• Apply To Contribute To AlleyWatch
    • Write for AlleyWatch
  • Tell Us About Your Startup
  • Email Signup
  • Advertise on AlleyWatch
AlleyWatch
  • Business
  • Startups
  • Funding
  • Women in Tech
  • NYC Tech
No Result
View All Result
  • Business
  • Startups
  • Funding
  • Women in Tech
  • NYC Tech
No Result
View All Result
AlleyWatch
No Result
View All Result
Home AlleyTalk #NYCTech

ClassPass Acquired by Mindbody

Reza Chowdhury by Reza Chowdhury
ClassPass Acquired by Mindbody
Share on FacebookShare on Twitter

ClassPass, the monthly fitness subscription marketplace that features over 30,000 studios, gyms, and wellness providers, is being acquired by Mindbody, the technology platform that connects wellness providers to consumers and allows providers to manage their businesses. Terms of the transaction were not disclosed but it’s an all-stock deal. “The ClassPass network includes many businesses already working with Mindbody. By combining our respective operations, we will create more seamless integrations and unlock new revenue opportunities for business owners using both services, while continuing to support all fitness, salon and spa businesses who choose to work with Mindbody or ClassPass,” said Fritz Lanman, ClassPass CEO.

The ClassPass network includes many businesses already working with Mindbody. By combining our respective operations, we will create more seamless integrations and unlock new revenue opportunities for business owners using both services, while continuing to support all fitness, salon and spa businesses who choose to work with Mindbody or ClassPass – Fritz Lanman

Founded by Mary Biggins, Payal Kadakia, and Sanjiv Sanghavi in 2011, ClassPass has raised a total of $549.2M in total reported equity funding. The many backers of the company include Techstars, SV Angel, Right Side Capital Management, General Catalyst, GV, CRV, BoxGroup, Slow Ventures, Acequia Capital (AceCap), Temasek Holdings, Thrive Capital, Techstars New York City Accelerator, Charlie Songhurst, Scott Banister, BAM Ventures, L Catterton, Brainchild Holdings, Cyan Banister, David Tisch, Eastward Capital Partners, Fifth Wall, M13, Moonshots Capital, Romulus Capital, Nelstone Ventures, Fritz Lanman, Kal Vepuri, Owen Van Natta, WME, Hank Vigil, Vivi Nevo, Gordon Crawford, True Capital Management, Miroma Ventures, Shana Fisher, Beehive Holdings, Blake Krikorian, Apax Digital, Expanding Capital, Emergent Ventures, Springboard Growth Capital LLC, Blazer Ventures, Grace Stanat, Noah Kraft, and Keith Nowak.  ClassPass’ last funding came in  January of 2020 in a round led by L Catterton and Apax Digital at a $1B valuation. Lanman will continue to lead ClassPass under its own brand within Mindbody.

“This acquisition comes at a pivotal time for the wellness industry as it continues to rebound from COVID-19 related closures – and local and authentic experiences are more important to people than ever,” said Josh McCarter, CEO of Mindbody. “Our companies share a singular focus on bringing wellness experiences to more people, in more places. By leveraging the best of both companies’ technology and expertise, we are more committed than ever to providing studios with best-in-class tools to help them grow and thrive, while also driving more consumers to their businesses.”

Our companies share a singular focus on bringing wellness experiences to more people, in more places. By leveraging the best of both companies’ technology and expertise, we are more committed than ever to providing studios with best-in-class tools to help them grow and thrive, while also driving more consumers to their businesses. – Josh McCarter


You are seconds away from signing up for the hottest list in Tech!
Sign up today


Tags: Acequia Capital (Acecap)Apax DigitalBAM VenturesBeehive HoldingsBlake KrikorianBlazer VenturesBoxGroupBrainchild HoldingsCharlie SonghurstClassPassCRVCyan BanisterDavid TischEastward Capital PartnersEmergent VenturesExpanding CapitalFifth WallFritz LanmanGeneral CatalystGordon CrawfordGrace StanatGVHank VigilJosh McCarterKal VepuriKeith NowakL CattertonM13Mary BigginsMINDBODYMiroma VenturesMoonshots CapitalNelstone VenturesNoah KraftOwen Van NattaPayal KadakiaRight Side Capital ManagementRomulus CapitalSanjiv SanghaviScott BanisterShana FisherSlow VenturesSpringboard Growth Capital LLCSV AngelTechStarsTechstars New York City AcceleratorTemasek HoldingsThrive CapitalTrue Capital ManagementVivi NevoWME
Previous Post

Geopipe Raises $2.4M for its Platform That Provides 3D Models of Cities Powered by AI

Next Post

The Impact of AI-Enabled Smart Cities

Next Post
The Impact of AI-Enabled Smart Cities

The Impact of AI-Enabled Smart Cities

ABOUT ALLEYWATCH

ABOUT US
ADVERTISE
EDITORIAL GUIDELINES
LEGAL
PRIVACY
TERMS OF USE

CONTACT

CONTACT US
ADVERTISE
TIPS
WRITE FOR US

CHANNELS

NYC VC
NYC TECH EVENTS
NYC TECH NEWS
NYC STARTUPS
NYC COWORKING
TECH DIRECTORY

© 2023 AlleyWatch | All Rights Reserved | Proudly Made for NYC

No Result
View All Result
  • Home
  • Startups
  • Funding
  • AlleyTalk

© 2023 AlleyWatch | All Rights Reserved | Proudly Made for NYC

You are seconds away from signing up for the hottest list in New York Tech!

Join the millions and keep up with the stories shaping entrepreneurship. Sign up today.

Close this popup