# Watalook

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/watalook

- Industry: Software
- Headquarters: Kaunas, Lithuania
- Website: www.watalook.com
- Total disclosed funding: $3.2M
- Latest round: Seed (Dec 21, 2022)
- Investors on record: 3

## About

Watalook, based in Lithuania, provides digital solutions for beauty professionals to enhance operational efficiency. Their platform streamlines appointment scheduling, client management, and payment processing, ultimately improving service delivery in the beauty industry.Watalook, established in 2020 in Kaunas, Lithuania, focuses on offering innovative software for beauty service providers. The company has undergone strategic pivots to better serve its clients and currently operates under the leadership of CEO Klaudijus Ambrozas. Watalook has successfully raised EUR 3 million in Seed funding as part of its development plans, with the most recent funding round occurring on December 21, 2022. The founders, Justas Vitenas and Klaudijus Ambrozas, have been instrumental in the company's strategy and growth, while the firm has executed a total of 2 deals to date.Watalook offers a comprehensive suite of digital tools tailored for beauty professionals seeking to streamline their business operations. The core product, the Watalook application, facilitates appointment scheduling, client management, and payment processing, enabling beauty technicians to efficiently manage their workflows. Key features include SMS reminders, online booking capabilities, and a client history feature that records essential client information, thereby enhancing customer relationships and loyalty. This application is designed to address common pain points such as managing cancellations and reducing phone inquiries, allowing users to maintain a focus on their services. Watalook primarily serves beauty service providers, including hairdressers, estheticians, and therapists, with a focus on markets across Europe, including Lithuania, Latvia, and Poland.In the most recent year, Watalook reported a revenue of EUR 81,144.60, while its EBITDA for the same period was EUR -833,794.10. The company generates revenue through a subscription model for its software services, allowing beauty professionals to access a range of features that enhance their operational efficiency. Clients typically engage with the firm by subscribing to various service tiers that may include options for automated SMS notifications, advanced client management tools, and electronic payment processing. Revenue is derived from standard subscription fees, potentially structured around monthly or annual plans, which vary depending on the level of service selected. The platform enables users to accept payments from customers through multiple methods, including credit cards and digital wallets, creating a seamless transaction experience. Watalook’s focus on effective client management tools and automated services aims to provide robust solutions that ultimately contribute to the financial success of its clients in the beauty industry.In December 2022, Watalook raised EUR 3 million in Seed funding, led by new investor Founders, with participation from Practica Capital and returning investor Crosspring. The funds will be utilized to support the company's expansion efforts and strengthen its presence in the European market. Watalook plans to introduce new products focused on enhancing user experience and expanding into additional European markets, including Latvia and Poland, by the end of 2023.

## Funding rounds

- Seed, Dec 21, 2022, $3.2M — Practica Capital, Founders, Crosspring

## Investors

- Practica Capital (https://capitalatlas.ai/funds/practica-capital) — Seed
- Founders (https://capitalatlas.ai/funds/founders) — Seed
- Crosspring (https://capitalatlas.ai/funds/crosspring) — Seed