Observed Signal · Sep 13, 2024 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Mangomint raises $35M from Altos Ventures and SaaStr Fund
Austrian founders Daniel Lang and Sandra Huber raised $35 million for Mangomint, their wellness-industry software company. The round was backed by Altos Ventures and the SaaStr Fund, lifting Mangomint's valuation above $100 million. Mangomint's platform helps salons and spas in the US and Canada manage appointments, memberships, email marketing, and employee payroll. The company says it handles 10 million appointments annually. The new funding will finance international expansion into Europe, led from a newly established Austrian subsidiary, Mangomint GmbH, in Linz's Tabakfabrik. The subsidiary has hired its first five employees and plans to grow to 20. Mangomint is also expanding its software suite with marketing features and introducing 'Automated Flows' to help smaller businesses create highly individualized processes.
Relevant to MarTech as a vertical SaaS platform with marketing automation features, but a $35 million funding round is moderate, not industry-shifting.
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Key Takeaways & Evidence Grounding
- Mangomint closed a $35 million financing round with Altos Ventures and the SaaStr Fund.
- The funding round values Mangomint at more than $100 million.
- Mangomint provides software for wellness salons in the US and Canada to manage appointments, memberships, email marketing, and payroll.
- The company says it handles 10 million appointments annually in the US and Canada.
- Mangomint established Mangomint GmbH in Linz, Austria, to lead its European expansion.
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1 Entity mapped“die Investoren sind Altos Ventures aus San Francisco sowie der SaaStr Fund von Jason Lemkin....”
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