GlossGenius Receives Investment

GlossGenius has received $28 million in Series C funding to continue building its platform for small business owners in the beauty and wellness industry. GlossGenius issued a press release. It noted that this is the second raise for GlossGenius in the last 12 months, bringing the company's total funding to date to nearly $70 million.

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Investment in GlossGenius Company

According to the press release, the company helps local entrepreneurs manage payments, booking, inventory, expenses, marketing and other back-office and front-office workflows. The company, which has billions of dollars of annual activity on the platform, also saw its business grow at triple-digit rates last year. The additional funding will enable GlossGenius to continue its innovation, offer more advanced products and services to support business owners in the beauty and health vertical, and accelerate the development of its platform, the statement said. The company has already added several consumer experience, payment and automation products. The most recent equity round was led by L Catterton's Growth Fund.