Salon Booking App Boulevard Closes $27M Round

Francesca Billington

Francesca Billington is a freelance reporter. Prior to that, she was a general assignment reporter for dot.LA and has also reported for KCRW, the Santa Monica Daily Press and local publications in New Jersey. She graduated from Princeton in 2019 with a degree in anthropology.

Boulevard

Matt Danna and Sean Stavropoulos came up with Boulevard when an impatient Stavropoulos couldn't book a hair appointment after hours. They figured, if you could order a burrito on Postmates at all hours, why wasn't there an app to schedule a hair appointment when you felt like it?

The duo interviewed salon owners who were frustrated, too. Many disliked antiquated booking and payment systems that left time gaps between appointments, costing stylists money.


"Why is it that the businesses that help us look and feel our best are stuck in the stone ages?" Danna said. "The technology was holding them back."

Their four-year old salon booking and payment service is now used by some of Los Angeles' best-known hairdressers.

The two friends, who met at entertainment company Fullscreen, announced Monday they raised a $27 million Series B round as more personal care businesses look to digitize their appointment books.

The round was co-led by Index Ventures and Toba Capital. Other investors include VMG Partners, Bonfire Ventures, Ludlow Ventures and BoxGroup.

"Boulevard is revitalizing the salon and spa industry, as evidenced by the company's sustained 300% to 400% revenue growth over the last three years," said Index Ventures' Damir Becirovic, who led the company's Series A round, in a statement.

Boulevard software platform books salon appointments and manages their sales. Clients include the London-based hairdressing brand Toni & Guy and HeyDay, a facial salon with chains across the country.

Matt Danna and Sean Stavropoulos came up with Boulevard to make it easier to book salon appointments after hours.

The funds will be used to grow the 90-person team and expand Boulevard's national presence as it attempts to further penetrate the $250-billion personal care industry in the U.S., where it is trying to brand itself toward higher-end salons.

Danna said that strategy has paid off. The prestige salons make up most of the market spend. The company has seen 300% annual growth since it launched products with them.

"Clients are finding us," he said. "They're recognizing that it's not the most efficient to hire an army of receptionists to manage a front desk."

Boulevard's pitch to them: More bookings and more revenue. Their system sets up automatic appointment reminders and frees up time for receptionists. Boulevard claims to increase bookings by 16%, raise tips by 24% and decrease time spent on the phone by 56%.

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Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

March Capital Raises $650 Million Fund to Invest in AI Startups
March Capital founder Jamie Montgomery. Illustration by Dilara Mundy.

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Spencer Rascoff serves as executive chairman of dot.LA. He is an entrepreneur and company leader who co-founded Zillow, Hotwire, dot.LA, Pacaso and Supernova, and who served as Zillow's CEO for a decade. During Spencer's time as CEO, Zillow won dozens of "best places to work" awards as it grew to over 4,500 employees, $3 billion in revenue, and $10 billion in market capitalization. Prior to Zillow, Spencer co-founded and was VP Corporate Development of Hotwire, which was sold to Expedia for $685 million in 2003. Through his startup studio and venture capital firm, 75 & Sunny, Spencer is an active angel investor in over 100 companies and is incubating several more.

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This Week in ‘Raises’: Saviynt Lands $205M, Pagos Secures $34M
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