GlossGenius Revenue, Valuation, Funding & Investors

GlossGenius is valued at $510M as of July 2023, a 5.1x multiple on its last reported $100M revenue.

Last GlossGenius valuation

$510M

Series C · Jul 2023

Last GlossGenius funding round

$28M

Series C · Jul 2023

GlossGenius revenue

$100M

Series C · Jul 2023

Key investors in GlossGenius

  • Bessemer Venture Partners
  • Techstars
  • 2048 Ventures
  • Imaginary Ventures
  • HearstLab
  • Right Side Capital Management

GlossGenius Overview

About GlossGenius

GlossGenius is a New York-headquartered software provider for beauty and wellness professionals offering appointment booking, payments, and client management. The platform integrates calendars, SMS reminders, no-show protection, and marketing automation for salons and freelancers. GlossGenius tracks service history, generates reports, and supports waitlists. It serves over 40,000 businesses in the United States with iOS and web apps.


Founded

2016

HQ

United StatesNew York City, NY

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$100M (Jul 2023)

Valuation

$510M (Jul 2023)

GlossGenius Valuation

GlossGenius is currently valued at $510M, based on its Series C in July 2023.

The $28M round was led by L Catterton, with participation from Wormhole Capital, Bessemer Venture Partners, HearstLab and Imaginary Ventures.

GlossGenius valuation by funding round

GlossGenius valuation by funding round
DateStageValuationRevenue Multiple
Jul 2023Series C$510M5.1x

GlossGenius Revenue

GlossGenius' latest recorded revenue is $100M, as of its Series C in July 2023. At a $510M valuation, that implies a 5.1x revenue multiple.

GlossGenius revenue by funding round

GlossGenius revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jul 2023$100M$510M5.1xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

GlossGenius Funding History

GlossGenius has raised a total of $71M across 6 funding rounds.

GlossGenius' first fundraising round was a $100K pre-seed round in September 2015. The most recent completed round was a $28M Series C in July 2023.

GlossGenius funding rounds

GlossGenius funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2023Series CL Catterton (lead); Wormhole Capital; Bessemer Venture Partners; HearstLab; Imaginary Ventures$28M$510MGlossGenius is a business-in-a-box platform providing vertical software and embedded payments for small businesses in the beauty and wellness industry, including salons and spas. It enables end-to-end management of operations such as bookings, payments, inventory, expenses, marketing, and client experiences, with customizable card readers for branding. The company serves tens of thousands of customers across the U.S., with over 40,000 to 60,000 spas and salons using the platform, processing billions of dollars in annualized transaction volume and achieving triple-digit growth in the last year. On July 27, 2023, GlossGenius closed a $28 million Series C funding round led by L Catterton's Growth Fund, with participation from Bessemer Venture Partners and Imaginary Ventures. This marked the second up-round in 12 months, following a $25 million Series B in September 2022 co-led by Imaginary Ventures and Bessemer, more than tripling valuation from Series A, and bringing total funding to approximately $70 million. The round valued the company at $510 million post-money, up from $360 million in the prior round. Funds will accelerate platform development, including new consumer experience, payment, and automation products, and strengthen the team to support growth in the beauty and wellness vertical. Investors highlighted GlossGenius's product excellence, customer enthusiasm, and position as the go-to platform amid industry shifts favoring vertical operating systems. CEO Danielle Cohen-Shohet emphasized enabling businesses to scale with sophisticated tools typically used by larger companies.
Sep 2022Series BBessemer Venture Partners (lead); Imaginary Ventures (lead); Left Lane Capital; 2048 Ventures$25M-GlossGenius is a vertical software platform providing a business-in-a-box solution for beauty and wellness small businesses, including salons, spas, and studios. It automates client experiences and back-office operations such as payments, booking, inventory, communications, expenses, deposits, reporting, and marketing. On September 27, 2022, the company closed a $25 million Series B funding round co-led by Imaginary Ventures and Bessemer Venture Partners, with participation from Left Lane Capital and 2048 Ventures, bringing total funding to $44 million since its 2016 launch. At the time of the Series B, GlossGenius served over 40,000 businesses, powering more than $2 billion in annualized transaction activity and reaching 14 million end-clients. The platform reported triple-digit year-over-year revenue growth, with businesses on average earning 25-100% more revenue using GlossGenius. Over 70% of its customers were women-led, many from underrepresented backgrounds, supporting economic mobility in the industry. Customer acquisition relied on word-of-mouth without a dedicated sales team. The funding was intended to expand the employee base of 150, focusing on engineering, product, design, and marketing, while investing in new product development, particularly fintech functions. GlossGenius positioned itself akin to Toast in the restaurant sector, consolidating the tech stack for small businesses in beauty and wellness, an industry ripe for digitization post-pandemic.
Nov 2021Series ABessemer Venture Partners (lead); Robert Murphy; Chris Comparato; Aman Narang; Tobias Lütke; 2048 Ventures$16M-GlossGenius raised $16.4 million in a Series A round on November 16, 2021, led by Bessemer Venture Partners, with participation from 2048 Ventures, Aman Narang, Chris Comparato, Robert Murphy, and Tobias Lütke. The platform provides an all-in-one business management solution for beauty and wellness businesses, including salons and spas, handling bookings, payments, and operations. It generates revenue through subscription fees and 2.6% payment processing fees per card transaction, plus add-on payroll services. The Series A funding built on a prior $2.8 million seed round from Techstars and angels. By July 2023 Series C, valuation reached $510 million for $28 million raised. Traction grew post-Series A, serving 40,000 businesses by September 2022, 60,000 by July 2023, and over 70,000 by July 2025, powering billions in annual transaction volume by July 2023.
Feb 2016SeedTechstars$1M--
Dec 2015Pre-seedTechstars (lead)$100K--
Sep 2015Pre-seedHearstLab; Right Side Capital Management$100K--

