ShearShare is a Black owned app that works like an Airbnb for hairstylists and barbers. Instead of renting houses, they rent salon and barbershop stations.
The company was created in 2017 when husband-and-wife team, Courtney and Dr. Tye Caldwell discovered that 40% of salon and barbershop space goes unused every day.
ShearShare helps stylists communicate directly with their clients, including about specials they might be offering. Throughout COVID-19, the company has been enabling licensed cosmetologists and barbers to rent a sanitized salon suite, station, or nearby barber chair by the day.
The spaces are provided on demand without having to sign a long-term contract or pay commissions. Salon and barbershop owners make money on their unused space at a time and price that’s convenient for them.
“As the second largest industry for freelancers turns its attention to a new operating normal, many beauty and barbering professionals are taking time to revisit their priorities, including how to better manage operating costs, maximize revenue, and access professional workspace on-demand,” said Courtney.
The company has, in total, raised $3.4 million in funding. According to the company, despite an economic slowdown, they have experienced a 157% increase in users over the past few months.
Tye and Courtney said they will use the capital to fund product development, invest in marketing, and grow the now 16-person ShearShare team.
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