Motionsoft, a Silver Spring, MD-based provider of membership management software and billing solutions to the active lifestyle industry including gyms, hospitals, and corporate wellness centers, has received a $5.5m investment from Edison Venture Fund.
The new capital will be used to expand sales, marketing and development.
The company currently serves over 2000 clients in the US, Canada, Mexico and Europe. They include, among the others, health clubs, corporate and hospital based wellness centers, and universities such as Equinox, Gold’s Gym, Starbucks, Mayo Clinic and Duke Fitness Center.
In conjunction with the investment, Gary Golding, General Partner at Edison, and George Pappas, Edison Director Network member, have joined Motionsoft’s board of directors.