Mindbody Completes $35M in Funding

Mindbody, a San Luis Obispo, CA-based provider of online business management software to the beauty, health and wellness industry, has completed $35m in funding.

The round was led by Institutional Venture Partners (IVP), with participation from existing investors Catalyst Investors and Bessemer Venture Partners.

The company intends to use the funding to accelerate its international expansion and ongoing product development.

Led by co-founder and CEO Rick Stollmeyer, Mindbody provides a SaaS business management solution designed to help local businesses manage all aspects of their operations within a single system, 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 both business owners and their clients via web and mobile apps.
Mindbody currently serves over 21,000 health, wellness and beauty-based businesses in 80 countries worldwide.
In conjunction with the funding, Norm Fogelsong, General Partner of IVP, has joined the company’s Board of Directors.



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