Financing
The company received its first financing round of US$1 million in November 2005 from Tech Coast Angels and Pasadena Angels.[8]
In August 2010, it raised $11 million from Bessemer Venture Partners and Catalyst Investors.[9][10]
It received another round of funding in November 2012 of US$35 million from Bessemer Venture Partners, Institutional Venture Partners, and Catalyst Investors.[11]
In February 2014, Mindbody received its final round of private funding in the amount of US$50 million from Bessemer Venture Partners, Institutional Venture Partners, Catalyst Investors, W Capital Partners and Montreux Equity Partners.[12]
In June 2015, the company became a public company via an initial public offering, raising $100 million.[13]
In February 2019, the company was acquired by Vista Equity Partners for US$1.9 billion and taken private.[14]
On October 13, 2021, Mindbody + Vista acquired a former competitor, ClassPass, whose CEO, Fritz Lanman, came onboard as President of Mindbody.[15] Less than a year later, Josh McCarter resigned and Fritz Lanman became the new CEO on September 3, 2022.[16][17] Lanman has stated that his goal is to prepare Mindbody + ClassPass for IPO through a series of improvements and upgrades to both platforms.[18] "We are a story of two different businesses under one umbrella, both of which are growing, both of which are profitable, setting us up for an eventual IPO," CEO Fritz Lanman said.[18]
Acquisitions
In 2010, Mindbody acquired ClientMagic.[19]
In June 2013, Mindbody acquired Jill's List, a platform for Integrative Healthcare practitioners.[20]
In February 2015, Mindbody acquired Fitness Mobile Apps.[21][22]
In September 2016, Mindbody acquired HealCode, a technology company that designed web tools for the fitness and wellness industry.[23]
In March 2017, Mindbody acquired Lymber Wellness.[24]
