Beauty And Wellness On-Demand App PRIV Announces Completion Of $3 Million Angel Round
Funding Will Be Used For Market Expansion, Development of B2B and B2C Initiatives
NEW YORK, Nov. 7, 2014 /PRNewswire/-- PRIV, a beauty and wellness on-demand app that sends vetted personal trainers, yoga instructors, masseuses, spray-tanning specialists, hairstylists, and manicurists, straight to your door, announced today that it has completed a $3 million Angel Round. The round was spearheaded by PRIV's Executive Chairman, Alain Schibl and is the first funding since the company's initial seed round. This round will be used to fund expansion plans and further development of the B2B and B2C platform.
"We're excited that due to overwhelming interest from our existing strategic investors, this funding comes as an extension to our original investment pool," said Alain Schibl, Executive Chairman of PRIV. "Having recently launched in LA and announced our expansion to London, we're thrilled to announce this round of funding which will only continue to enable our growth momentum."
PRIV boasts 63% monthly revenue growth since launch (March 2014) with 44% of clients making return appointments. The platform has differentiated itself from other on-demand apps on the market by the breadth of services offered (everything from spray tans to massages to kickboxing) and the ability for the customer to select a specific agent for their appointment. With the launch of PRIV 2.0 in September, PRIV introduced new features including multi-service checkout and the ability to ping your offline favorite agents for booking. PRIV's versatile platform has allowed them flexibility with limited time promotions such as their recent Halloween makeup services.
PRIV is available for iOS and Android devices and is free to download, all service pricing includes tax and tip. PRIV is live in New York, LA, and soon to launch in London. For more information please visit www.goPRIV.com.
Contact Lise Keeney
[email protected] 860-978-1358
SOURCE PRIV
Share this article