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“We couldn’t be extra excited concerning the alternative to work with Eddie and the workforce at Point72 Personal Investments,” mentioned Matt Danna, co-founder and CEO, Boulevard. “With at the moment’s information, we’ve not solely raised capital that can allow us to develop our product and engineering groups, improve our platform, and gas multi-dimensional enlargement into new segments and verticals, however we’ve additionally added a accomplice that deeply understands our trade and our enterprise. It’s a terrific day for Boulevard, our workforce members, and most significantly, our clients.”
Self Care Takes Middle Stage
The funding comes at a time when self-care is evolving into an more and more crucial element of well being and wellness within the post-pandemic world. As self-care continues to change into extra deeply entrenched as a necessary a part of day by day life, the private care and wonder market—which incorporates hair salons, nail salons, barbershops, face and skincare, and different magnificence providers—is predicted to exceed $1.4 trillion by 2025, whereas the spa sector can be anticipated to exceed $150 billion in the identical time-frame.
Boulevard achieved report development in 2021, greater than tripling the scale of its buyer base and posting a 188 p.c year-over-year improve in annual recurring income. The corporate additionally added full fee facilitation capabilities to the highly effective appointment scheduling and messaging performance for which it’s recognized. Boulevard now processes greater than $1 billion in funds yearly, and greater than 25,000 professionals in 2,000 salons and spas throughout the nation depend on its platform to ship personable, pleasant experiences to their purchasers by way of on-line appointment scheduling, messaging, and funds which might be easy, elegant, and dependable.
“Because the self-care trade continues to develop, so too will the position expertise performs in creating the seamless experiences that maintain purchasers coming again,” mentioned Eddie Kang, accomplice, Point72 Personal investments. “Not solely has Boulevard designed a chic and visionary platform that fills a urgent want in a fast-growing trade, however they’ve additionally constructed a considerate, customer-centric tradition validated by way of world-class retention. We’re excited to assist the Boulevard workforce as they proceed to develop.”
The brand new spherical of funding comes as Boulevard continues to garner vital trade and office recognition. Earlier this yr, the corporate was named to the inaugural SMBTech 50 checklist recognizing high-growth startups that serve small and medium-sized companies, and it was additionally named certainly one of dot.LA’s hottest startups of 2022.
Boulevard was additionally lately named certainly one of America’s Best Startup Employers for 2022 by Forbes, rating thirty third on the distinguished itemizing of the five hundred finest startup employers within the U.S., and it was honored by Fortune journal and Nice Place to Work® as one of many 2022 Best Workplaces for Millennials. With its dedication to a completely distant workforce, Boulevard has greater than doubled the scale of its workforce previously 12 months and continues to rent.
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