Zen Planner, a Highlands Ranch, CO-based company that develops business management software for gyms, health clubs, and yoga studios, announced Tuesday it has raised $10 million in a growth equity round.
The lone investor was Mainsail Partners, according to a media release. Mainsail is based in San Francisco.
Mainsail is the first institutional investor to put money into Zen Planner, the announcement said. Zen Planner had previously raised $1.15 million, including a $600,000 round earlier this year. It was founded in 2006.
The company will use the money for product development, to expand its customer service team, and to add to its management team as it tries to scale.
Zen Planner’s cloud-based software manages all areas of business, from billing to event scheduling, and can be used to manage multiple clubs and studios.
Author: Michael Davidson
Michael Davidson is an award-winning journalist whose career as a business reporter has taken him from the garages of aspiring inventors to assembly centers for billion-dollar satellites. Most recently, Michael covered startups, venture capital, IT, cleantech, aerospace, and telecoms for Xconomy and, before that, for the Boulder County Business Report. Before switching to business journalism, Michael covered politics and the Colorado Legislature for the Colorado Springs Gazette and the government, police and crime beats for the Broomfield Enterprise, a paper in suburban Denver. He also worked for the Boulder Daily Camera, and his stories have appeared in the Denver Post and Rocky Mountain News. Career highlights include an award from the Colorado Press Association, doing barrel rolls in a vintage fighter jet and learning far more about public records than is healthy. Michael started his career as a copy editor for the Colorado Springs Gazette's sports desk. Michael has a bachelor’s degree in English from the University of Michigan.
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