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Booksy secured growth capital from CIBC Innovation Banking to expand its client acquisition and market presence.

Oct 03, 2024•10 months ago
San Francisco

Investors

Cibc Innovation Banking

Description

CIBC Innovation Banking announced today that it has provided growth capital to Booksy, a mobile booking platform connecting beauty, wellness, and health professionals with local clients. The funding will be used to accelerate new customer acquisition and enhance the platform.

Company Information

Company

Booksy

Location

San Francisco, California, United States

About

Booksy was founded by Polish serial entrepreneurs Stefan Batory and Konrad Howard in 2014 with a mission to take the hassle out of scheduling beauty and wellness appointments. Giving customers and service providers peace of mind and allowing them to get on with the rest of their lives. With Booksy, customers book and pay for beauty appointments with local businesses via the app. Salons and service providers can manage these bookings, payments and their customer base, as well as sell products, via an accompanying Booksy Biz app. The company is headquartered in San Francisco and has raised venture capital from institutional and individual investors, including Cat Rock Capital, Prince Capital Partners, Piton Capital, VNV Global, Enern, Industry Ventures, XG Ventures, OpenOcean and Zach Coelius.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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