Phorest revenue hit $20M in 2024

Phorest generates revenue from 10 customers

Phorest

9-Anglesea Row, Dublin, D07 W5NE, Ireland

How did Latka collect this data?

Latka collected this data by interviewing Phorest CEO Ronan Perceval on Nov 25, 2018

About Company RevenueFundingTeamFounder/CEOCustomersCEO Net Worth

How Phorest hit $20M revenue and 10 customers in 2020.

Phorest is a leading salon software provider that offers a comprehensive suite of management tools for beauty salons and spas. The software helps salon owners streamline their operations, manage appointments, track inventory, handle customer loyalty programs, and more. With its user-friendly interface and powerful features, Phorest helps businesses in the beauty industry improve efficiency and enhance the client experience.

Founded

2003

Founded

Revenue

$20M

2020 Revenue

YOY

122.22%

YOY

Funding

$25.4M

Funding

Phorest Revenue

In 2020, Phorest revenue run rate hit $20M in revenue.

  • 2020

    Phorest hit $20M in revenue in 2020

  • 2019

    Phorest hit $9M in revenue in 2019

  • 2018

    Phorest hit $7.2M in revenue in 2018

  • 2003

    Phorest launched in 2003 with $0 revenue

Phorest Funding History

  • 2018 Private Equity Round

    Phorest raised a Private Equity Round of in June, 2018

  • 2011 Seed Round

    Phorest raised a Seed Round of in August, 2011

FUNDING DATE ROUND AMOUNT VALUATION
June, 16 2018 Private Equity Round
August, 18 2011 Seed Round

Team

Phorest has 321 total employees and 33 sales reps that carry a quota. They have 10 customers an engineering team of 53 and a marketing team of 12.

DISTRIBUTION QTY
Total team size 321
Engineer 53 (17%)
Sales 33 (10%)
Marketing 12 (4%)

Founder / CEO

Ronan Perceval

Co-founder of Demonware (Matchmaking service used in Call of Duty) that was acquired in 2007. Then founded Phorest on Evergreen principles - building company to last for generations. Over 70 of the 150 employees are ordinary share holders (not options). Phorest is now serving over 5,000 salons and is the leading salon software platform in Europe.

Q&A

  • What's your age?

    40

  • Favorite online tool?

    Zuora

  • Favorite book?

    Good Strategy Bad Strategy

  • Favorite CEO?

    Shopify CEO

  • Advice for 20 year old self

    Get started earlier

Customers

Churn

Phorest Executives

Name Position Working Email Personal Email
Ronan Perceval CEO [email protected] -

Phorest Employees

Name Position Working Email Personal Email
Ronan Perceval CEO [email protected] -

Frequently Asked Questions about Phorest

  • When was Phorest founded?

    Phorest was founded in 2003.

  • How much revenue does Phorest generate?

    Phorest generates $20M in revenue.

  • Who is the CEO of Phorest

    The CEO of Phorest is Ronan Perceval.

  • How much funding does Phorest have?

    Phorest raised $25.4M.

  • How many employees does Phorest have?

    Phorest has 321 employees.

  • Where is Phorest headquarters?

    Phorest is headquartered at 9-Anglesea Row, Dublin, D07 W5NE, Ireland

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