10.09.15
GlamSquad, a company that is leading the market mobile beauty services, announced that New Enterprise Associates ("NEA") has led a $15 million Series B financing round, with participation from existing investors SoftBank Capital, Lerer Hippeau Ventures, Montage Ventures and AOL's BBG Ventures.
GlamSquad intends to use the proceeds of this round to accelerate its growth nationwide, expand its engineering and marketing capabilities and explore preliminary development of new products and services. Areas of focus will include bridal services, GlamSquad-branded products and e-commerce capabilities.
"This financing is the result of continued, record-setting growth," says Alexandra Wilkis Wilson, co-founder/CEO, GlamSquad. "Each week, we hit new appointment count and revenue records. We have quintupled our run-rate revenue from just one year ago and are looking ahead to expansion in Washington, D.C., Dallas, Chicago and many more cities."
"NEA is a perfect partner for GLAMSQUAD as the Company continues to build a powerful new distribution system for beauty services and products," says Jason Perri, the Company's Co-founder and Chairman. "The team is excited to leverage NEA's expertise in building and scaling consumer brands and marketplaces."
Last October, the company announced it received $7 million, which is when it named Wilson as its new CEO.
GlamSquad intends to use the proceeds of this round to accelerate its growth nationwide, expand its engineering and marketing capabilities and explore preliminary development of new products and services. Areas of focus will include bridal services, GlamSquad-branded products and e-commerce capabilities.
"This financing is the result of continued, record-setting growth," says Alexandra Wilkis Wilson, co-founder/CEO, GlamSquad. "Each week, we hit new appointment count and revenue records. We have quintupled our run-rate revenue from just one year ago and are looking ahead to expansion in Washington, D.C., Dallas, Chicago and many more cities."
"NEA is a perfect partner for GLAMSQUAD as the Company continues to build a powerful new distribution system for beauty services and products," says Jason Perri, the Company's Co-founder and Chairman. "The team is excited to leverage NEA's expertise in building and scaling consumer brands and marketplaces."
Last October, the company announced it received $7 million, which is when it named Wilson as its new CEO.