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Exclusive: 1Rebel gym chain hits £1.15m crowdfunding target in 11 days
POSTED 16 Jul 2014 . BY Jak Phillips
(Left to right) Ops director Kevin Yates, model Lauren Capulet, co-founder James Balfour, model El Wood and co-founder Giles Dean Credit: 1Rebel
Fitness startup 1Rebel has raised more than £1m of investor capital for its fledgling business in under two weeks, thanks to an innovative crowdfunding venture.

The company launched on crowdfunding site Crowd Cube on 1 July, offering the public the chance to invest in the venture – a chain of high intensity studios using the ‘pay as you train’ business model – with 27.65 per cent of total equity up for grabs in return for £1.15m. Having hit the target late last week, the total had reached £1.19m as of this morning (16 July), with still 40 days left of the company’s website listing. So far, 188 investors have bought equity in the company, with the largest bidder pledging £575,000.

Operations director Kevin Yates described the response on Crowd Cube as “overwhelming” and said that despite 1Rebel reaching its target early, investors can still grab a slice of the action as further equity is available in return for capital.

The brainchild of James Balfour - son of Fitness First co-founder Mike - and leisure start-up specialist Giles Dean, 1Rebel will comprise a range of boutique fitness studios solely focused on high intensity training. The first site has been secured in central London and is set to launch in October, with Yates revealing that visuals will be released within the next two weeks.
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  Fitness startup 1REBEL embarks on crowdfunding venture


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Planet Fitness increases price of basic membership for first time in over 20 years
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Fast Fitness Japan acquires master franchisee rights to Anytime Fitness Germany
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Jobs    News   Products   Magazine
NEWS
Exclusive: 1Rebel gym chain hits £1.15m crowdfunding target in 11 days
POSTED 16 Jul 2014 . BY Jak Phillips
(Left to right) Ops director Kevin Yates, model Lauren Capulet, co-founder James Balfour, model El Wood and co-founder Giles Dean Credit: 1Rebel
Fitness startup 1Rebel has raised more than £1m of investor capital for its fledgling business in under two weeks, thanks to an innovative crowdfunding venture.

The company launched on crowdfunding site Crowd Cube on 1 July, offering the public the chance to invest in the venture – a chain of high intensity studios using the ‘pay as you train’ business model – with 27.65 per cent of total equity up for grabs in return for £1.15m. Having hit the target late last week, the total had reached £1.19m as of this morning (16 July), with still 40 days left of the company’s website listing. So far, 188 investors have bought equity in the company, with the largest bidder pledging £575,000.

Operations director Kevin Yates described the response on Crowd Cube as “overwhelming” and said that despite 1Rebel reaching its target early, investors can still grab a slice of the action as further equity is available in return for capital.

The brainchild of James Balfour - son of Fitness First co-founder Mike - and leisure start-up specialist Giles Dean, 1Rebel will comprise a range of boutique fitness studios solely focused on high intensity training. The first site has been secured in central London and is set to launch in October, with Yates revealing that visuals will be released within the next two weeks.
RELATED STORIES
Fitness startup 1REBEL embarks on crowdfunding venture


New fitness startup 1REBEL - a chain of high intensity studios using the ‘pay as you train’ business model - yesterday (1 July) offered the public the chance to invest in the venture through UK crowdfunding site Crowd Cube.
MORE NEWS
Snap Fitness' holding company – Lift Brands – is up for sale
Speaking to HCM, global CEO of Lift Brands, Ty Menzies, has confirmed that the company –  owner of Snap Fitness and Fitness On Demand – is up for sale.
Planet Fitness increases price of basic membership for first time in over 20 years
Planet Fitness has announced the repurchase of 314,000 shares at a rate of US$20 million. The Class A common stocks were repurchased and retired, using cash.
Xponential dumps Geisler as company faces investigation by US Attorney’s Office
Xponential Fitness today indefinitely suspended founder and CEO, Anthony Geisler, saying it had been notified on 7 May that the company is facing a legal challenge by the United States Attorney’s Office for the Central District of California.
Fast Fitness Japan acquires master franchisee rights to Anytime Fitness Germany
Fast Fitness Japan, master franchisee of Anytime Fitness in Japan, has acquired Eighty-8 Health & Fitness, giving the company master franchisee rights to Anytime Fitness in Germany.
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Join us at Elevate from 12-13 June in London for a special one-off live recording of The Game Changers Podcast with Sue Anstiss, CEO of Fearless Women. [more...]

Phil Heath, 7x Mr Olympia, shares machine-only leg workout routine
Phil Heath, professional athlete, bodybuilder and 7x Mr. Olympia, has fielded a lot of questions about bodybuilding without machines. Should bodybuilders be limited to just free weights? Why? [more...]
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Mindbody is the leading business management software for the fitness and wellness industries. [more...]
+ More profiles  
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+ More catalogues  

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+ More directory  
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13-16 May 2024

W3Spa EMEA

Conrad Chia Laguna Sardinia , Italy
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