CIBC Innovation Banking Provides Growth Capital to Booksy

By: CIBC Innovation Banking via Business Wire

October 03, 2024 at 09:00 AM EDT

CIBC Innovation Banking announced today that it has provided growth capital to Booksy, a mobile-first booking platform that connects beauty, wellness and health professionals with local customers, powering hundreds of millions of appointments each year. The company will use the financing to accelerate new customer acquisition, marketplace expansion, and platform enhancements.

Booksy’s suite of business solutions helps business owners manage their practice with products, such as Booksy Biz for small businesses, which combines all the tools beauty providers need to attract new customers and build a loyal client base. Booksy’s consumer-facing mobile app, Booksy Marketplace, connects consumers around the world with stylists, barbers, nail artists, salons, and more, to find, schedule and manage appointments.

“Our partnership with CIBC Innovation Banking will allow Booksy to continue building on our momentum in the United States and throughout Europe,” said Kristina Salen, Chief Financial Officer. “Beauty, wellness and health providers are building businesses that are integral to their communities. They bring their creativity and passion, and we provide everything they need to run and grow their businesses.”

"We are excited to support Booksy as the team continues to grow its platform and customer reach,” said Andrew Schwartz, Managing Director, CIBC Innovation Banking. “Booksy’s management team has built a mission-critical SaaS-platform for beauty providers to run their business on and have reached an impressive scale with over 130,000 providers and 38+ million consumers worldwide."

About CIBC Innovation Banking

CIBC Innovation Banking delivers strategic advice, cash management and funding to innovation companies across North America, the UK, and select European countries at each stage of their business cycle, from start up to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, Durham, London, Menlo Park, Montreal, New York, Reston, Seattle, San Francisco, Toronto and Vancouver, the team has extensive experience and a strong, collaborative approach that extends across CIBC’s commercial banking, private banking, wealth management and capital markets businesses.

About Booksy

Booksy is the largest and fastest growing booking platform that connects beauty, wellness and health professionals with local customers, powering hundreds of millions of appointments each year.

Booksy Biz, designed specifically for small business owners, is Booksy’s mobile-first SaaS platform that combines all the tools providers need to attract new customers, take appointments, manage staff and payments, and build a loyal client base. The Booksy Marketplace is where millions of consumers around the world find, schedule and manage appointments with stylists, barbers, braiders, nail artists, estheticians, massage therapists, salons, and spas in their communities. Customers can browse business profiles, reviews, services, pricing, availability and instantly book appointments with the click of a button.

Founded in Poland in 2014, Booksy has operations in Poland, United States, United Kingdom, Spain and France. The company has raised more than $100M in Series C funding and is backed by investors including Innovia, Kaya, and Verdane. Learn more at booksy.com.