Mindbody

Mindbody

Wellness software for business management

About Mindbody

Simplify's Rating
Why Mindbody is rated
B-
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Consumer Software

Consumer Goods

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

San Luis Obispo, California

Founded

2001

Overview

Mindbody provides software solutions tailored for the health, wellness, and fitness industries. Their products help businesses manage daily operations, attract clients, and improve service offerings. Key tools include FlexKit for operational improvements, WaiverKing for digital documentation, and QuickerNotes for patient care documentation. The REACH ai tool uses artificial intelligence to automate tasks, allowing business owners to concentrate on their main activities. Mindbody operates on a subscription model, where businesses pay a recurring fee for access to scheduling, client management, and payment processing tools. They also partner with ClassPass to connect consumers with wellness services, broadening their audience. With a partnership with Vista Equity Partners, Mindbody continues to grow and innovate, solidifying its role as a leading technology provider in the wellness sector.

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Simplify's Take

What believers are saying

  • Growing demand for virtual fitness classes boosts Mindbody's platform potential.
  • AI-driven personalization can enhance user engagement and retention for Mindbody.
  • Corporate wellness program expansion offers new market opportunities for Mindbody.

What critics are saying

  • Emerging wellness tech platforms pose a threat to Mindbody's market share.
  • Data privacy regulations may impact Mindbody's AI tool integration.
  • Economic downturns could affect Mindbody's subscription-based revenue model.

What makes Mindbody unique

  • Mindbody offers a comprehensive suite of tools for wellness business management.
  • The company integrates AI to automate tasks, enhancing operational efficiency.
  • Mindbody's partnership with ClassPass expands its global reach and audience.

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Funding

Total Funding

$597.7M

Above

Industry Average

Funded Over

9 Rounds

Notable Investors:
Private Placement VC funding comparison data is currently unavailable. We're working to provide this information soon!
Private Placement VC Funding Comparison
Coming Soon

Benefits

Performance Bonus

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

-2%
Cornell University
Dec 10th, 2024
A Decade of Innovation: The Pioneering Johnson Cornell Tech MBA Program

After securing seed funding, which was followed by exponential growth, Bowtie.ai was acquired in 2019 by Mindbody.

MarketScreener
Nov 12th, 2024
EverCommerce Announces Josh Mccarter as the Leader of its Everpro Vertical

Mr. McCarter joined Mindbody in 2018 as chief strategy officer following the company?s acquisition of Booker, where he had served as CEO and co-founder.

Picsomedia
Nov 7th, 2024
Seamlessly Integrate MindBody with Squarespace: Your Complete Guide

Solution: By integrating MindBody with Squarespace, you can offer a smooth, all-in-one experience for clients looking to book appointments, classes, or sessions online.

ThePrint
Aug 14th, 2024
Mindbody ClassPass to go public in 12-18 months, CEO says

California-based Mindbody, which went public in 2015, was taken private by Vista Equity Partners for $1.9 billion in 2019.

TDM Growth Partners
Jul 13th, 2024
Mindbody - TDM Growth Partners

The booking and management software behind your favourite yoga studio.

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