“Starbucks” of nail salon, MiniLuxe’s offering lures seventeen backers

XDATA – October 7th 2014

miniluxeSo far seventeen investors participated to MiniLuxe‘s $23.73 million non-brokered financing round. Financial backers bought, last Wednesday, 97% of the offering or $23 million worth of equity. The company closed three previous unregistered private placements which raised an estimated $15.03 million.

MiniLuxe markets and develops a chain of hip nail salons focusing on impeccable cleanliness and dedication to hygiene, craftsman-quality service, refreshing, healthy and comfortable spaces, above-board employment practices, and thoughtfully-integrated technology solutions, such as 24×7 online booking. Investors include Cue Ball and EnVest Ventures.

The company, headquartered in Needham MA, is led by Sue Thirlwall (President and CEO). MiniLuxe elected to keep its revenues undisclosed.
The executive team includes Andrew Ervin and John Hamel.
The board of directors includes Anthony Tjan, Mats Lederhausen and Matt Cornue.

The company has raised an estimated total of $38.03 million via private unregistered security offerings.

Offering recap
Status: First close
Company: MiniLuxe
Industry: Other
Amount offered: $23.73 million
Amount placed: $23 million
First sale: 10-01-2014
Data as of: 10-07-2014

For more information visit www.XDATA.co


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