RepeatMD Raises $50 Million in Series A Funding by Automating Revenue Generation in the Aesthetics & Wellness Industry
RepeatMD, a SaaS company leveraging Inbound Revenue to increase sales for aesthetic and wellness practices, has secured $50 million in Series A funding, including a $10 million debt facility from Silicon Valley Bank. This funding marks a significant milestone in RepeatMD’s mission to deliver superior revenue efficiency to growing practices and to enhance their patients’ experience.
The financing round was co-led by Centana Growth Partners and Full In Partners with participation from PROOF, and marks an exceptional growth period for RepeatMD following its seed financing round just nine months ago from Mercury Fund, who also participated in the Series A.
The medical industry is in a period of massive growth as providers seek to add aesthetic and cash-based treatments to their practices. In the U.S. alone, the med spa market is expected to hit $19 billion this year, while the global aesthetics market reached $99 billion in 2021 and is forecasted to grow to nearly $332 billion by 2030. Traditionally, practices have relied on in-person consultations and ad hoc marketing campaigns, as they lacked modern software solutions and ecommerce tools to attract new customers and drive repeat business.
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