Mangomint, a Los Angeles, CA-based salon and spa software provider, raised $35M in Series B funding.
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 also secured $12M in venture debt issued by Avidbank.
The company intends to use the funds to hire engineering talent.
Led by CEO Daniel Lang, Mangomint is a provider of a SaaS platform designed to automate day-to-day operations, increase profit, and enhance client experiences for beauty and wellness businesses. It 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 rocessing.
Building on its core revenue-driving features like Email Marketing, Memberships, and Packages, Mangomint has launched Automated Flows, which uses event and activity-based logic to trigger a sequence of automated steps including sending email or SMS marketing messages, client reminders, internal notifications, and more. The feature allows users to build communication and promotional flows tailored to their specific services and client activities in order to drive client retention and spending.
FinSMEs
09/09/2024