Holaglow raises € 1.5M in a new investment round
Holaglow, a leading startup in the aesthetic and wellness clinic sector, has successfully closed a €1.5 million investment round. This round was led by Faraday Venture Partners, an investment fund manager known for supporting innovative startups such as Signaturit, Bodeboca, Singularu and Pangea, among others. Additionally, the round received backing from previous investors like Demium and the Bacoy Management family office, who have reaffirmed their confidence in the project.
The recent investment will allow Holaglow to continue expanding its clinic network. The company recently announced the opening of two new locations, bringing the total number of operational clinics to five. With plans to triple its presence in the coming years, Holaglow is focused on consolidating its position in the market. Founded in 2023, the company has demonstrated exponential growth, achieving revenues of over half a million euros in its first nine months of operation. For 2024, Holaglow aims to quadruple its income through the expansion of its treatment offerings and geographical reach.
Julio Ribes, CEO and founder of Holaglow, stated: "We are excited to have the backing of Faraday Venture Partners as lead investor in this funding round. Their experience and success in supporting innovative retail companies like Singularu and Pangea bring significant value to our growth. We also appreciate the continued confidence of our previous investors, who have been essential to our development so far."
Jaime Biel, Managing Partner at Faraday Venture Partners, added: "We recognize Holaglow's great potential to become a reference in the aesthetics and wellness sector. The support received, along with the follow-on from their previous investors, not only reinforces the strength of their business model but also demonstrates their ability to scale successfully in a highly competitive market. We are convinced that their future evolution will be very positive and that Holaglow will continue to set trends in the industry."
The company is not only focused on expanding its clinics but also on diversifying its treatment portfolio, integrating dermatological skin care solutions and personalized hair treatments. "Our mission is to offer personalized and effective treatments that meet the needs of our clients, always with the highest standards of safety and quality," added Dr. Sonsoles Espi, Medical Director and co-founder.
Sources in media: Capital Riesgo, El Referente, Webcapitalriesgo
