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NEWS
On-demand massage company Soothe receives additional US$35m in financing
POSTED 11 Mar 2016 . BY Jane Kitchen
Soothe CEO Merlin Kauffman says this is just the beginning for the company's growth
Los Angeles-based on-demand massage company Soothe has received US$35m (€31m, £24m) in growth financing from its previous investor, The Riverside Company, bringing its total funding to US$47m (€42m, £33m).

Soothe has launched in 22 US cities since it started operations in 2013, and has plans to launch in 20 more by the end of 2016. The company said the new funding will allow it to bring its same-day, at-home massage service to every major US market.

“We’re thrilled by the demand we’re seeing among clients and massage therapists alike who are eager to experience on-demand massage as a routine form of wellness,” said Soothe founder and CEO Merlin Kauffman. “Our growth is in large part due to the incredible experience Soothe’s massage therapists provide, and it’s only just beginning for us.”

Kauffman created the company while he was at Harvard Business School, a period when he was frequently traveling and found it difficult to schedule a massage appointment outside standard business hours. The company is growing quickly, doubling the number of massage therapists on the platform since last year, and operates in Los Angeles, San Francisco, New York, Atlanta, Austin, Boston, Chicago, Dallas, Fort Worth, Ft. Lauderdale, Houston, Indianpolis, Miami, Minneapolis, Philadelphia, Phoenix, San Diego, San Jose, Scottsdale, Seattle, Vancouver and Washington DC.

“While many companies have failed on the promise of ‘Uber for X,’ Soothe is a proven leader in a valuable market, and we’re eager to support them again as they look to expand,” said Riverside Company managing partner Loren Schlachet.

In September, Soothe acquired its competitor Unwind Me, expanding the firm's presence in the San Francisco market.
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NEWS
On-demand massage company Soothe receives additional US$35m in financing
POSTED 11 Mar 2016 . BY Jane Kitchen
Soothe CEO Merlin Kauffman says this is just the beginning for the company's growth
Los Angeles-based on-demand massage company Soothe has received US$35m (€31m, £24m) in growth financing from its previous investor, The Riverside Company, bringing its total funding to US$47m (€42m, £33m).

Soothe has launched in 22 US cities since it started operations in 2013, and has plans to launch in 20 more by the end of 2016. The company said the new funding will allow it to bring its same-day, at-home massage service to every major US market.

“We’re thrilled by the demand we’re seeing among clients and massage therapists alike who are eager to experience on-demand massage as a routine form of wellness,” said Soothe founder and CEO Merlin Kauffman. “Our growth is in large part due to the incredible experience Soothe’s massage therapists provide, and it’s only just beginning for us.”

Kauffman created the company while he was at Harvard Business School, a period when he was frequently traveling and found it difficult to schedule a massage appointment outside standard business hours. The company is growing quickly, doubling the number of massage therapists on the platform since last year, and operates in Los Angeles, San Francisco, New York, Atlanta, Austin, Boston, Chicago, Dallas, Fort Worth, Ft. Lauderdale, Houston, Indianpolis, Miami, Minneapolis, Philadelphia, Phoenix, San Diego, San Jose, Scottsdale, Seattle, Vancouver and Washington DC.

“While many companies have failed on the promise of ‘Uber for X,’ Soothe is a proven leader in a valuable market, and we’re eager to support them again as they look to expand,” said Riverside Company managing partner Loren Schlachet.

In September, Soothe acquired its competitor Unwind Me, expanding the firm's presence in the San Francisco market.
RELATED STORIES
On-demand provider Soothe acquires Unwind Me


American on-demand massage company Soothe has acquired San Francisco Bay Area competitor Unwind Me, expanding the firm's presence in the San Francisco market.
MORE NEWS
Bannatyne has bounced back from the pandemic
The Bannatyne Group says it has officially bounced back from the pandemic, with both turnover and profits restored to pre-2020 levels in 2023, according to its year-end results.
Sport England’s Active Lives insight finds record activity levels, but enduring health inequalities
While British adults are the most active they’ve been in a decade, health inequalities remain with the same groups missing out, according to Sport England’s latest Active Lives Adults Report.
Kerzner to expand Siro portfolio with recovery-focused hotels in Los Cabos and Riyadh
Kerzner International has signed deals to operate two new Siro recovery hotels in Mexico and Saudi Arabia, following the launch of the inaugural Siro property in Dubai this February.
Nuffield Health calls for National Movement Strategy as research shows decline in fitness levels among some consumers
Nuffield Health’s fourth annual survey, the Healthier Nation Index, has found people moved slightly more in 2023 than 2022, but almost 75 per cent are still not meeting WHO guidelines.
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The 16th edition of the esteemed international spa and hospitality industry event, Forum HOTel&SPA, is rapidly approaching, promising an immersive experience for attendees. [more...]

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Tel: +44 (0)1462 431385

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