As I hope you’ve already seen, we’re excited to announce several pieces of news today, all of them connected together.
First, we are incredibly honored to have the chance to partner with one of the largest, and fastest growing massage and salon companies in the US, Hand and Stone. With over 400 locations around the country today, along with an aggressive growth and expansion plan, they’re an ideal partner for our solutions. The company was recently named to the top 10 of Forbes’ 2019 “Best Franchises to Buy,” and announced plans to add more than 60 locations and over 1800 jobs in the year ahead. Our goal is to provide them with the competitive tools they need to meet the changing landscape of their customer’s expectations.
Next, to help us fuel our rapid growth and expansion, and to make it possible to continually improve our ability to serve and innovate for customers like Hand and Stone, we’re incredibly proud to announce that Steadview Partners has invested $20 million into our business, bringing our total funding to-date to $91 million. Our goal with the funding is to accelerate the adoption of our products and platform on a global scale, and to continue to drive exceptional growth through a variety of strategies including innovation, expansion, and acquisition. We’re also using the funding to expand our global marketing efforts.
Which brings me to the final piece of news--the first piece of building our world-class marketing team starts with our new Senior Vice President of Marketing, Guy Weismantel, who has recently joined Zenoti. His addition bolsters our executive management team at a time where we continue to expand our client base, product innovation, and market penetration. Guy joins us after serving in executive and C-level marketing roles with fast growing startups Pushpay and Marchex here in Seattle, as well as with tech giants Microsoft and Expedia. He’s already busy building out the team, and we’re excited to have him on board.
These announcements are great validation for the amazing work and efforts of the hundreds of Zenoti employees around the globe, and due to the amazing customers that we get to work with every day. We’re proud of our progress but even more excited about our future.
Sudheer KoneruCEO, Zenoti