HYPR Raises $35M Series C Led by Advent International
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NEW YORK, April 20, 2021 /PRNewswire/
HYPR, The Passwordless Company™ today announced it has raised $35 million in a Series C financing, doubling the company s total funding to over $70 million. The investment is led by Advent International through Advent Tech, the firm s dedicated global technology fund. Advent has significant experience in cyber technology, including recent early-stage investments in Wiz and
The Series C investment comes amid significant momentum for HYPR as it grows market share and the global workforce pivots to a flexible workplace model.
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Zenoti, a Bellevue, WA-based enterprise cloud platform for the beauty and wellness industry, closed a $160m Series D funding round at over a $1 billion valuation.
The round was led by Advent International, through Advent Tech and Sunley House Capital, an affiliate of Advent. Tiger Global and Steadview Partners also participated in the round. To date, Zenoti has raised a total of approximately $250m.
The company intends to use the funds to continue scaling operations, support research and development and to accelerate further A.I. innovations, including advanced algorithms leveraging its enterprise system data to optimize customer employee scheduling, inventory management, marketing and dynamic pricing to enhance profitability and efficiency, and pursue inorganic growth opportunities.
Zenoti enters unicorn club with $160 million fundraise [Mint, New Delhi]
Dec. 15 Bellevue- and Hyderabad-based software-as-a-service (SaaS) firm Zenoti has raised $160 million as part of its Series D round led by private equity firm Advent International, through Advent Tech and affiliate Sunley House Capital, at a valuation of more than $1 billion.
Existing investors Tiger Global and Steadview Partners also participated in the round.
With this, Zenoti, founded in 2010 by Sudheer Koneru, a person of Indian origin, joins other Indian SaaS unicorns such as Zoho, Freshworks, Druva, and Icertis. The startup, which was formerly known as ManageMySpa, helps close to 1,000 spa and salon brands across 50 countries manage and digitize appointments and point-of-sale operations, and helps with payment reconciliation and inventory management, through its cloud-based software suite.
Zenoti Raises $160 Million in Series D Funding Round Led by Advent International, Surpassing $1B Unicorn Valuation
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Business well-positioned to continue disrupting the beauty and wellness industry with cloud-based software solutions worldwide. Funds to support continued scaling of operations, research and development, including innovations in A.I., as well as M&A.
Feel Good. Find Great.
“Zenoti remains committed to helping businesses find their greatness and achieve better business performance including higher revenues and increased operating margins, while enabling our industry to set new standards for the consumer experience,” said Sudheer Koneru, CEO at Zenoti. BELLEVUE, Wash. (PRWEB) December 15, 2020
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