Seattle, WA, July 23, 2015 - Zenoti, a mobile and cloud based technology platform that serves the beauty and wellness industry announced a $6.0M Series A financing round led by Accel . The investment will allow the company to accelerate its sales and marketing growth globally and to expand its mobile product offering.Zenoti (formerly ManageMySpa) was founded in India and has since become the leading software vendor for spas and salons in India. Large enterprise clients in India include Kaya Skin, Enrich Salons, O2 Spas, Blush Clinics. While the company is headquarted in Seattle, WA, major investments are continuing to be made into India.
"I can not express which is more exciting, finding a software solution that seems tailor made to our business or a company that delivers on exceptional customer service. Massage Green is on a fast growth curve and Zenoti is essential for us to make strategic business decisions, run our network as unified brand, and help individual outlets outperform their sales goals. Zenoti, truly is an excellent software and a trusted partner."Allie T. Mallad,CEO & President, Massage Green
Zenoti’s SaaS solution is used by spas, salons and medical spas to more easily manage and grow their business. Built by a team experienced in enterprise software, the Zenoti solution is designed to manage all operational aspects of the spa and salon business, including online booking, appointment management, POS, CRM, staff management, inventory controls, built in marketing, analytics and more. The platform supports companies of all sizes from single outlet spas and salons to multi-location chains with more than 300 outlets.The beauty and wellness industry is rapidly growing across the world. And, service retailers of all sizes need modern tools to manage their business and meet evolving consumer demands.Zenoti offers a unique solution by being able to support the needs of the small business owner as well as the large enterprise.Some large enterprise clients globally include Massage Green and La Vida in the US, ElemisSpas in the UK, Martha Tillar in Indonesia, Hair Free and Results Laser Clinic in Australia, Tips & Toes, Hello Kitty,and The Grooming Company in the Middle East.Founded in 2010, Zenoti has seen double-fold growth year over year since inception. The company has offices in 7 countries and customers in over 30 countries – with thousands of outlets on the service.
"We’re confident in our ability to execute quickly and scale our growth” said Sudheer Koneru, Zenoti CEO and Founder.
"We’re able to meet the needs for the beauty and wellness industry , which is a need that has not been addressed by any other player in the market. We have a proven product that scales for large businesses and have been able to dominate multiple markets. With Accel’s insights and investment, we’re poised for rapid growth.""Accel invests in companies with strong founding teams and a product that serves high-growth markets," said Accel 's Shekhar Kirani. "We believe that Zenoti is at a pivotal point in its growth trajectory and has all the competencies to become the leader in its space. We’re excited about the momentum the company has experienced so far and the growth of the wellness industry globally."Shekhar Kirani has joined the Zenoti Board of Directors.
About Zenoti
Zenoti helps business providers in the beauty and wellness space grow their business. The founding team brings expertise in building enterprise solutions that have been used by 200 of the Fortune 500 companies.Zenoti’s solution addresses the needs of spas, salons and medical spas with technology based on three principles – reliable and speedy service, capabilities that support end-to-end business processes, and ease of use. The core solution enables a spa to deliver delightful customer experiences, achieve operational excellence and drive revenue growth. Zenoti offers 24/7 customer service, free training and consulting services in addition to the core software.
About Accel
Accel is a leading venture capital firm that partners with exceptional founders with unique insights, from inception through all phases of private company growth. Atlassian, Braintree, Cloudera, Crowdstrike, DJI, DocuSign, Dropbox, Etsy, Facebook, Flipkart, Freshworks, Jet, Pillpack, Qualtrics, Slack, Spotify, Supercell, Tenable, Venmo and Vox Media are among the companies the firm has backed over the past 35+ years. The firm seeks to understand entrepreneurs as individuals, appreciate their originality and play to their strengths. Because greatness doesn't have a stereotype. For more, visit www.accel.comwww.facebook.com/accel or www.twitter.com/accel
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