About Phorest
Phorest is a company based in Dublin (Ireland) founded in 2003 by Ronan Perceval.. Phorest has raised $49.38 million across 5 funding rounds from investors including Canadian Imperial Bank of Commerce, Enterprise Ireland and Susquehanna Growth Equity. Phorest offers products and services including Salon Management App, Online Booking, Marketing Suite, POS Software, and Client Management. Phorest operates in a competitive market with competitors including Booksy, Zenoti, GlossGenius, Squire and Booker, among others.
- Headquarter Dublin, Ireland
- Founders Ronan Perceval
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Sectors
TechnologyHealthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Phorest Salon Software
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$49.38 M (USD)
in 5 rounds
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Latest Funding Round
$12 M (USD), Debt – Conventional
Mar 07, 2022
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Investors
Canadian Imperial Bank of Commerce
& 5 more
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Employee Count
Employee Count
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Products & Services of Phorest
Phorest offers a comprehensive portfolio of products and services, including Salon Management App, Online Booking, Marketing Suite, POS Software, and Client Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for scheduling and managing salon operations efficiently.
System for clients to book appointments via website or app.
Tools for SMS, email campaigns, and client loyalty programs.
Point-of-sale for handling transactions and inventory.
Database for storing and managing client information securely.
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Funding Insights of Phorest
Phorest has successfully raised a total of $49.38M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $12 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $12.0M
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First Round
First Round
(20 Aug 2011)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Debt – Conventional - Phorest | Valuation |
investors |
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| Jun, 2021 | Amount | Series B - Phorest | Valuation | Enterprise Equity | |
| Jun, 2018 | Amount | Series A - Phorest | Valuation | Susquehanna Growth Equity |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Phorest
Phorest has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Enterprise Ireland and Susquehanna Growth Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm
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Founded Year | Domain | Location | |
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Venture capital funding is provided for early-stage Irish companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Phorest
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Phorest
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Phorest Comparisons
Competitors of Phorest
Phorest operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Booksy, Zenoti, GlossGenius, Squire and Booker, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
It offers a platform to schedule & manages appointments for beauty services
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| domain | founded_year | HQ Location |
Provider of management software for salons, spas, medical spas, and fitness
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| domain | founded_year | HQ Location |
SaaS software is provided for salon management and client services.
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| domain | founded_year | HQ Location |
SaaS-driven software for salon management and scheduling is provided.
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| domain | founded_year | HQ Location |
Cloud-based management software is offered for salon and spa operations.
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| domain | founded_year | HQ Location |
SaaS-based management software for salons and spas is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Phorest
Frequently Asked Questions about Phorest
When was Phorest founded?
Phorest was founded in 2003 and raised its 1st funding round 8 years after it was founded.
Where is Phorest located?
Phorest is headquartered in Dublin, Ireland.
Who is the current CEO of Phorest?
Ronan Perceval is the current CEO of Phorest. They have also founded this company.
Is Phorest a funded company?
Phorest is a funded company, having raised a total of $49.38M across 5 funding rounds to date. The company's 1st funding round was a Series A of $23.18M, raised on Aug 20, 2011.
What does Phorest do?
Phorest was founded in 2003 in Dublin, Ireland, as a provider of SaaS-based software for the beauty salon sector. Core operations focus on tools such as online booking services, point-of-sale systems, inventory management, loyalty programs featuring treat cards and points, and performance reporting. Pricing structures are adjusted based on selected features, supporting salon efficiency across various locations.
Who are the top competitors of Phorest?
Phorest's top competitors include Booksy, GlossGenius and Zenoti.
What products or services does Phorest offer?
Phorest offers Salon Management App, Online Booking, Marketing Suite, POS Software, and Client Management.
Who are Phorest's investors?
Phorest has 6 investors. Key investors include Canadian Imperial Bank of Commerce, Enterprise Ireland, Susquehanna Growth Equity, Enterprise Equity, and Bloom Equity.
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