KFit Raises Seed Funding Round

kfit-logoKFit, a fitness-sharing platform for Asia Pacific, raised a seven-figure US-dollar seed funding round.

Backers included 500 Startups, SXE Ventures and Founders Global; Daniel Shin, founder and CEO of Ticket Monster Inc.; and Danny Yeung, former CEO of Groupon Hong Kong.

The company intends to use the funds to continue to expand operations.

Led by founder Joel Neoh, former Head of Groupon in Asia Pacific, KFit connects consumers and health and fitness businesses to allow people to keep fit through an all-access membership that gives access to local gyms, studios and other facilities.
Launched in April 2015 in Kuala Lumpur and Singapore, KFit is opening in Hong Kong this month and will be extended to Melbourne, Sydney and Auckland, and other cities soon.
As of early-May, it had more than 500 partners offering more than 10,000 classes a week and more than 100,000 fitness and activity slots per month.



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