At the end of 2022, they already made a name for themselves when they raised $13 million for their startup, and now they’re upping the ante: Upper Austrian founders Daniel Lang and Sandra Huber have completed a $35 million financing round for Mangomint, with investors being Altos Ventures from San Francisco and Jason Lemkin’s SaaStr Fund. The valuation thus rises to more than $100 million.
Mangomint offers a software solution for the wellness industry that allows wellness salons in the US and Canada to manage their users and employees, for example when it comes to booking appointments, managing memberships, conducting email marketing or managing staff salaries. The founders have thus found an exciting niche in which they now have 10 million appointments booked annually in the US and Canadian markets.
Financing for European expansion
“The aim of this financing round was to finance the internationalization step from the USA. We have built up a successful company in the USA and are now returning to Austria. From the Tabakfabrik Linz we will now manage the development of Mangomint Europe. The team will soon have grown to 20 employees. I am looking forward to conquering the European market with Mangomint,” said Daniel Lang, founder and CEO of Mangomint, in a press release.
The tobacco factory in Linz, or rather the factory300 there, is also the nucleus for Mangomint. Lang was a co-founder and driving force behind the startup hub. The subsidiary Mangomint GmbH has now been set up there for the European expansion and already employs its first five employees. On the software side, the company now wants to upgrade the software suite with marketing functions so that the often small companies can advertise themselves more easily.
“The high operating costs are a major challenge for salons and spas,” says Daniel Lang, co-founder and CEO of Mangomint. “This is where our software comes in. Our customers have already saved costs when they use Mangomint to manage their business. With the “Automated Flows” that we are now introducing, our customers can easily “click together” very individual processes.”
Mangomint: Austrian founders raise $13 million in the USA
