thecut

Barbershop App theCut Raises $4.5M, Has Helped Barbers Generate $500M in Revenue

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theCut is a mobile platform for barbers and clients modernizing the barbershop experience. Today, the company announced that they have raised $4.5 million in new funding.

The Northern Virginia-based startup provides information and reviews on barbers for potential customers while also helping barbers manage mobile payments, appointments, and other back end tasks.

Clients can easily search for and discover new barbers, then book and pay for haircuts at their convenience. After completing an appointment, clients can review the barber and shout out a job well done.

Barbers can then manage all those clients, appointments, and payments with one easy to use tool.

Founded in 2016 by high school best friends, Obi Omile Jr. and Kush Patel, theCut has successfully booked 2 million appointments by over 350,000 clients who visited 22,000 barbers across the country. This has helped barbers generate more than $500 million in revenue since the app launched.

Nextgen Venture Partners led the funding round and was joined by Leadout Capital, Elevate Ventures, and Singh Capital. This brings total funding to $5.35 million.

The new investment will be used to hire additional talent, marketing and grow the business across the country.

Tony O. Lawson


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4 Comments

  1. Am so excited to come across the acticle online, i am a professional barber i based in nigeria, i need app so much, what a great idea.

  2. Can someone please fund a US black Business Directory–we often are looking for black businesses but hard to locate and don’t know the quality and scope of business we might be getting – could there be one online someplace that I do not know about??
    make sure all pass some sort of customer satisfaction rating , state (s) located in, a websight, with contact information or a good description of what they do – online could be easily updated by the owner with a passcode just for them.

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