BDC Capital invests $2.4 mln in growth of WellnessLiving

Funding Rounds

▤ Summary

Founded in 2012 by CEO Len Fridman and COO Sasha Davids, WellnessLiving’s platform features tools and mobile apps to help spas, salons, fitness and yoga studios attract, engage and retain clients. The Canadian software company plans to use these funds to further accelerate product development as well as hire new staff to support their growing SaaS revenues. This continues to set the stage for WellnessLiving’s powerful and dynamic platform to challenge MindBody’s dominance in the health and wellness business management space. “This latest round of funding enables us to focus our attention on research, development, and implementation of machine learning and AI,” said Sasha Davids, co-founder and COO of WellnessLiving. Boasting a rare combination of superior usability and cutting-edge features, WellnessLiving stands out among competitors and is firmly positioned to shape the future of business management software.

$ Funding

$
Amount $2.4M Total raised
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Date October 10, 2018 Announcement date
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Investors Business Development Bank of Canada Lead investors
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Company http://www.wellnessliving.com Funded company

▥ Classifications

industries
No industries detected
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
SaaS Business Management Software Scheduling Software

▦ Linked Companies

WellnessLiving
$10M to $25M