TechCrunch
Fresha, the beauty and wellness booking marketplace, has secured an $80 million investment from KKR's Next Generation Technology Growth fund, resulting in a valuation of over $1 billion for the London-based company. This investment is particularly significant as it comes from KKR's growth equity division, which focuses on companies with established business models that are poised for aggressive expansion. This indicates that Fresha has moved beyond its initial high-risk phases and is now positioned for substantial growth.
Founded in 2015, Fresha has experienced impressive growth in recent years. In 2021, when TechCrunch reported on the company's fundraising activities, Fresha supported 60,000 businesses on its platform and collaborated with over 150,000 professionals across 120 countries. As of now, the platform boasts more than 140,000 businesses and facilitates over 35 million appointments each month. This translates to more than a billion appointments annually, placing Fresha among the larger scheduling platforms in the market, encompassing sectors beyond just beauty and wellness.
With this latest round of funding, Fresha has raised a total of $285 million and intends to utilize the new capital to expand its reach to additional countries and enhance its offerings with AI-driven features.
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