Who has invested in GlossGenius?

13 investors have backed GlossGenius across its funding rounds, including Bessemer Venture Partners, Techstars, 2048 Ventures, Imaginary Ventures, HearstLab and Right Side Capital Management.

Lead investors include L Catterton, Bessemer Venture Partners, Imaginary Ventures and Techstars.


GlossGenius Investors

Investors in GlossGenius by funding rounds participated
InvestorHQRoundsRoleFirst check
Bessemer Venture PartnersUnited StatesSan Francisco, CA3LeadNov 2021
2048 VenturesUnited StatesNew York City, NY2ParticipantNov 2021
HearstLabUnited StatesNew York City, NY2ParticipantSep 2015
TechstarsUnited StatesBoulder, CO2LeadDec 2015
Imaginary VenturesUnited StatesNew York City, NY2LeadSep 2022
Robert MurphyUnited StatesWest Palm Beach, FL1ParticipantNov 2021
Wormhole CapitalUnited StatesNew York City, NY1ParticipantJul 2023
Chris ComparatoUnited StatesUnited States1ParticipantNov 2021
Aman NarangUnited StatesUnited States1ParticipantNov 2021
Tobias LütkeCanadaOttawa1ParticipantNov 2021
Left Lane CapitalUnited StatesNew York City, NY1ParticipantSep 2022

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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GlossGenius Competitors

GlossGenius competitors include listed companies like Huitongda Network and PAR Technology, and private ones like Workiz, Homebase, Sunmi Technology and Khatabook.

Public and private companies comparable to GlossGenius
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WorkizUnited StatesSan Diego, CAPrivate--$200M-
Huitongda NetworkChinaChinaPublicly listed$7.8B$112M$497M0.0x
HomebaseUnited StatesSan Francisco, CAPrivate--$550M-
Sunmi TechnologyChinaShanghaiPrivate--$443M-
KhatabookIndiaBangalorePrivate$9M-$600M66.7x
PAR TechnologyUnited StatesUnited StatesPublicly listed$456M($27M)$661M2.0x

GlossGenius Public Comps

GlossGenius is still privately-owned, but its public comps include Huitongda Network, Smaregi, RWS Holdings, PAR Technology, Pro-Ship, Turn Cloud Technology, CS Disco, Eagle Eye, Hibino and Vectron Sys.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Huitongda Network$7.8B$112M0.0x0.0x0.3x0.3x
Smaregi$86M$24M4.4x4.2x15.6x14.2x
RWS Holdings$927M($26M)0.7x0.7x(27.2x)4.8x
PAR Technology$456M($27M)2.2x2.0x(38.0x)24.4x
Pro-Ship$54M$21M5.5x4.9x14.2x13.4x
Turn Cloud Technology$25M$7M12.1x-42.2x-
CS Disco$157M($44M)1.1x1.0x(4.0x)(22.1x)
Eagle Eye$65M$15M2.6x2.6x11.6x12.3x

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Common questions about GlossGenius

When was GlossGenius founded?GlossGenius was founded in 2016.
Where is GlossGenius headquartered?GlossGenius is headquartered in New York City, NY, United States.
Is GlossGenius publicly listed?No, GlossGenius is a private, VC-backed company.
What is GlossGenius' valuation?GlossGenius was last valued at $510M in its Series C in July 2023.
How much funding has GlossGenius raised?GlossGenius has raised $71M across 6 funding rounds.
What was GlossGenius' last funding round?GlossGenius' last funding round was a $28M Series C in July 2023, led by L Catterton.
Who are GlossGenius' investors?GlossGenius' investors include Bessemer Venture Partners, 2048 Ventures, HearstLab, Techstars, Imaginary Ventures, Robert Murphy, Wormhole Capital, Chris Comparato, Aman Narang, Tobias Lütke and 3 others.
What is GlossGenius' revenue?GlossGenius' latest recorded revenue is $100M (July 2023).
What is GlossGenius' revenue multiple?GlossGenius' latest valuation implies a 5.1x revenue multiple ($510M valuation on $100M of revenue).
Which companies are comparable to GlossGenius?Companies comparable to GlossGenius include Workiz, Huitongda Network, Homebase, Sunmi Technology, Khatabook and PAR Technology.

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