Watalook, a Vilnius-based startup has collected €3 million in a seed funding round led by Danish byFounders and Lithuanian Practica Capital.
The round also saw participation from Dutch Crossspring and Lithuanian Motieka Investment Fund as well as some business angels.
The funding will help Watalook improve its services and strengthen its position in Europe, especially in Scandinavia.
Watalook targets the European beauty industry market, reaching more than 100 billion euros.
This year, three times more orders for beauty services have already been made in the application than in 2021, with a total value of 11 million euros. The number of specialists using the platform in 2022 grew by three times.
Round: Seed Round
Funding Month: December 2022
Lead Investors: Danish byFounders and Lithuanian Practica Capital
Additional Investors: Dutch Crossspring and Motieka Investment Fund
Company Website: https://www.watalook.com/
Software Category: Beauty Freelancers Booking platform
About the Company: Watalook is a beauty freelancer booking platform with SaaS and a marketplace. Its business connects beauty professionals and their clients into a single online platform enabling them to manage bookings of beauty services, process payments, and share their experience through mobile applications and website.