Zenoti’s spa-management software was designed around mobile devices. (Zenoti Photo)
Zenoti plans to announce Wednesday that it has raised $50 million in new Series C funding round led by Tiger Global Management, which should provide quite a boost for its mission to drag the beauty industry into the 21st century.
The Seattle startup has quietly grown into a 320-person operation with more than 5,000 salon and spa customers who use its mobile-focused business management software. The new round brings the total amount of money raised by Zenoti to $71 million, said co-founder and CEO Sudheer Koneru in an interview with GeekWire.
Sudheer Koneru, co-founder and CEO, Zenoti (Zenoti Photo)
It’s the third-largest funding round for a Seattle startup this year, according to PitchBook data. And it’s another Seattle-area investment from Tiger Global Management, a New York-based firm known globally for making long-term investments in companies including Spotify, Facebook, LinkedIn, Flipkart, and other tech giants.
Tiger Global also led a $28 million round for Seattle marketing startup Amperity; a $50 million round in Seattle-based real estate company Redfin; and is an investor in Bellevue, Wash.-based OfferUp, a Craigslist competitor valued at more than $1 billion. The “prolific” firm raised a $3.8 billion