Salonkee Raises €28m Series B To Fuel European Expansion

Salonkee Team – Gilberto Fernandes, Alexandre Claro, Tom Michels, Andre Stehle, Samuel Faber (© Stephanie Jabardo / Silicon Luxembourg)

The round was led by PeakSpan Capital, a growth-stage B2B investment firm with offices in New York and Silicon Valley, and over $1.5 billion under management. Existing investors all participated in the round too, supporting Salonkee’s continued expansion and innovation plans.

For the past few years, Salonkee, the Luxembourg-based online booking platform and management tool for hair, beauty and wellness appointments, has been taking Europe by storm. The latest announcement of their Series B fundraising – a whopping €28m – only confirms the quality that its team and product have reached.

“We’ve developed a comprehensive, end-to-end solution enabling customers to digitise all aspects of their operation, yielding tremendous efficiency gains and mind-blowing ROI. Our platform provides everything needed to run a salon business in the modern era from a single pane of glass, offered at a disruptive price point. This makes our solution incredibly sticky and mission-critical for our customers,” said CEO and co-founder Tom Michels.

New and old investors

Led by PeakSpan Capital, a growth-stage B2B software-focused investment firm with offices in New York and Silicon Valley, the round was also joined by existing investors Fortino Capital, Newion Partners, Expon Capital and LBAN.

“The team [Salonkee] has demonstrated an incredibly impressive track record of rapid, capital-efficient growth and has been surgical in deploying a well-defined scaling playbook to methodically expand to new European markets and quickly establish market leadership and penetration,” said Matt Melymuka, Co-Founder and Managing Partner at PeakSpan Capital, adding: ” We’re privileged to partner with Salonkee to capitalise on the opportunity to further extend its leadership position in the highly strategic European market.” 

European expansion

The European salon market has long lagged behind the US in terms of software solutions. However, in recent years, Salonkee has taken great strides to improve this and is determined to use its funds to continue its European market penetration, grow its global team and add even more features to its solution.

Salonkee is based in Luxembourg and currently has 110 employees across offices in Luxembourg, Belgium, Switzerland, Germany and the Netherlands. The company today services more than 4000 salons and has grown revenue and customer count over 100% annually since inception. 

For more information on Salonkee and its journey, see here.

Salonkee: “A Very Powerful Business Model”

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