Mindbody
Financials
Estimates*
| USD | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Revenues | - | 183m | 248m | 311m | 382m |
| % growth | - | - | 36 % | 25 % | 23 % |
| EBITDA | - | 8.0m | 2.0m | 13.0m | 32.0m |
| % EBITDA margin | - | 4 % | 1 % | 4 % | 8 % |
| Profit | - | (14.0m) | (36.0m) | (28.0m) | (25.0m) |
| % profit margin | - | (8 %) | (15 %) | (9 %) | (7 %) |
| R&D budget | 31.9m | 35.2m | - | - | - |
| R&D % of revenue | - | 19 % | - | - | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| N/A | N/A | Seed | |
$5.6m | Series A | ||
$14.0m | Series B | ||
$9.0m | Early VC | ||
N/A | Secondary | ||
$35.0m | Series C | ||
$50.0m Valuation: $450m | Series D | ||
| N/A | $870k | Seed | |
| N/A | $101m Valuation: $448m | IPO | |
* | N/A | Post IPO Equity | |
| N/A | $134m | Post IPO Equity | |
N/A | Buyout | ||
$500m | Private Placement VC | ||
| Total Funding | CAD838m | ||
Recent News about Mindbody
EditMindbody, accessible at mindbodyonline.com, is a pioneering software company that has been at the forefront of the boutique wellness industry for over 20 years. The company specializes in providing technology solutions that help health, wellness, and fitness businesses manage their daily operations, attract and retain clients, and enhance their service offerings. Mindbody serves a diverse clientele, including individual wellness practitioners, boutique fitness studios, and large wellness enterprises.
Operating in the global wellness market, Mindbody offers a suite of products designed to streamline business operations. These include FlexKit for operational enhancements, WaiverKing for seamless digital documentation, and QuickerNotes for efficient patient care documentation. Additionally, their REACH ai tool leverages artificial intelligence to automate tasks, allowing business owners to focus on their core activities.
Mindbody's business model revolves around a subscription-based service. Businesses pay a recurring fee to access Mindbody's software solutions, which include scheduling, client management, and payment processing tools. The company also generates revenue through its partnership with ClassPass, a platform that connects consumers with fitness classes and wellness services. This partnership expands Mindbody's reach, allowing it to tap into a global audience of individual and corporate subscribers.
In 2019, Mindbody partnered with Vista Equity Partners, a move that has bolstered its growth and innovation capabilities. This partnership has enabled Mindbody to continue developing cutting-edge solutions and maintain its position as a trusted technology provider in the wellness industry.
In summary, Mindbody is a comprehensive technology provider for the wellness industry, offering tools that help businesses manage operations, attract clients, and enhance service delivery. Its subscription-based model and strategic partnerships have positioned it as a leader in the global wellness market.
Keywords: wellness technology, fitness software, client management, scheduling tools, digital documentation, AI automation, subscription service, ClassPass partnership, global audience, Vista Equity Partners.
Tech stack
Investments by Mindbody
Edit
