MINDBODY Raises $35M

San Luis Obispo-based MINDBODY has raised a big, $35M venture capital round this morning, led by Institutional Venture Partners (IVP), along with Catalyst Investors (Catalyst) and Bessemer Venture Partners (BVP). MINDBODY provides online, software-as-a-service which lets health, wellness, and beauty businesses manage their businesses, including everything from e-commerce, payment processing, marketing, to staffing and scheduling. MINDBODY, which is headed by Rick Stollmeyer, is also backed by the Pasadena Angels and Tech Coast Angels, which were first to put their backing behind the company. As part of the funding, MINDBODY said that Norm Fogelsong of IVP has joined the company's board of directors. More information »