Home Health Fitness Glofox Raises $10M For Fitness Studio Management Platform
Fitness - May 15, 2019

Glofox Raises $10M For Fitness Studio Management Platform

Irish businessman Conor O’Loughlin has a completely unique set of pastimes: pc science and rugby. After suffering damage that in advance ended his expert rugby days, he channeled his electricity into building a fitness-centered startup known as Glofox.

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His corporation, which sells software to boutique fitness studios, currently picked up a $10 million Series A. The round changed into led by means of Octopus Ventures, with participation from Partech, Notion Capital, and Tribal VC. It brings Glofox’s overall regarded investment to approximately $12.7 million.

For readers careworn with the aid of millennial health lingo, let’s damage it down.

There are gyms–like Crunch, 24 Hour Fitness, and Equinox (for the bougie types)–after which there are so-called “boutique fitness studios.”

Boutique health studios usually focus on one specialized location of health from yogalates to CrossFit. This category can include large chains like Soul Cycle and smaller spots like boxing gyms and Bikram yoga studios.

“In the traditional health club, someone purchases an annual membership and the gym hopes they don’t show as much as maintain space at a minimal, and it’s a completely remoted enjoy,” O’Loughlin stated. “With boutique [fitness]…it’s very an awful lot group- and community-themed, and there’s an extra social issue to it.”

That issue units boutique health studio owners aside when it comes to customer and management software program, he said. It’s also why he thinks his product can compete with Mindbody, an extra usual software issuer that works throughout segments including salons, health, dog grooming, and fitness and wellness.

“We’re being extraordinarily slender in our target audience,” he said. “It’s very applicable to the boutique health studio model, that is extra pushed round engagement… it’s extraordinarily centered on how boutique health studio owners can build and develop their enterprise.”

Glofox’s product offers owners more branding manipulate that’s integrated into studios’ apps, together with features that permit for membership flexibility like trials. The software additionally consists of member insights, that may assist owners to predict attrition, coupled with CRM and customer engagement tools.

While the business enterprise wouldn’t share unique revenue metrics, O’Loughlin instructed Crunchbase News that Glofox processed over $one hundred million in bookings on its platform final year. More than 1.5 million customers use the Glofox platform and apps, stated O’Loughlin.

Originally based totally in Dublin, Glofox operates in over forty international locations. The company’s foremost HQ is now in Los Angeles and it is focusing on its U.S. Enlargement. This purpose is one of the motives Octopus Ventures (based totally in London and New York) turned into a good fit, O’Loughlin said. With 50 percent of Glofox’s revenue and nearly two-thirds of its new leads coming from studios within the U.S., that’s in all likelihood an excellent flow.

So You Wanna Be a Fitness Model?

People that observe my stuff understand I normally write approximately nutrients, supplements, schooling, and different topics which are more technology-based than subjective subjects, including what’s blanketed in this text. I decided to shuck my technology geek persona, and write on a topic I know might be beneficial to heaps of could be and want to be health fashions.

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