We couldn’t be more pleased to announce our partnership with Booksy. It’s a story that reminds us of our portfolio company Lightspeed (NYSE: LSPD). Both companies share a vision to empower entrepreneurs and small businesses with technology and dominate large end markets – Booksy in beauty & wellness and Lightspeed in retail & hospitality.
Booksy has created an undeniable movement around its brand. The company has also demonstrated that it can grow fast and efficiently by punching through the last few years with velocity and winning in multiple geographies with a product that customers love and run their business on.
Booksy’s platform enables tens of millions of active users to book and find the best beauty & wellness professionals near them. It is the clear, at-scale leader in Europe and North America with plenty of growth levers – from doubling down on payments to continuing to grow its marketplace and expand into e-commerce.
We’re thrilled to back Stefan and the entire team at Booksy for their next phase of growth and help them execute a large market opportunity organically and through acquisitions. Our investment marks a commitment to help them build a company that matters for beauty & wellness entrepreneurs everywhere.
This new partnership is the result of another great cross-team collaboration between our European and North American teams. With our local presence in both markets, Booksy will access the best of Inovia, from our expertise in completing 50+ portfolio acquisitions to our deep executive talent bench.