Be Relax has raised €20 million through a dedicated capital increase with Activa Capital. The transaction will help Be Relax expand into new airports and accelerate upcoming airport openings.
“I am delighted with this partnership with Activa Capital,” says Nicolas Briest, co-founder of Be Relax. “Their renowned experience in supporting external growth strategy will be key in carrying out potential build-ups for Be Relax.”
Be Relax has undergone significant growth in recent years, expanding into more airports in the United States and the Middle East. With this infusion of capital, Be Relax hopes to open 10 new spas per year. Be Relax also plans to implement a new marketing concept, with a gradual rollout across all points of sale.
“Ultimately, we want to strengthen our global leadership, becoming No. 1 in the U.S. market,” says Frédéric Briest, co-founder of Be Relax. “This development will involve the opening of many new spas.”