← BACK TO INSIGHTS
May 22, 2024

Brushing Up the Beauty Scene: EGP Invests in Planity

By Evli Growth Partners
Jere Blomqvist
Investment Manager
In recent years, numerous well-funded initiatives have aimed to digitize the beauty appointment industry. Despite these efforts, booking beauty appointments remains largely analogue in many parts of Europe. Planity has seized this opportunity to build a rapidly growing, efficient platform that addresses all the must-haves for businesses in the industry. We are thrilled to invest in Planity alongside esteemed investors such as Infravia, Revaia, Credit Mutuel, Bpifrance, Eiffel Investment Group and Alven.

From our first meeting with CEO and co-founder Antoine Puymirat, we were struck by the company’s focus and pragmatism. Rarely do you encounter a leader and team with such a clear vision and well-defined steps to achieve it. Planity has secured a leading position in France through hardcore, focused execution.

Planity's product allows beauty businesses to digitize their operations, offering an all-in-one system that covers bookings, payments, inventory management, and other core features. These tools save salon owners time while reducing the impacts grey economy by digitizing payments.

Planity operating system in action.

In addition to its comprehensive SaaS platform, Planity offers a sleek, consumer-facing booking platform without transaction fees. This feature significantly adds value for Planity’s customers, evidenced by over 10 million bookings per month and a 16% increase in salon partners' turnover. This rapid growth and multi-faceted product development reflects Antoine and his team’s meticulous and strategic approach.

Happy customer getting a haircut.

What sealed the deal for us was combining this robust product with a methodical sales strategy led by industry veterans. The consistent execution, attention to detail, and strategic customer acquisition and product enhancement might sound simple in theory but are incredibly challenging in practice. Planity has embraced this challenge, finding beauty in the mundane aspects of execution.

For these reasons, we are proud to back Planity and be of small support for their continued leadership in France and expansion into new markets. We can’t wait to see what Planity achieves next!

Recent posts

Check out the latest updates from our portfolio and selected industries.

Personalized weight-loss journey: EGP's new investment to Yazen

EGP is proud to announce an investment in Yazen, a service combining a multidisciplinary team of experts and lifestyle support with weight-loss medication to tackle obesity. Yazen raised an oversubscribed round of €19.5M Series A, and with a proven track record in Sweden, they will continue their success by scaling into European markets.

READ MORE
The Exit of Lukiolaisten Kirjakauppa: Riku Asikainen shares the biggest business lessons learned after the successful acquisition of Lukiolaisten Kirjakauppa

After steering Lukiolaisten Kirjakauppa for a solid decade, Asikainen found himself yearning for a change of scenery. However, much like many other long-time entrepreneurs, navigating the transition to a new everyday life after the exit often proves to be easier said than done.

READ MORE