Motionsoft, a Rockville, Md.-based Software-as-a-Service platform for member-based organizations in the fitness and wellness markets, secured a $17M round of financing.
The round was funded by existing investors Edison Partners, Route 66 Ventures, Roofdeck Partners, and Founders Al and Hossein Noshirvani.
The funds will be used to accelerate growth, further enhance its product offering, and extend its leadership position in the health and fitness industry.
Led by CEO Rick Auletta, Motionsoft provides a SaaS based platform to fitness clubs, corporate fitness facilities, hospital wellness centers, and university recreation centers.
The company’s software suite includes:
– MoSo™, an enterprise software solution designed for fitness operators who require custom software and service solutions, and
– MoSoClub™, a cloud-based club management software solution for operators and owners in need of a leading packaged software solution.
The company’s solutions are used by more than 2,900 innovative businesses and 8+ million members.