TLDR:
– Mangomint, a salon software startup, raised $35M in Series B funding led by Altos Ventures and SaaStr Fund.
– The company automates salon and spa operations and has seen significant growth in annual recurring revenue and customer base.
In 2017, Daniel Lang, Dan Poineau, and Sandra Huber founded Mangomint to provide all-in-one software for salon and spa operations. The founders believed that building their own booking platform was the right approach for the beauty and wellness industry. The software automates tasks from client booking to sending promotional emails, aimed mainly at small and medium-sized businesses with at least five technicians. Mangomint has achieved annual recurring revenue and customer growth of over 100% for several years, processing more than $1 billion in transactions with notable clients.
The company recently secured a $35 million Series B funding round led by Altos Ventures and SaaStr Fund, with participation from OpenView Venture Partners. This investment will allow Mangomint to hire more talent, enhance automation-driven features, and launch new tools for salon marketing and communication. The company’s success story includes a cold email to Jason Lemkin, which led to a significant investment offer within hours. Mangomint’s innovative solutions are poised to revolutionize the salon and spa industry, creating value for SMBs and customers alike.
