# Mindobody

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mindobody

- Industry: Software
- Headquarters: San Luis Obispo, US
- Website: www.mindbodyonline.com/
- Total disclosed funding: $101M
- Latest round: Series G (Feb 21, 2014)
- Investors on record: 6

## About

Based in California, US, and founded in 2001, Mindbody, Inc., fka HardBody Software offers a cloud-based business management platform for the fitness, wellness, and beauty markets, as well as a mobile application for its customers. The company was initially founded in 2000 as HardBody Software, by Rick Stollmeyer, and Blake Beltram, and was later renamed MINDBODY, Inc. (in 2001). The firm raised USD 5.6 million in a Series C funding round led by Catalyst Investors, and Bessemer Venture Partners in 2009, and in October 2021, a consortium led by Sixth Street Growth, invested USD 500 million in the company. Also, in October 2021, Mindbody, Inc. acquired ClassPass, and as of November 2021, the firm is being led by its CEO, Josh McCarter.

Mindbody, Inc. is a software-as-a-service (SaaS) platform developer and provider for the fitness and wellness industries. The company's platform provides payment processing, business administration, and automated marketing tools, as well as a marketplace for fitness studios, salons, spas, and health centers, that facilitates the expansion of their client community, and business growth. The company also offers a mobile application, that allows consumers to search, find, and book appointments with wellness experts from their locality.

## Funding rounds

- Series G, Feb 21, 2014, $50M — Institutional Venture Partners, Catalyst, W Capital Partners, Montreux Equity Partners, Bessemer Venture Partners, MHS Capital
- Series F, Nov 1, 2012, $25M — Institutional Venture Partners, Catalyst, Bessemer Venture Partners
- Series E, Jun 27, 2011, $9M — Catalyst, Bessemer Venture Partners
- Series D, Aug 12, 2010, $11M — Catalyst, Bessemer Venture Partners
- Series C, Mar 1, 2009, $5.6M — Catalyst, Bessemer Venture Partners

## Investors

- Catalyst (https://capitalatlas.ai/funds/catalyst) — Series C, Series D, Series E, Series F, Series G
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series C, Series D, Series E, Series F, Series G
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series F, Series G
- W Capital Partners (https://capitalatlas.ai/funds/w-capital-partners) — Series G
- Montreux Equity Partners (https://capitalatlas.ai/funds/montreux-equity-partners) — Series G
- MHS Capital (https://capitalatlas.ai/funds/mhs-capital) — Series G