Salonkee, a Luxembourg-based salon management solution and booking platform for the hair and beauty industry, raised €28 million in Series B funding.

The round was led by PeakSpan Capital, with participation from existing investors Fortino Capital, Newion Partners, Expon Capital, and LBAN. The fresh capital will see Salonkee innovate, expand, and grow its suite of management tools for hair and beauty salons across Europe.

The funds will fuel growth in the Salonkee team, innovation of its offering, and growth throughout its European markets, which Salonkee claims are catching up with their US counterparts, due in part to its 'large and growing international team'.

“We’ve developed a comprehensive, end-to-end solution enabling customers to digitise all aspects of their operation, yielding tremendous efficiency gains and mind-blowing ROI. Our platform provides everything needed to run a salon business in the modern era from a single pane of glass, offered at a disruptive price point. This makes our solution incredibly sticky and mission critical for our customers. We’re thrilled to have PeakSpan on board as a partner and look forward to investing the proceeds from this financing to continue to deliver the best possible solution in market to our customers," says Tom Michels, co-founder and CEO of Salonkee.

Company: Salonkee SA

Raised: €28.0M

Round: Series B 

Funding Month: June 2023

Lead Investors: PeakSpan Capital

Additional Investors: Fortino Capital, Newion Partners, Expon Capital, and LBAN

Company Website: https://pro.salonkee.com/

Software Category: Salon Software

About the Company: Founded in 2016, Salonkee is an all-in-one software solution for hair and beauty salons that includes scheduling appointments, point-of-sale software, loyalty programs, payments, CRM and messaging/communication, resource and inventory planning, loyalty program management, and accounting/finance, among others. It currently has 110 employees across offices in Luxembourg, Belgium, Switzerland, Germany, and the Netherlands.

Source: https://tech.eu/2023/06/12/luxembourgs-salonkee-books-itself-eur28-million-to-grow-its-team-and-salon-management-platform/