Leatherhead based Cloud Airport Spas currently operates beauty salons and nail bars in the departure lounges of five of the UKs regional airports, including Manchester and Stansted. By capitalising on the high footfall found in these locations the company is expanding quickly, with trials expected to commence in further airports in 2016.
In its latest funding round Cloud Airport Spas has raised a total of £400,000, from a cohort of private investors together with a £200,000 Coast to Capital investment. These monies will enable the company to expand existing, as well as open new, units.
Cloud Airport Spas CEO, Joel Sutton, comments: “We saw an opportunity to take advantage of the growing popularity of nails bars and beauty salons by capturing the exclusive airport market. We’re thrilled to see this strategy paying off with the business developing at a rapid rate. The investment comes at a crucial time for us, ensuring we have the appropriate finance to facilitate this growth. The FSE Group has been vital, not only in providing the Coast to Capital Investment, but also in helping us to secure some of the private investors we needed.”
Avent Bezuidenhoudt, Senior Fund Manager at The FSE Group, adds: “This is an exciting young business that has achieved a great deal over the last two years, having to date won every contract it has pitched for. The management team is highly experienced in the beauty industry and has big ambitions for the growth of the company. We are pleased to be working with them at this essential time in their development.”
The Coast to Capital Growth Equity Fund is part of the Coast to Capital Funding Escalator, a £5million initiative funded by Coast to Capital Local Enterprise Partnership. The escalator, which also includes an expansion loan scheme, provides eligible companies with loans and equity funding between £50,000 and £200,000 for activities that will deliver high-growth and employment opportunities.
For more information about the Coast to Capital Growth Equity Fund please visit http://www.thefsegroup.com/coast-capital-funding-escalator or contact Avent Bezuidenhoudt at firstname.lastname@example.org tel: 01276 608526.