Serena, Newfund back €7m round for FlexyBeauty

The fresh capital will be used to consolidate FlexyBeauty's position in France, as well as expand internationally, starting with the the UK.

Since raising its series-A a year ago, FlexyBeauty has more than tripled its number of users from 1,200 to 4,000.

Previous funding
Newfund led a €1.5m seed round for FlexyBeauty in March 2017. The VC firm invested from its maiden vehicle Newfund 1, which typically invests between €500,000-6m in French SMEs.

Company
Co-founded in 2014 by CTO Sébastien Beaujard and CEO Ilan Koskas, FlexyBeauty offers an integrated Software-as-a-Service product dedicated to hairdressers, beauty salons and spas. The service includes a cash register software, an appointments manager and a timetable and website/mobile app builder. The company employs 40 people and expects this to double by the end of 2018.

People
FlexyBeauty – Ilan Koskas (CEO).

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• Topics
• Expansion
• France
• Technology
• Serena Capital
• Newfund Management
• Venture
• France