Check out the third edition of our new series spotlighting our remarkable portfolio companies and the work they are doing to disrupt their industries!
Today we want to highlight Courtney Caldwell, CEO and Co-Founder of ShearShare – rent space to work anywhere for any price for the beauty & barbering industry!
Read on to learn more about Courtney and ShearShare!
✂️ What They Do: ShearShare is a B2B platform that connects salon, spa, and barbershop owners to individual stylists to fill their unused salon space on demand. Salon and barbershop owners make money on their empty suites and stations, and licensed cosmetologists and barbers get access to professional, affordable space to work without having to sign a long-term contract or work by commission.
✂️ Why They Do It: As award-winning salon and barbershop owners, ShearShare was a problem that Courtney & the founding team was trying to solve for themselves. They quickly learned that 40% of salon and barbershop space goes unused every day, while the 1.6M licensed cosmetologists and barbers in the US are looking for flexible, affordable, professional space to work when and where they need it. They realized that we were on the right path when the “manual matching” they did for three years started to feel like a full-time job. This led them to build the first B2B mobile app that connects owners to pros to fill their empty space.
✂️ How We Met: Chloe Capital first reached out after ShearShare won the 43North competition in 2021. We were impressed with the experienced team and the vision to disrupt the salon industry.
✂️ Chloe Effect: Courtney says it best herself, “Chloe Capital has helped us in the most vital way – providing access to capital”. To pay it forward, ShearShare has plugged into our ecosystem by securing speakers for Chloe events and participating in both virtual and in-person meetups with the community.
✂️ What is Next for ShearShare: ShearShare has had a major year, securing notable clients such as JCPenney Salons, and partnerships with Lloyd’s of London and Mastercard. They’ve seen a 82% YoY increase in bookings and were awarded a 2024 Award of Excellence for Integrated Mobile Experiences from The Academy of Interactive and Visual Arts. There’s more on the horizon so stay tuned for updates!
Learn more about ShearShare at https://www.shearshare.com/