Motionsoft Expands Funding With $6 Million Series C Investment
Posted: October 27, 2016 in Suppliers
Motionsoft
ROCKVILLE, MD – Motionsoft, a leader in software, payment processing and back office support services for the fitness, health and wellness markets announced the closing of its Series C funding round. The round included investments by existing investors, Route Sixty-Six Ventures, as well as from co-founders Al Noshirvani and Hossein Noshirvani, and Edison Partners.
“Motionsoft has experienced strong growth across the enterprise market with our MoSo™ club management software and our outlook for 2017 and beyond is equally strong. It’s something we’re really proud of. Our engineering teams have advanced the capabilities of our club management software with industry-leading billing, reporting, and scheduling solutions. Our focus is to make member management and payment processing integrated, faster, and easier for club owners and operators, and the members they serve,” noted Al Noshirvani, Chairman and Chief Strategy Officer, Motionsoft.
Motionsoft will use the expansion capital to grow sales and market MoSo™, an enterprise software solution designed for large fitness operators, and MoSoClub™ a robust cloud-based gym software platform with integrated payment processing for facilities that have outgrown their existing member management software.
Motionsoft will also use the funds to hire more professional staff and grow the firm’s successful Full Service and accounts receivables offerings that launched in early 2016.
“As CEO, my focus will be to use these funds to align our corporate strategy and operational goals so that Motionsoft continues to build upon and cultivate our team’s hard work and dedication in developing software to support our customers’ commercial success while delivering unmatched value and innovative solutions for the fitness, health and wellness markets,” expressed John Cramp, CEO, Motionsoft.
“We see Motionsoft as an industry leader in the delivery of member management and payments solutions for the fitness, health and wellness markets. The company is helping club owner and operators realize the value of cloud-based software solutions and we are confident that the executive team will successfully advance its core products as well as broaden and deepen their sales pipeline,” noted Ryan Katz, Managing Partner, Route Sixty-Six Ventures.
To demo Motionsoft’s software, payment processing, back office support services, and accounts receivables solutions visit Motionsoft.net.
