Mangomint, a Los Angeles, CA-based salon and spa software provider, has raised $35 million in a Series B funding round.
The company also announced a new suite of marketing automation features specifically designed for beauty and wellness businesses.
Investors
The round was led by Altos Ventures, with participation from Jason Lemkin's SaaStr Fund and existing investor OpenView Venture Partners. In addition to the equity round, Mangomint secured $12 million in venture debt from Avidbank.
Founded in 1996, Altos Ventures is a Silicon Valley-based technology investment firm. Focused on patient and pragmatic investing, Altos partners with early to growth-stage companies in the consumer and enterprise sectors. The firm aims to build durable, long-term businesses, supporting companies throughout their lifecycle—from inception to global growth and profitability.
Mangomint Use of Funds
The company plans to use the new funding to hire engineering talent to expand its product vision and develop more automation-driven features. The company also intends to recruit additional onboarding and support managers to maintain its reputation for delivering a top-rated customer experience.
About Mangomint
Mangomint provides a next-generation SaaS platform designed to automate day-to-day operations, increase profit, and enhance client experiences for beauty and wellness businesses. Catering to salons and spas with five or more service providers, Mangomint offers a range of features including appointment booking, POS/payments, client and staff management, inventory and retail sales, two-way texting, email marketing, and payroll processing.
Funding Details
Company: Mangomint, Inc
Raised: $35.0M
Round: Series B
Funding Date: September 2024
Lead Investor: Altos Ventures
Additional Investors: Jason Lemkin's SaaStr Fund, OpenView Venture Partners
Company Website: https://www.mangomint.com/
Software Category: Business Management
Source: https://www.prnewswire.com/news-releases/mangomint-raises-35-million-series-b-and-enters-marketing-automation-to-drive-salon-and-spa-profitability-302241113.html