Total amount raised
$163 Millions
Latest funding date
11/1/2021
Location
Vagaro has successfully raised significant funding through various rounds, with its latest being a Private Equity round closed on November 2, 2021. The platform offers a comprehensive suite of tools for businesses in the beauty, wellness, and fitness industries, including appointment scheduling, business management, and marketing solutions.
Keep reading to explore the intricacies of Vagaro's fundraising journey and the investors backing this innovative platform.
What Is Vagaro?
Founded in 2009 by Fred Helou, Vagaro is headquartered in Livermore, California. The company provides an all-in-one platform for appointment scheduling, client management, and business operations tailored for beauty, wellness, and fitness businesses.
Vagaro's software suite includes features such as online booking, marketing tools, payment processing, and a marketplace for businesses to list their services. The platform aims to help businesses get found, booked, and paid efficiently.
With a workforce of 501-1000 employees, Vagaro continues to innovate and expand its offerings to meet the evolving needs of its clients.
How Much Funding Has Vagaro Raised?
- Amount Raised: $63M
- Date: December 2018
- Lead Investors: FTV Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Vagaro's growth and development.
- Amount Raised: $100M
- Date: November 2021
- Lead Investors: FTV Capital
- Valuation at Round: $1 billion
- Motivation Behind the Round: To enhance product offerings and expand internationally.
Total Amount Raised: $163M. Current Valuation: $1 billion.
Key Investors
- FTV Capital
- Details: FTV Capital is a growth equity investment firm founded in 1998. They have invested in over 125 high-growth companies and have offices in San Francisco, New York, and Connecticut.
- Investment Focus Areas: Enterprise technology and services, financial services, payments and transaction processing.
- Notable Investments: Docupace, Derivative Path, EBANX.
What's Next for Vagaro?
Vagaro stands at the cusp of significant growth opportunities, driven by the increasing demand for digital management solutions in the beauty, wellness, and fitness industries. With a $1 billion valuation, the company is poised to enhance its product offerings and expand internationally, tapping into a market valued at $10.5 billion. This expansion could open doors to new revenue streams and a broader customer base.
Future fundraising seems promising, given the recent investment from FTV Capital and the company's robust growth trajectory. However, Vagaro may face challenges such as navigating international regulations and staying ahead of competitors. Maintaining high-quality service while scaling operations will be crucial for sustained success.
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