Beauty booking startup Fresha valued at $1 billion with KKR backing
▼ Summary
– Fresha, a London-based beauty and wellness booking marketplace, received an $80 million investment from KKR’s Next Generation Technology Growth fund, valuing the company at over $1 billion.
– The investment from KKR’s growth equity arm signals that Fresha is considered past the risky early stages and ready to scale.
– As of the article, Fresha’s platform includes over 140,000 businesses and processes more than 35 million appointments monthly, totaling over a billion annually.
– The company has raised $285 million to date and plans to use the new capital for international expansion and AI feature development.
– Founded in 2015, Fresha has grown from 60,000 businesses in 2021 to over 140,000 today.
Beauty and wellness booking platform Fresha has secured an $80 million investment from KKR’s Next Generation Technology Growth fund, pushing its valuation past $1 billion. The funding comes from KKR’s growth equity division, which typically backs companies with proven business models that are still scaling aggressively. This signals that Fresha has moved beyond its early-stage risk profile and is now positioned for significant expansion.
Founded in London in 2015, Fresha has seen rapid adoption over recent years. When TechCrunch covered the company’s previous funding round in 2021, it had 60,000 businesses on its platform and worked with more than 150,000 professionals across 120 countries. Today, those numbers have more than doubled: the platform now hosts over 140,000 businesses, and those businesses collectively book more than 35 million appointments each month. That volume translates to over a billion appointments annually, making Fresha one of the largest scheduling platforms in any sector, not just beauty and wellness.
To date, Fresha has raised $285 million in total. The company plans to use the new capital to expand into additional countries and develop AI-driven features that will enhance both the booking experience and operational efficiency for its merchants.
(Source: TechCrunch)
