SAN FRANCISCO Feb 20 Health and wellness
software provider Mindbody has raised $50 million, the company
The cash will help bolster the web and mobile products of
Mindbody, which provides software widely used by health clubs
and yoga studios to schedule fitness classes.
W Capital Partners led the round, with participation from
new investor Montreux Equity Partners, along with existing
investors Bessemer Venture Partners, Institutional Venture
Partners, and Catalyst Investors.
W Capital will also buy shares from early Mindbody
investors, a spokeswoman said, but those transactions are not
included in the $50 million total.
San Luis Obispo, Calif.-based Mindbody was founded in 2001.