The Briefing: Mindbody Buys ClassPass, TripActions Lands $275M, And More

As part of the deal, a group led by private equity firm Sixth Street is also investing $500 million into ClassPass. New York-based ClassPass has previously raised just under $550 million from private investors including GV, Thrive Capital and General Catalyst and was valued at $1 billion before the Mindbody deal, according to Crunchbase data. It sells subscription appointment booking and customer management software to fitness studios, spas and other businesses in the wellness industry. TripActions, a provider of corporate travel booking tools, raised $275 million in a Series F funding round led by Greenoaks that pushes its valuation up to $7.25 billion. Redwood City, California-based Dexterity, a provider of robotic systems for logistics, warehouses and supply chain, announced it has raised $140 million in a Series B equity and debt funding round led by existing investors Lightspeed Venture Partners and Kleiner Perkins.