On-demand massage startup Soothe, Inc. has raised $35 million Series B in a round led by The Riverside Company.The valuation on the round was not disclosed.
Founded in 2013, Soothe offers on-demand massage in 22 cities in the United States from 3,000 independent message therapists who are claimed to earn three to four times more than the industry standard.
Like other Uber-style on-demand companies, customers book licensed therapists for an in-home massage with a standard price of $99 an hour (tipping is not required), and the masseur takes home $70, with the rest going to the company.
Soothe claims it is growing rapidly and now has tens of thousands of customers delivering 23 to 31 percent month-over-month revenue growth, and they’re planning on expanding to an additional 20 cities this year.
The market Soothe is catering to may not seem like a broad one, but the company claims it is a $14 billion market in the United States alone, and one that continues to grow.
Kauffman created the company while studying at the Harvard Business School, a period where he is alleged to have found it difficult to schedule a massage appointment outside standard business hours and locations; given their growth stats to date, it would appear that a sizeable number of other massage devotees would also have similar issues.
Soothe offers a variety of massage options to book a customized experience to meet their wellness and relaxation needs, and is currently available in Los Angeles, the San Francisco Bay Area, New York, Atlanta, Austin, Boston, Chicago, Dallas, Fort Worth, Ft. Lauderdale, Houston, Indianapolis, Miami, Minneapolis, Philadelphia, Phoenix, San Diego, San Jose, Scottsdale, Seattle, Vancouver (British Columbia), and Washington D.C.
Team TOS
