The company was established by Konrad Howard, Stefan Batory, and Tomasz Zembrzycki.
Booksy offers a mobile-first SaaS platform called Booksy Biz, designed for small business owners in these sectors. The platform includes tools for attracting new customers, managing appointments, staff, and payments, and building a loyal client base.
With operations in multiple countries, including the United States, the United Kingdom, Spain, and France, Booksy employs between 501 and 1000 people.
How Much Funding Has Booksy Raised?
- Seed Round
- Amount Raised: $900K
- Date: Aug 2015
- Lead Investors: Inovo.vc
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and launch in the market.
- Seed Round
- Amount Raised: $1.9M
- Date: Jan 2016
- Lead Investors: Inovo.vc
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and grow the user base.
- Series A
- Amount Raised: $4.2M
- Date: Mar 2017
- Lead Investors: OpenOcean
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series B
- Amount Raised: $13.2M
- Date: Jul 2018
- Lead Investors: Piton Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and increase market penetration.
- Series B
- Amount Raised: $28.5M
- Date: Sep 2019
- Lead Investors: KAYA, Piton Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and product development.
- Series C
- Amount Raised: $70M
- Date: Jan 2021
- Lead Investors: Cat Rock Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new regions.
- Venture Round
- Amount Raised: Undisclosed
- Date: May 2023
- Lead Investors: Siena Secondary Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic growth initiatives.
- Venture Round
- Amount Raised: Undisclosed
- Date: Nov 2023
- Lead Investors: Inovia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform features and expand market reach.
- Convertible Note
- Amount Raised: $1M
- Date: Dec 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide additional working capital for growth.
- Debt Financing
- Amount Raised: Undisclosed
- Date: Oct 2024
- Lead Investors: CIBC Innovation Banking
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate new client acquisition and market expansion.
Booksy has raised a total of $119.7M. The current valuation is not publicly disclosed.
Key Investors
- CIBC Innovation Banking
- Details: CIBC Innovation Banking provides growth financing to innovative companies across North America and the UK. They focus on supporting high-growth technology and life sciences companies.
- Investment Focus Areas: Technology, Life Sciences, SaaS.
- Notable Investments: Booksy, Lightspeed, Clio.
- Cat Rock Capital
- Details: Cat Rock Capital is a long-term investment firm that partners with high-quality companies to drive sustainable growth. They are known for their concentrated investment approach.
- Investment Focus Areas: Technology, Consumer, Industrials.
- Notable Investments: Just Eat Takeaway, Zillow, Booking Holdings.
- Piton Capital
- Details: Piton Capital is a venture capital firm that invests in businesses with network effects. They focus on early and growth-stage companies.
- Investment Focus Areas: Marketplaces, Network Effect Businesses, SaaS.
- Notable Investments: Auto1 Group, McMakler, Treatwell.
- Inovia Capital
- Details: Inovia Capital is a venture capital firm that partners with founders to build enduring global technology companies. They have a strong presence in both North America and Europe.
- Investment Focus Areas: Technology, SaaS, Fintech.
- Notable Investments: Lightspeed, AppDirect, Snapcommerce.
- OpenOcean
- Details: OpenOcean is a venture capital firm that invests in data-intensive software companies. They leverage their deep technical expertise to support their portfolio companies.
- Investment Focus Areas: Data-Intensive Software, SaaS, Open Source.
- Notable Investments: TrueLayer, MariaDB, Import.io.
What's Next for Booksy?
Booksy is poised to capitalize on the growing demand for mobile-first SaaS platforms in the beauty, wellness, and health sectors. With recent growth financing from CIBC Innovation Banking, the company aims to accelerate client acquisition and expand its market reach. The opportunities are vast, particularly in untapped regions beyond its current operations in the United States, United Kingdom, Spain, and France.
Future fundraising seems promising as Booksy continues to innovate and enhance its platform. The support from existing investors like Siena Secondary Fund and Inovia Capital indicates a strong potential for further investments. However, the company must navigate challenges such as competition from other booking platforms and the complexities of scaling operations in new markets.
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