On-demand massage app Soothe of Hollywood has raised a $35 million round to help it expand from 22 cities to up 50 by the end of the year.
The Soothe app allows users to schedule massages in their homes from a network of about 3,300 independently contracted massage therapists. Soothe charges $99 for a 60 minute massage.
Founded in 2013, Soothe’s on-demand massage business is growing quickly, said Soothe Chief Executive Merlin Kauffman.
“We are the biggest massage company in the on-demand space and we are the fastest growing massage company in the world,” he said. “In Q4 of 2015, our month-over-month revenue growth was between 23 percent and 31 percent.”
Soothe’s latest founding round was led by Riverside Company with participation from several of its former investors. Soothe raised a $10.6 million Series A round in August.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Silicon Beach Deal Flow: March 11
- Silicon Beach Report March 22: Job-Hunting Advice Network Raises $2.7M
- Factual Raises $35 Million to Push Expansion
- Meditation App Headspace Raises $34 Million from Celebrity Investors
- Snapchat Raises $1.2B, Aims at Explosive Growth
- Atom Tickets Raises $50 Million from Studios
- Bitcoin Development Platform Gem Raises $7.1 Million
- L.A. Launch List: May 1