Mindbody has raised $50 Million to fund global expansion and mobile product development.
The $50 million equity financing comes from a syndicate of current and new investors including Bessemer Venture Partners, Institutional Venture Partners, Catalyst Investors, W Capital Partners and Montreux Equity Partners.
Capital from this financing will be used to further Mindbody’s global expansion and development of its web and mobile products – facilitating the integration and adoption of wellness services into mainstream society.
“Mindbody is the largest and fastest-growing provider of business management software for beauty and health industries. We have over 500,000 practitioners and 33,000 businesses in 92 countries who depend on our mobile-enabled SaaS platform,” said Mindbody CEO Rick Stollmeyer.
“Mindbody’s growth has been exponential and shows no signs of slowing,” said Blake Heston, Principal of W Capital Partners, one of Mindbody’s new investors. “The company’s market leadership is exemplified by the scalability of its core software, its industry-leading innovation in web and mobile product development, and its dedication to best-in-class customer service. We are very excited to support the company’s continued growth and expansion.”
For more information visit https://au.mindbodyonline.com/