Mindbody Raises $50M in Funding

Published On February 20, 2014 |

mindbody-logoMindbody, a San Luis Obispo, California-based provider of business management software for beauty, health and wellness, raised $50m in funding.

Backers included a syndicate of current and new investors including Bessemer Venture Partners, Institutional Venture Partners, Catalyst Investors, W Capital Partners and Montreux Equity Partners.

The company intends to use the funds to further accelerate global expansion and advance development of its web and mobile products.

Connect on IPhoneLed by Rick Stollmeyer, CEO, Mindbody provides a SaaS management solution that allows local businesses to manage all aspects of their operations, from web scheduling and staff management, to point of sale and payment processing, to automated marketing and eCommerce.
The company’s platform is accessible to business owners and staff, as well as clients, via web and mobile apps.
In 2013, Mindbody launched a consumer booking app called MINDBODY Connect, and a workplace wellness solution called MINDBODY Exchange, which offers employers a customizable platform to connect employees with health and wellness providers.

FinSMEs

20/02/2014

Related News
01/11/2012: Mindbody Completes $35M in Funding
02/09/2011: MindBody Raises Additional $9M in Funding

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