Culver City-based Mangomint Inc. has raised $13 million in its most recent funding round, according to its chief funder.
OpenView Venture Partners, a Boston-based expansion-stage venture capital firm, announced an update to its portfolio last month with the addition of Mangomint, a cloud-based salon and spa booking service.
In a co-written blog post, OpenView vice president Sean Fanning and partner Sanjev Kalevar said Mangomint was incredibly well positioned to capitalize on the post-Covid revival of the beauty and wellness service industry.
“Three years later, the market for beauty and wellness services has made a resurgence with an estimated $450 billion in spend in 2022,” Kalevar and Fanning wrote. “While the industry itself is thriving, many business owners are still struggling with technology and how software can help them run better businesses. Owners are still asking themselves ‘How do I provide the absolute best experience to my clients? How do I attract and retain the best staff? How can I run my business without having to be on-site 24/7?’”
The firm believes Mangomint, founded in 2017 by Los Angeles-area executives Daniel Lang, Dan Poineau and Sandra Huber, provides that answer for salon and spa services. Though the company did not respond to a Dec. 27 email inquiry, Mangomint’s website boasts the service recently surpassed 200,000 appointments booked throughout the U.S. and Canada on a monthly basis, which translates to $25 million sales processed monthly.
Mangomint Chief Executive Daniel Lang said the company has set big goals for this year, and that onlookers should expect “us to accelerate the pace at which we deliver both small and big improvements.”
“As we begin this new phase of our company with a solid foundation and fresh capital to invest, we want to make this our new mission: to make salon and spa software invisible,” wrote Lang.