Zenoti, a Bellevue, WA-based provider of an enterprise cloud platform for the beauty and wellness industry, raised $50M in Series C funding.
The round, which brought the total amount to $71M, was led by Tiger Global Management with participation from Norwest Venture Partners and Accel.
The company intends to use the funds to expand into both existing and new geographies and to continue hiring talent.
Led by CEO Sudheer Koneru, Zenoti provides an enterprise cloud-based software solution for the beauty and wellness industry including salons, spas and med spas. Engineered for reliability and scale, businesses of all sizes in over 40 countries use it to manage every aspect of the business in a comprehensive mobile solution: appointment bookings, POS, CRM, employee management, inventory management, marketing automation, analytics and more.
The company supports brands including Waxing the City, Massage Heights, Mario Tricoci, Prose Boutiques, Sono Bello and Rudy’s Barbershop, and has recently expanded into the resort space adding MGM Resorts and Taj Hotels.