Fresha has announced an $80 million investment from KKR’s Next Generation Technology Growth fund, achieving a post-money valuation of over $1 billion. Founded in 2015 and headquartered in London, Fresha operates a platform for booking beauty and wellness services.
This investment comes from KKR’s growth equity division, which typically invests in companies with proven business models that are still in expansion phases. As a result, Fresha is considered to be entering a larger-scale growth stage.
The business scale continues to expand.
Fresha stated that the platform currently has over 140,000 merchants and facilitates more than 35 million bookings per month, which, according to the company, exceeds 1 billion bookings annually.
- Founded in 2015, serving the beauty and health appointment industry.
- In 2021, the platform had approximately 60,000 merchants.
- A total of $285 million has been raised to date.
Funds are allocated for expansion and AI.
The company said the new funding will be used to expand into more countries and continue developing AI features. Fresha also noted that the number of professional service providers on the platform and the volume of bookings are both growing steadily.
This round of funding also demonstrates that investors remain interested in the platform’s commercialization capabilities, particularly for vertical service platforms that have established stable transaction volumes.