December 19, 2022
Mangomint, the next-generation salon and spa software provider, has announced the close of a $13 million Series A funding round.
I published a review of Mangomint earlier this year where it was clear that this is a salon software that we should expect more from in the future.
This funding round certainly confirms that.
Mangomint enables salon and spa owners to automate business operations, reduce overhead costs, and deliver the ideal client experience through powerful solutions for appointment booking and scheduling, point-of-sale, retail inventory, and client and staff management. The company’s mission is to provide software that embeds so seamlessly into the day-to-day activities of salons and spas, that it effectively disappears.
The round was led by OpenView Venture Partners, a Boston-based firm with deep experience in fast-growing companies utilizing a product-led growth (PLG) strategy, with participation from startup300 and existing angel investors.
Mangomint plans to leverage the funding to scale its engineering and product development efforts, build its go-to-market motion and cultivate a thriving community for salon and spa owners.
Existing salon software adds friction to everyday things like communicating with clients, organizing appointments, getting paid, and moving money. The industry is ready for a better solution. We partnered with OpenView because of their deep expertise in PLG-focused companies. Our partnership and funding will allow us to invest in our team, product and customers in order to ultimately drive a much larger impact in the industry and become the default choice for salons and spas.
Daniel Lang, Co-founder and CEO of Mangomint
Mangomint’s beautiful interface, smart automations and notable features like Express Booking™, Client Self-Checkout, and Intelligent Waitlist distinguish it from competitors and position the company for success in the industry. Booking over 200,000 appointments each month and quickly accumulating raving reviews from a user base of more than 10,000 salon and spa professionals, Mangomint’s momentum is clear.
We are proud to support the Mangomint team at a critical time as they move fast to help their customers reduce costs and automate operations. Especially in today’s economic climate, we believe a platform that enables salons and spas to do more with less and provide a delightful experience to their customers can help operators not only manage but grow their business. We’ve been impressed with Mangomint’s dedication to PLG, as shown by their end users spending ~270 minutes per day on average in the software while barely realizing it, fulfilling the Company’s goal of making software invisible.
Sanjiv Kalevar, Partner at OpenView
Upon closing its Series A, Mangomint has already begun investing in new product developments and strategic hiring. Lori Sullivan, former VP Marketing at asset management software leader Fleetio, has joined as Chief Marketing Officer, and other key talent has been hired across go-to-market and engineering teams including Apple, Disney, BambooHR and Hubspot alums.
About Mangomint
Mangomint is a next-generation SaaS platform purpose-built for salons and spas with 5+ service providers. Mangomint provides hair salons, nail salons, day spas, medical spas, massage studios, tattoo studios, and more everything they need to run their business across appointment booking, point of sale and payment processing, client and staff management, retail and inventory, plus revenue-driving activities like memberships, packages, and gift cards. The platform’s beautiful interface, time-saving automations and leading-edge features like Express Booking™, Client Self-Checkout, and Intelligent Waitlist distinguish it from other salon solutions. Mangomint helps salons and spas streamline operations, increase revenue, and deliver an exceptional client experience. Learn more at www.mangomint.com.
About OpenView Venture Partners
OpenView Venture Partners is a venture capital firm investing globally in business software companies. OpenView’s focused investment approach across sector and stage enables the firm to identify and partner with category-leading business software companies. The firm’s focus extends to operational excellence through its dedicated expansion team working with portfolio companies on go-to-market, sales and marketing, product led growth, talent, and corporate development. The firm is based in Boston, has $2.9 billion in total capital under management. For more information, visit www.openviewpartners.com.
