MindBody, Inc. Garners $5,600,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c396af3a-a1ca-477d-af50-0624127aaedf&Preview=1
Date
5/5/2009
Company Name
MindBody, Inc.
Mailing Address
4051 Broad Street San Luis Obispo, CA 93401
Company Description
MINDBODY Inc.’s roots go back to 1998, when we were the first software consultancy developing easy-to-use client and teacher management solutions for yoga, pilates, and spinning studios. In 2001, we became an LLC, took the business name “MINDBODY Software,” hired our first employees and released the first hosted data synchronization service designed for small business. In 2003, we led the industry again with online scheduling as the first web based, client scheduling tool synchronized to desktop studio management software.
Website
http://www.mindbodyonline.com
Transaction Type
Venture Equity
Transaction Amount
$5,600,000
Transaction Round
Undisclosed
Proceeds Purposes
The new capital will fund accelerated software development and business expansion.
M&A Terms
Venture Investor
Catalyst Investors