New-York based business management platform, GlossGenius raised $25 million in a Series B funding round led by Imaginary Ventures and Bessemer Venture Partners. With over 40,000 customers in the beauty and wellness space, GlossGenius’ target market includes nail artists, estheticians, makeup artists and barbers.
GlossGenius automates administrative aspects that are specific to the salon and spa industry. For example, it expedites appointment booking processes with built-in reminders. As a personalized touch, GlossGenius sends custom follow-up messages tailored to individual clients’ special occasions and milestones. In addition to managing client relations, GlossGenius saves business owners approximately 8 hours a week by capturing key data such as client re-booking rates coupled with producing inventory and sale tax reports.
GlossGenius plans to use its newly acquired capital to invest in developing fintech functions, and new product developments. It will be exciting to track the company's growth as it continues to generate digital solutions that help beauty professionals optimize their time and customer service.
The development of robotaxis from companies such as Waymo LLC and Zoox, Inc. has sparked broader conversations about how autonomous vehicles will integrate into everyday life. For this integration to…
The Business Development Bank of Canada (“BDC”) has indicated it may ease restrictions that have historically limited venture capital funds it backs from investing in defence-related technologies…
Toothpod, a Toronto-based startup, has launched a portable, chewable tablet that anyone can use to clean their teeth. The company was co-founded by Vishar Yaghoubian, an emerging entrepreneurial star…
Cohere Inc. (“Cohere”), a Toronto company focused on developing enterprise AI, announced its partnership with Thales Canada Inc. (“Thales”). Thales is a leader in advanced defence and digital…
The federal government’s newly announced C$358 million initiative to strengthen Canada’s defence supply chain represents a decisive step toward fortifying the country’s sovereign and military…
Scientists have detected what they believe are crackles of lightning on Mars. NASA’s Perseverance rover, which landed on Mars in February 2021, carries a microphone that picked up pops of small…
