Silver Lake Partners and Battery Ventures-backed Clubessential completed the acquisition of Momence.

Silver Lake Partners and Battery Ventures-backed Clubessential, a SaaS and embedded payments provider for membership-based organizations, completed the acquisition of Momence, an AI-powered platform designed to help fitness studios automate operations and engage members. Financial terms were not disclosed. “Joining Clubessential Holdings marks an exciting new chapter for Momence. From the beginning, our vision has been to revolutionize the experience economy by providing modern software solutions to an underserved industry. Clubessential Holdings provides us with the resources, support, and scale needed to innovate more effectively, expand our reach, and deliver on our vision. We look forward to this incredible opportunity to build on the foundation we’ve created,” Vojta Drmota, Momence Co-Founder and CEO.