US-based beauty services business Glamsquad has raised $7m in series A funding from a consortium led by SoftBank Capital, the corporate venturing firm affiliated with internet and telecommunications conglomerate SoftBank.
Other investors in the round were internet services provider AOL’s BBG Fund, and venture capital firms Lerer Ventures and Montage Ventures.
Glamsquad raised $2m in seed capital reportedly raised in January. It is the creator of a mobile app enabling users to access on-demand hairstyling and beauty services.
Founded in New York City, Glamsquad plans to expand across the US, beginning next month with Miami, Florida.
Marissa Campise, a partner at SoftBank Capital, said: “Glamsquad has created a trusted brand at the intersection of three important categories – beauty, affordable luxury and on-demand services.”