Zen Planner Raises $10M to Develop Software for Gyms and Yoga Studios

10/22/13Follow @MichaelXBD

Zen Planner, a Highlands Ranch, CO-based company that develops business management software for gyms, health clubs, and yoga studios, announced Tuesday it has raised $10 million in a growth equity round.

The lone investor was Mainsail Partners, according to a media release. Mainsail is based in San Francisco.

Mainsail is the first institutional investor to put money into Zen Planner, the announcement said. Zen Planner had previously raised $1.15 million, including a $600,000 round earlier this year. It was founded in 2006.

The company will use the money for product development, to expand its customer service team, and to add to its management team as it tries to scale.

Zen Planner’s cloud-based software manages all areas of business, from billing to event scheduling, and can be used to manage multiple clubs and studios.

Michael Davidson is the editor of Xconomy Boulder/Denver. He covers startups, venture capital, clean tech, energy, aerospace, telecoms, and whatever else happens above 5,280 feet. Contact him at mdavidson@xconomy.com. Follow @MichaelXBD

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