STARTUP WITH TIPPING APP RAISES $1.65 MILLION

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    A Fort Lauderdale startup that created a digital tipping app for the salon and spa industries announced Wednesday that it has closed a $1.65 million funding round, bringing its total funding to $3.15 million.

    DirectTIPS, the parent company of Tippy, recently completed a successful beta and will now expand nationwide, supported by its new funding. The funding was led by Doug Von Allmen, founder of Beauty Alliance (now SalonCentric) and The Lehigh Valley Angel Investors’ Group. Other investors include Pat Parenty, former president of L’Oréal’s Professional Products Division, and Michael Caron, a private investor.

    “The last 12 months have been spent building and testing our new POS agnostic product that allows for nationwide scalability,” said Tippy CEO David Tashjian,  who founded the company with CIO Terry McKim.  “We’ve seen a tremendous response from the industry, and intend to be a leader in both increasing tips and educating salon professionals as to the additional benefits generated from use of our platform.”