Jan. 3, 2019
DirectTips, the parent company of mobile salon tipping app Tippy, has raised $1.65 million in Series B funding led by Beauty Alliance Founder Doug Von Allmen and the Lehigh Valley Angel Investors Group..
Additional investors included former L’Oreal executive Pat Parenty and private investor Michael Caron, according to a press release.
The Series B round brings total funding raised to $3.15 million. The company said the funds will be used to support a nationwide rollout after it completed recent partner acquisitions and a beta test.
After launching in early December, the Fort Lauderdale, Florida-based firm currently works with 60 salons. CEO David Tashjian said the company has spent the past 12 months with a "POS-agnostic product that allows for nationwide scalability," according to the release.
Topics: Financial News, Mobile Apps, POS
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