Zenoti Raises $50M in Series C Funding
Summary
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. 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.