Phorest - About the company
Phorest is a series B company based in Dublin (Ireland), founded in 2003 by Ronan Perceval. It operates as a Provider of SaaS-based software solutions for beauty salon management. Phorest has raised $49.4M in funding from investors like Susquehanna Growth Equity, Enterprise Ireland and AIB Seed Capital Fund. The company has 23 active competitors, including 2 funded and 2 that have exited. Its top competitors include companies like Booker, SalonAppy and The Assistant Company.
Company Details
Provider of SaaS-based software solutions for beauty salon management. It provides an online booking service, POS, inventory management, treats cards and points for loyalty, and performance reports. The pricing varies on the number of features offered.
- Website
- www.phorest.com/
Key Metrics
Founded Year
2003
Location
Dublin, Ireland
Stage
Series B
Total Funding
$49.4M in 5 rounds
Latest Funding Round
Investors
Ranked
2nd among 23 active competitors
Annual Revenue
£0 - £1M as on Jun 30, 2023
Employee Count
521 as on Aug 31, 2026
Legal entities associated with Phorest
Phorest is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
NDEVOR SYSTEMS LIMITED CIN: 369210 , Ireland, Active | Mar 31, 2003 | - | - | - |
PHOREST LTD CIN: 14174286 , United Kingdom, Active | Jun 14, 2022 | £0 - £1M (As on Jun 30, 2023) | - | |
NDEVOR SYSTEMS LIMITED CIN: FC030765 , Germany, Active | Mar 30, 2003 | - | - |
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Phorest's funding and investors
Phorest has raised a total funding of $49.4M over 5 rounds. Its first funding round was on Aug 20, 2011. Its latest funding round was a Conventional Debt round on Mar 07, 2022 for $*****. 1 investor participated in its latest round. Phorest has 6 institutional investors.
Here is the list of recent funding rounds of Phorest:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 07, 2022 | 7555093 | Conventional Debt | 5994565 | 7836173 | 1564988 | 1598521 |
Jun 06, 2021 | 5263505 | Series B | 8273601 | 9559151 | 3937097 | |
Jun 16, 2018 | 3674937 | Series A | 3696209 | 8460278 | 9402342 |
View details of Phorest's funding rounds and investors
Phorest's founders and board of directors
Founder? Claim ProfileThe founders of Phorest is Ronan Perceval. Ronan Perceval is the CEO of Phorest.
Here are the details of Phorest's key team members:
- Ronan Perceval: Co-Founder & CEO of Phorest and founder of 2 other companies, Perceval and Demonware. Contact Info: 1 email address
View details of Phorest's Founder profiles and Board Members
Phorest's employee count trend
Phorest has 521 employees as of Aug 26. Here is Phorest's employee count trend over the years:
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Phorest's Competitors and alternates
Top competitors of Phorest include Booker, SalonAppy and The Assistant Company. Here is the list of Top 10 competitors of Phorest, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Booker 2007, New York City (United States), Acquired | Cloud-based Business Management Software for salon and spa businesses | $93.5M | 72/100 | |
2nd | Provider of SaaS-based software solutions for beauty salon management | $49.4M | 61/100 | ||
3rd | Software solutions for beauty centre management | - | - | 45/100 | |
4th | The Assistant Company 2001, Hartberg (Austria), Acquired | Spa and activity management software provider | - | 44/100 | |
5th | Developer of all-in-one salon management software for beauty and wellness businesses | - | - | 43/100 | |
6th | Software solution for spas & salons | - | - | 41/100 | |
7th | Business management mobile app for nail salon owners | - | - | 39/100 | |
8th | Native and cloud-based business management software for beauty salons | - | - | 39/100 | |
9th | MBO 1995, Seattle (United States), Unfunded | Cloud-based appointment management software for beauty service providers | - | - | 29/100 |
10th | Business management software for salons | - | - | 26/100 |
Looking for more details on Phorest's competitors? Click here to see the top ones
Phorest's Investments and acquisitions
Phorest has made no investments or acquisitions yet.
Reports related to Phorest
Here is the latest report on Phorest's sector:
News related to Phorest
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CIBC Innovation Banking Provides $12 Million Financing to Phorest Salon Software to Accelerate GrowthBusiness Wire•Mar 07, 2022•Canadian Imperial Bank of Commerce, Phorest
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TripAdmit makes three key business development and partnerships appointmentsTravolution•Jan 27, 2021•TripAdmit, Phorest, Airbnb
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Dublin salon software firm scoops major European investment awardSilicon Republic•Jun 20, 2019•Phorest
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Poppulo Raises $35 Million from Susquehanna Growth EquityCitybizlist•Jan 09, 2019•Poppulo, Susquehanna Growth Equity, HighRadius, Evive and 7 others
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HBAN Angels Receive a 10 Times Return on Phorest InvestmentIndustry and Business•Aug 08, 2018•Phorest
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Phorest software raises €20m from US investment firmThe Irish Times•Jun 16, 2018•Phorest, Enterprise Ireland, Bloom Equity, AIB Seed Capital Fund and 1 other
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Phorest Salon Software Helps Salon Owners All Over The World Grow Their Salons Through Retention MarketingSuperbCrew•Feb 01, 2018•Phorest
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