SalonScale Raises over $1 Million in VC Funding

SalonScale Technology at Co.Labs, located at Innovation Place in Saskatoon, has raised more than $1 million in venture capital funding, including investment from Conexus Credit Union’s recently launched Venture Capital Fund. The following is an excerpt from a media release published by SalonScale and posted on The PE Hub Network:

Female-led tech company raises over $1 million in venture capital investment

Exciting times are ahead for another Saskatchewan-based start-up. SalonScale Technology raised over $1 million in 13 months alone. Alicia Soulier, SalonScale Technology’s Founder and CEO, is overwhelmed by the support she’s received from investors locally and across the border.

“Since our inception, we’ve attracted seasoned investors both locally and from Silicon Valley. We have nothing but gratitude for those who have invested in SalonScale Technology,” she says. “Venture capital investment helps us give salon owners the tools they need to separate the cost of hair colour and stylist labour.”

SalonScale Technology has seen tremendous business growth, with a 130% increase in revenue in less than six months. A business performance like this that has attracted notable investors like the newly minted Conexus Venture Capital Fund, based in Regina, Saskatchewan.

Read the article and full media release

- August 9, 2019