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.
2003
Founded
$20M
2020 Revenue
122.22%
YOY
$25.4M
Funding
Phorest Revenue
In 2020, Phorest revenue run rate hit $20M in revenue.
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2020
Phorest hit $20M in revenue in 2020
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2019
Phorest hit $9M in revenue in 2019
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2018
Phorest hit $7.2M in revenue in 2018
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2003
Phorest launched in 2003 with $0 revenue
Phorest Funding History
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2018 Private Equity Round
Phorest raised a Private Equity Round of in June, 2018
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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
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Favorite book?
Good Strategy Bad Strategy
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Favorite CEO?
Shopify CEO
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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
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When was Phorest founded?
Phorest was founded in 2003.
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How much revenue does Phorest generate?
Phorest generates $20M in revenue.
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Who is the CEO of Phorest
The CEO of Phorest is Ronan Perceval.
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How much funding does Phorest have?
Phorest raised $25.4M.
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How many employees does Phorest have?
Phorest has 321 employees.
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Where is Phorest headquarters?
Phorest is headquartered at 9-Anglesea Row, Dublin, D07 W5NE, Ireland
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