Dashl secured $1.3M from H&M Co:lab and Cristina Stenbeck

Dashl, a Stockholm, Sweden-based company operating a beauty salons business, announced in a press release that it completed a new investment round totalling SEK 13M ($1.3M).

The funding was provided by Swedish investors, including angel investor Cristina Stenbeck through Ameriana and H&M through its investment company H&M Co:lab. The money will be used to scale up the company's operations.

Dashl, founded in 2015 by CEO Arbilina Nissan and Nina Akbari, built a digital marketplace for making appointments to 400 stylists, avalable in Stockholm, Malmö and Gothenburg. The company also operates its own beauty bars and a school for stylists, and is yet to be profitable, at a 2018 turnover of SEK 1.8 million ($200k) via one company (Dashl AB) and SEK 3M ($300k) via another acquired at the end of 2018 (Dashl Beauty Academy AB).

Prior to this round, Dashl raised money from Invest in Her, in 2017 and from angel investor Peter Liljestrand.