Black Owned App

Black Owned App for Beauty Salons and Stylists Has Raised Over $3 Million

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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.

Black Owned App
Courtney Caldwell (R) and Dr. Tye Caldwell (L)

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.

 

Tony O. Lawson


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