How Much Did Soothe Raise?
Funding & Key Investors

Soothe, the prominent on-demand wellness platform, has successfully navigated multiple rounds of capital infusion to solidify its market position. With a cumulative financial backing reaching $79.3M, the company has demonstrated a robust growth trajectory since its inception. The most recent strategic investment of $1M underscores the firm's continued ability to attract significant interest from institutional backers, further validating its business model in the competitive health-tech landscape.

This latest injection of capital serves as a testament to the company's operational resilience and its capacity to scale within the on-demand service sector. By maintaining a consistent cadence of financing, Soothe has effectively transitioned from its early-stage roots to a mature enterprise-level entity, poised for sustained expansion.

What is Soothe?

Soothe
Consumer ServicesSpa and Salon Management

Founded in 2013 and headquartered in Los Angeles, California, Soothe operates as a sophisticated digital marketplace that bridges the gap between professional massage therapists and a diverse client base. By facilitating on-demand, mobile wellness services directly to homes, apartments, and corporate office environments, the platform has disrupted traditional brick-and-mortar wellness models. The company leverages proprietary technology to optimize scheduling and service delivery, ensuring a seamless experience for both independent practitioners and end-users. As a leader in the wellness-as-a-service category, Soothe continues to refine its operational efficiency, positioning itself as a critical infrastructure provider in the modern gig economy.

How much funding has Soothe raised?

Soothe has raised a total of $79.3M across 5 funding rounds:

2015

Private Equity

$1.7M

Series A

$10.6M

2016

Series B

$35M

2018

Series C

$31M

2020

Debt

$1M

Private Equity (2015): $1.7M with participation from IDG Capital

Series A (2015): $10.6M led by Riverside

Series B (2016): $35M supported by Riverside

Series C (2018): $31M featuring Riverside

Debt (2020): $1M backed by PPP

Key Investors in Soothe

Riverside

Founded in 1870, Riverside is a global investment firm that specializes in capital options for investors, business owners, and employees at the smaller end of the middle market. Riverside is located in New York.

IDG Capital

A prominent private equity firm with a focus on technology and consumer-facing businesses, providing strategic growth capital to high-potential ventures.

PPP

Public-Private Partnership

What's next for Soothe?

Looking ahead, the strategic deployment of the $1M is expected to focus on deepening market penetration and enhancing the platform's technological capabilities. Given the company's history of securing major enterprise-level funding, the focus will likely shift toward optimizing unit economics and expanding its service footprint into new geographic territories. By leveraging its established network of therapists and its proven ability to manage complex logistics, Soothe is well-positioned to capitalize on the growing consumer demand for convenient, high-quality wellness solutions. Future growth initiatives will likely prioritize the integration of advanced data analytics to improve therapist matching and customer retention, ensuring the company remains at the forefront of the on-demand wellness industry.

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Frequently Asked Questions Regarding Soothe Financial Insights

What are the most recent funding rounds that Soothe has completed, and what were the funding rounds?
Soothe has recently completed 3 funding rounds: Debt on Apr 14, 2020, Series C on May 2, 2018, Series B on Mar 9, 2016.
What is the total amount of funding Soothe has raised to date?
Soothe has raised a total of $79.3M in funding to date.
How many funding rounds has Soothe completed?
Soothe has completed 3 funding rounds.
How much funding did Soothe raise in its most recent funding round?
Soothe raised $1M in its most recent funding round.
Who are the lead investors in Soothe's latest funding round?
The lead investor in Soothe's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Soothe's history?
The largest funding round in Soothe's history was $35M.
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