# SalonScale Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/salonscale-technology

- Industry: Software
- Headquarters: Saskatoon, Canada
- Website: www.salonscale.com
- Total disclosed funding: $0.8M
- Latest round: Seed (Aug 9, 2019)
- Investors on record: 1

## About

SalonScale Technology Inc. provides a specialized backbar management application for salons, focusing on real-time color cost tracking and enhancing profitability for salon owners and stylists.Founded by Alicia Soulier, SalonScale Technology Inc. operates from Saskatoon, Canada, specializing in salon management solutions. The company raised CAD 1 million in Seed funding from Conexus Venture Capital in August 2019, marking a significant step in its growth.SalonScale's primary offering is a comprehensive backbar management application designed specifically for salons, focused on accurately tracking color costs to enhance profitability. The app allows salon teams to document and manage product usage in real-time, ensuring precise pricing and transparency for color services. Key features include formula management, real-time weighing of mixed products, and an intuitive inventory management system that simplifies reordering processes. SalonScale is utilized in various geographical markets, including North America, Europe, and Australia, catering to a diverse clientele of salons seeking to optimize their operational efficiency and client satisfaction.SalonScale generates revenue through a subscription-based model with various pricing plans tailored for salon teams. Each subscription provides access to features like automated cost calculators and inventory management tools, including a complimentary Bluetooth scale for seamless product weighing integration. The firm emphasizes rapid return on investment, with an average payback period of five color appointments, translating subscription costs into increased profits for salon owners.SalonScale Technology Inc. plans to leverage its recent Seed funding of CAD 1 million raised in August 2019 to enhance its product offerings and expand into new geographic markets. The company is focusing on developing additional features for its application aimed at improving user experience and efficiency. Specific new products and their release dates have not been disclosed; however, efforts to penetrate markets outside of North America, including Europe and Australia, are underway.

## Funding rounds

- Seed, Aug 9, 2019, $0.8M — Conexus Venture Capital

## Investors

- Conexus Venture Capital (https://capitalatlas.ai/funds/conexus-venture-capital) — Seed