Exercise Professionals - Glofox raises US$10m to fund US expansion...
19 May 2019 Exercise professionals: News, jobs and training
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

14 May 2019

Glofox raises US$10m to fund US expansion
BY Tom Walker

The software has been designed to assist independent, small boutique fitness studios as well as larger, global franchise operations

The software has been designed to assist independent, small boutique fitness studios as well as larger, global franchise operations

Fitness software startup Glofox has secured a US$10m worth of Series A funding.

Led by Octopus Ventures – and supported by Partech, Notion Capital and Tribal VC – the funding round will be used to expand Glofox's US presence.

Glofox will continue to build out its Los Angeles HQ, as well as allocate funds to product development. The company will also use the funds to increase marketing efforts and fill key leadership positions.

The software has been designed to assist both independent, small boutique fitness studios and larger, global franchise operations.

It has been designed to provide operators with critical insights into what members want and need, while streamlining administrative processes by allowing them to manage booking, payments, new leads and memberships.

The software is currently used by studios in 43 countries, with around 10m classes booked through the platform each year. Clients include F45 studios and Elite Bodyworks.

“The fundraising is a really exciting step for the company,” said Glofox founder and CEO Conor O’Loughlin.

“We’ve spent years optimizing Glofox for boutique gym owners, and we’re planning to use the funding to ensure Glofox can scale with our partners as they grow their business, while continually offering the features they need to maintain authentic relationships with customers.”

Marieke Christmann of Octopus Ventures added: “Glofox enables fitness entrepreneurs to run their businesses successfully and efficiently so they can focus on their passion – to help their customers get fit and stay healthy.

"At the moment boutique studios have to battle with a number of not-for-purpose and isolated applications. With Glofox, boutique studios can manage key business functions and provide a premium customer experience seamlessly.

“While traditional membership gyms are growing at 5 per cent, the boutique market is up 25 per cent, which gives us confidence that the team can transform this startup into a large software player."



Connect with
Exercise Professionals
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Report: UK fitness sector worth £5bn, penetration rate hits 15 per cent
Report: UK fitness sector worth £5bn, penetration rate hits 15 per cent   17 May 2019

The UK health and fitness industry is healthier than it has ever been, according to The 2019 State of the UK Fitness Industry Report. .... more>>
Heavily processed foods cause overeating and weight gain, study finds
Heavily processed foods cause overeating and weight gain, study finds   17 May 2019

People eating ultra-processed foods ate more calories and gained more weight than when they ate a minimally processed diet, according to results from .... more>>
Wellness Week 2019 launches at the Technogym Forum
Wellness Week 2019 launches at the Technogym Forum   17 May 2019

Wellness Week 2019 has kicked off in Romagna, Italy. The event will run from 17 to 26 May. Wellness Week was founded by Technogym as part of its .... more>>
Boutique operator Flywheel to expand its at-home fitness operations with Amazon deal
Boutique operator Flywheel to expand its at-home fitness operations with Amazon deal   17 May 2019

Boutique cycle studio operator Flywheel has teamed up with Amazon.com to make its Flywheel Home Bike available to customers. Flywheel was launched .... more>>
Equinox to introduce workspaces across its club portfolio
Equinox to introduce workspaces across its club portfolio   16 May 2019

Premium fitness operator Equinox will begin offering furnished office spaces adjacent to its high-end health clubs. The company has signed a .... more>>
Research: physically active students enjoy better mental health
Research: physically active students enjoy better mental health   16 May 2019

Physical activity could be a major tool in battling rising levels of loneliness among young people. A study of college students found that .... more>>
Company profile


Netpulse

Netpulse integrates fully with the leading fitness tracking devices and fitness apps, major cardio brands and member management software.

View full profile>>

Catalogue gallery


Featured Supplier

Fitness trends have changed, it’s time qualifications caught up

Fitness trends have changed, it’s time qualifications caught up

EMD UK, the national governing body for group exercise, has been working with Active IQ to improve industry qualifications. More>>




in this issue

• Leeds: first to lower childhood obesity
• PayAsUGym rebrands as Hussle
• Construction set to begin on Scottish tapestry attraction



Latest jobs

Jobs Search



Personal Trainer
Location: Swansea, Wales
Company: The Gym Group
Personal Trainer / Fitness Trainer Tottenham
Salary: Fantastic Benefits
Location: London, England
Company: The Gym Group
Personal Trainer
Salary: 100% of your PT earnings
Location: Norwich, UK
Company: The Gym Group
Personal Trainer / Fitness Trainer
Salary: 100% of your PT earnings
Location: Norwich, UK
Company: The Gym Group
Diary dates
Powered by leisurediary.com




19-22 May 2019

SPATEC Spring North America

JW Marriott Turnberry Resort & Spa, Miami, United States


21 May 2019

Meet IAAPA - North America

Six Flags Over Texas, Arlington, United States



Health Club Management magazine 2019 issue 5
Health Club Management
2019 issue 5

View issue contents
View on turning pages
Download PDF
  Talking point: Mental health first aid
With one in six people expected to suffer from some form of mental health issue each year, should our industry be training staff as mental first aiders? More>>
  Interview: Gareth Kirk
Leisure trust GLL and Belfast City Council will invest £105m over the next decade. We talk to the chair about the impact of the social enterprise model More>>


Health Club Management magazine 2019 issue 4

Health Club Management
2019 issue 4

View issue contents
View turning pages
Download PDF
  Preview: Elevate 2019
The lowdown on the UK’s largest physical activity trade show More>>
  Interview: Rainer Schaller
The founder of budget pioneer, McFit, tells Kate Cracknell why he’s launching a new brand for his diverse business More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd