Booksy closes a $70M Series C round to continue international expansion
Polish startup Booksy has raised $70 million in a Series C funding round led by Cat Rock Capital with participation from Sprints Capital. OpenOcean, Piton Capital, VNV Global, Enern, Kai Hansen, Zach Coelius and Manta Ray Ventures also joined the round, after which the total capital received by Booksy amounted to $119 million, TechCrunch reports.
Booksy is a developer of a cloud-based booking platform designed to schedule appointments for beauty and wellness services. The startup’s platform uses machine learning and AI algorithms to determine each user’s buying pattern and offer them the best dates with their favourite professionals. Booksy also enables businesses to manage bookings, payments and customer base via the accompanying Booksy Biz app.
The startup was launched in 2014 by Polish entrepreneurs CEO Stefan Batory and Konrad Howard. Currently, it operates in the US, with headquarter in San Fransisco, UK, Poland, Spain, Brazil and South Africa, and reports more than 13 million active users worldwide. As Batory maintained, the proceeds will allow Booksy to continue its international expansion and to enter the North American market, as well as to acquire new beauty industry management businesses.