KFit, a Singapore-based mobile platform to discover and reserve fitness activities, raised US$12m in Series A funding.
The round was led by Venturra Capital, with participation from SIG and Axiata Digital Innovation Fund as well as earlier investors Sequoia Capital India and 500 Startups.
The company intends to use the funds to invest in the technology, operations and marketing to consolidate its position in the Asia Pacific region, going beyond fitness, with upcoming new categories, activities, and pricing models to be added this year.
Founded in April 2015 by Joel Neoh, KFit enables users to discover and reserve fitness activities in their city, online or from their mobile phone by partnering with gyms, fitness studios, and health wellness businesses, aggregating the supply of over 300,000 different activities every month.
The company is currently expanding to more than 10 cities in eight countries including Seoul, Taipei, Manila, Auckland and Perth. Yo date, it has facilitated over 250,000 reservations to date.