Tippy Closes $1.65M Series B funding

tippyFort Lauderdale, FL-based DirectTIPS LLC, parent company of Tippy, a digital tipping application for the salon and spa industries, closed a $1.65m Series B funding.

The round was led by Doug Von Allmen, founder of Beauty Alliance (now SalonCentric), and The Lehigh Valley Angel Investors’ Group. Other individuals involved include:
– Pat Parenty, former President of L’Oréal’s Professional Products Division, and
– Michael Caron, a private investor.

The proceeds raised, which brought total funding to date to $3.15m, will now support the nationwide roll out.

Led by CEO David Tashjian and Founder and CIO Terry McKim, Tippy a digital tipping system built for industry professionals by industry professionals. It launched in early December and is already operating in 60 salons. Its focus is increasing tips for service professionals and depositing them into their personal bank accounts the next day. The Tippy mobile app is now available in the app stores, and the salon-based customer facing terminal is available at www.meettippy.com.



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