Shedul app raised £15 million in investment
Shedul, the online booking system for salons and spas, has raised $20 million in Series B investment, valuing the company at around $105 million led by Paris headquartered VC Partech.
Shedul is a free marketplace for salons and spas designed to help salons and spas manage their day-to-day sales and operations and includes features to help managing bookings, customer records, inventory and financial reporting.
As explained by co founder Nick Miller, Shedul co-founder “The market is highly competitive, crowded with legacy software providers who charge excessive fees to simply access their products. We’ve re-invented the business model by offering our business software totally free of charge, and instead monetise online bookings made through our marketplace. This strategy helps us consolidate the industry, building up a vast global network of merchants for our marketplace.”
Apparently the Shedul app is already at 8 million appointments booking each mont and is on track to process $6 billion worth of appointment bookings by the end of this year. One to watch for sure!