U.S.-based online fashion and beauty startup Vagaro has completed its $63 million equity funding round.

The investment came from U.S.-based investment firm FTV Capital.

With the capital raised, Vagaro will be able to invest in cloud-based, industry-specific technology to enhance businesses and reduce complexity and seamlessly process payments.

Vagaro will also extend its sales and marketing team and geographical footprint. As part of the round, FTV Capital will join Vagaro’s board of directors.