Summary:
Boulevard raises $80M Series D, reaching an $800M valuation
Serves 5,000+ businesses with 2M monthly appointments and $5B in annual payments
500%+ revenue growth since 2022, with $188M total funding raised
Expands into medspa market, capturing 15% of the $17B U.S. market
AI-driven Precision Scheduling optimizes appointments for maximum revenue
Boulevard, a Los Angeles-based business management software platform for self-care businesses, has recently secured an $80 million Series D funding round led by JMI Equity. This investment has propelled the company's valuation to approximately $800 million post-money, nearly doubling its previous valuation from the August 2022 Series C round.
Key Highlights
- Total Funding: Boulevard has raised about $188 million since its inception in 2016.
- Revenue Growth: The company boasts a 500%-plus revenue growth since its last funding round in 2022.
- Customer Base: Over 5,000 businesses, including hair and nail salons, spas, and medspas, utilize Boulevard's platform.
- Monthly Appointments: Facilitates 2 million appointments and processes $5 billion in payments annually.
Evolution and Offerings
Originally an online booking platform, Boulevard has evolved into an AI-driven SaaS platform offering:
- Precision Scheduling: Utilizes machine learning to optimize appointment times and maximize revenue.
- Marketing Tools: Personalized text and email marketing solutions.
- Payment Processing: Streamlined payment solutions for self-care businesses.
Market Expansion
A significant growth driver has been Boulevard's expansion into the medspa market, now serving 15% of the U.S. medspa market, valued at $17 billion in 2024.
Founders' Vision
Co-founders Matt Danna (CEO) and Sean Stavropoulos (CTO) identified a gap in online booking for salons and spas, leading to Boulevard's creation in 2016. Their vision includes further integrating AI to enhance revenue optimization for self-care businesses.
Investor Confidence
Matt Emery, partner at JMI Equity, highlights Boulevard as a clear leader in the self-care market with a best-in-class product.
Boulevard founders Matt Danna and Sean Stavropoulos.
Comments