PeakSpan Capital invests in Salonkee S.A.

LU Law

Stibbe advised PeakSpan Capital, a growth equity firm and lead investor based in New York City and Silicon Valley, with over EUR 1.5 billion under management alongside co-investors Fortino Capital, Newion Partners, Expon Capital and LBAN with the investment into a JV Luxembourg company named Salonkee S.A., a Luxembourg-based firm offering management solutions and a booking platform for the hair and beauty industry, which raised €28 million in its Series B funding.

The funds will fuel growth in the Salonkee team, innovation of its offering, and growth throughout its European markets, which Salonkee claims are catching up with their US counterparts, due in part to its 'large and growing international team'.