Welcome!

News Feed Item

StyleSeat Raises $10.2 Million in Series A Financing Led by Lightspeed Ventures

SAN FRANCISCO, Jan. 22, 2014 /PRNewswire/ -- StyleSeat, the fastest growing online marketplace for beauty and wellness services, today announced it has raised $10.2 million in Series A financing, bringing total funding raised to date to $14 million. The Series A was led by Lightspeed Ventures with participation from other contributors including existing investor Lowercase Capital. StyleSeat will use the capital to help fund its growth, and create new experiences for clients to discover and book appointments.

StyleSeat was founded in 2011 when CEO and co-founder Melody McCloskey wanted a better way to book beauty appointments on-the-go. The online and mobile platform serves both sides of the marketplace. StyleSeat gives beauty professionals free tools to run, manage and grow their business. It gives clients a place to discover and book appointments online or from their phones with professionals in their area, whether it's a same-day blowout, a haircut next month or a manicure tomorrow.

The company has grown rapidly with more than $350 million in services booked on the platform since inception. More than 2 million clients use StyleSeat to book beauty appointments and more than 200,000 beauty professionals use the platform to manage their business. On average, beauty professionals using StyleSeat are able to grow their revenues 68% in their first 15 months on the platform. The combination of simple online booking, a professional web presence and marketing tools has been transformative for small business owners.

"Historically, we have been primarily focused on developing powerful business tools for beauty professionals, and in doing so we have built an amazing directory of professionals in almost 15,000 cities across the U.S.," said Melody McCloskey, co-founder and CEO of StyleSeat. "As we begin to focus on our clients in addition to professionals, we're well positioned to drive significant growth across our platform in 2014."

Last month, StyleSeat launched a new app for iOS and Android that allows anyone to book beauty appointments right from their phone, for free. Since the launch of the new app, client bookings on mobile devices are up more than 16%. Mobile is an important part of the company's long-term growth strategy as 68% of its usage currently comes from mobile devices.

"StyleSeat has quickly become a highly valued brand by both stylists and consumers since its launch in 2011," said Justin Caldbeck, partner at Lightspeed Venture Partners. "The team has clearly demonstrated their ability to grow rapidly, organically through word of mouth and I look forward to partnering with them as they enter this next phase of growth."

StyleSeat plans to nearly double the size of its team this year to 35 employees. Andrew Dempsey, formerly the Director of Business Intelligence at Netflix, recently joined the StyleSeat team as a Senior Data Analyst. Yulie Kim, the former Vice President of Product at One Kings Lane, recently joined StyleSeat as VP, Product.  

About StyleSeat
StyleSeat is the largest and fastest growing online marketplace for beauty and wellness services. The online and mobile platform gives beauty professionals free tools to help them run, manage and grow their business. StyleSeat gives clients a place to search, discover and book appointments with professionals in their area. www.styleseat.com

SOURCE StyleSeat

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
New Relic, Inc. has announced a set of new features across the New Relic Software Analytics Cloud that offer IT operations teams increased visibility, and the ability to diagnose and resolve performance problems quickly. The new features further IT operations teams’ ability to leverage data and analytics, as well as drive collaboration and a common, shared understanding between teams. Software teams are under pressure to resolve performance issues quickly and improve availability, as the comple...
The proper isolation of resources is essential for multi-tenant environments. The traditional approach to isolate resources is, however, rather heavyweight. In his session at 18th Cloud Expo, Igor Drobiazko, co-founder of elastic.io, will draw upon their own experience with operating a Docker container-based infrastructure on a large scale and present a lightweight solution for resource isolation using microservices. He will also discuss the implementation of microservices in data and applicat...
Join IBM June 8 at 18th Cloud Expo at the Javits Center in New York City, NY, and learn how to innovate like a startup and scale for the enterprise. You need to deliver quality applications faster and cheaper, attract and retain customers with an engaging experience across devices, and seamlessly integrate your enterprise systems. And you can't take 12 months to do it.
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
As you respond to increasing requests for new analytics, you need fast and flexible technology in your arsenal so that you can deploy the right workload to the right platform for the need at hand. Do you need self-service and fast time to value? Do you have data and application control and privacy needs, along with strict SLAs to meet? IBM dashDB™ is data warehouse technology powered by in-memory computing and in-database analytics that are designed for fast results, scalability and more.
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
IoT device adoption is growing at staggering rates, and with it comes opportunity for developers to meet consumer demand for an ever more connected world. Wireless communication is the key part of the encompassing components of any IoT device. Wireless connectivity enhances the device utility at the expense of ease of use and deployment challenges. Since connectivity is fundamental for IoT device development, engineers must understand how to overcome the hurdles inherent in incorporating multipl...