NEWS
Glofox raises US$10m to fund US expansion
POSTED 14 May 2019 . BY Tom Walker
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."
RELATED STORIES
Irish fitness tech start-up secures funding for US expansion


Boutique fitness software solutions provider Glofox has secured a major cash injection as the firm revs up for an expansion into the US market.
 


CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Leisure Management - Glofox raises US$10m to fund US expansion...
15 Jul 2019 Leisure Management: daily news and jobs
 
 
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
Leisure Management
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Rollercoaster dedicated to Pittsburgh Steelers opens at Kennywood
Rollercoaster dedicated to Pittsburgh Steelers opens at Kennywood   15 Jul 2019

A new record-breaking ride dedicated to American Football team the Pittsburgh Steelers has come to Kennywood in Pennsylvania, US. Named after the .... more>>
Jurassic World - The Ride opens at Universal Hollywood
Jurassic World - The Ride opens at Universal Hollywood   15 Jul 2019

Revamped and completely reimagined, Universal's popular Jurassic Park thrill ride has undergone a full rebranding and retheming as Jurassic World – .... more>>
2020 opening schedule announced for new jungle habitats at Auckland Zoo
2020 opening schedule announced for new jungle habitats at Auckland Zoo   15 Jul 2019

New Zealand's Auckland Zoo has revealed a timetable for opening each part of its new South East Asia Jungle Track project ‒ a NZ$58m (US$39m, €34.6m, .... more>>
ClassPass accelerates European growth plans – appoints UK GM
ClassPass accelerates European growth plans – appoints UK GM   15 Jul 2019

Fitness subscription platform ClassPass has appointed a UK general manager as it looks to grow its presence on the British market. The appointment .... more>>
Borgo Egnazia partners with Blue Zones for retreats
Borgo Egnazia partners with Blue Zones for retreats   15 Jul 2019

Italy’s Borgo Egnazia has become the first hospitality partner to offer Blue Zones Retreats certified by the Blue Zones Institute. Founded by Dan .... more>>
Fivelements Habitat opens in Hong Kong
Fivelements Habitat opens in Hong Kong   15 Jul 2019

Integrated wellness lifestyle company Fivelements has officially launched its new urban wellness concept, Fivelements Habitat, with the opening of the .... more>>
Company profile


TVS Group

Our company was established in April 2009 and this year marks our 10 year anniversary.

View full profile>>

Catalogue gallery


Featured Supplier

Moving with ease and style

Moving with ease and style

Beauty therapists getting dressed for work in the morning need a quick, hassle-free comfortable uniform solution. More>>




in this issue

• Merlin sold in US$7.49bn mega deal
• Rathbone Boxing Club opens in London
• Serpentine Pavilion opens to thje public



Latest jobs

Jobs Search



Personal Trainer
Location: Dundee
Company: énergie group
Lifeguards
Salary: Competitive
Location: Vauxhall Bridge Road, London, UK
Company: Everyone Active
Leisure Centre Manager
Salary: Grade J £32,878 - £36,876 a year pro rata
Location: Derby, UK
Company: Derby City Council
Diary dates
Powered by leisurediary.com




15-17 Jul 2019

IAAPA Institute for Attractions Managers

tbc, Manila, Philippines



Leisure Management magazine 2018 issue 1
Leisure Management
2018 issue 1

View issue contents
View on turning pages
Download PDF
  Fitness: Hybrid fitness
ESPA Life at Corinthia's 'revolutionary' new fitness service, BodySPace More>>
  Tourism: Right to roam
Sweden is inviting everyone to come and stay – and indulge in a spot of wild camping. Jenny Kaiser from VisitSweden talks about the initiative More>>


Leisure Management magazine 2016 issue 1

Leisure Management
2016 issue 1

View issue contents
View turning pages
Download PDF
  Visitor profiles: Beyond demographics
Gerri Morris, of Morris Hargreaves McIntyre, on defining cultural consumers More>>
  Social good: Winds of change
Learn about the Change Foundation and the opportunities it creates 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