Fitmob, a San Francisco, CA-based provider of a fitness platform, raised $5m in funding.
Backers included 92 individual members of the AngelList Syndicate led by Paige Craig ($750k), as well as Mayfield Fund, Sean Moriarty, John Troiano, Arjun Rao, Jonah Goodhart, Powder & Fitness to the People, Phil Kaplan, Narendra Rocherolle, Vast Ventures, Expansion VC, BAM Ventures, Queensbridge Capital, Rocketship.vc, Mark Britto, Structure Capital, Venture51, Pi Capital, Rachel Aram and Kapoor.
The company, which had previously raised a $9.75m, intends to use the funds to expand into new cities.
Co-founded by Raj Kapoor and Paul Twohey, Fitmob offers unlimited access to studios classes, gyms and fitmob-exclusive workouts for a monthly price.
It is currently present in seven cities, which includes the San Francisco Bay Area, San Jose, Austin, Dallas, Portland, Seattle, and Philadelphia.
FinSMEs
07/01/2015