Glofox, a Los Angeles, Calif. – based gym management software company, raised $10M in additional funding.
The additional investment, which came from a new undisclosed investor, brought the total Series A funding to $20M in a round led by Octopus Ventures, with participation from Notion Capital, Partech, Silicon Valley Bank, and Tribal VC.
The company, which has raised $23M in total funding to date, intends to use the funds to continue to expand operations and its business reach.
Founded in 2014 and led by CEO Conor O’Loughlin, Glofox provides a platform that enables gyms and fitness studios to deliver live streaming and premium on-demand content and manage bookings, memberships, payments, scheduling, lead generation, sales, and retention. The platform With a client base that spans 48 countries across the globe. Gyms and fitness studio owners including Tough Mudder Bootcamp, SNAP Fitness, F45 training, Elite Bodyworks, Fit 7/8, 9Round, Greco Fitness, Switch Playground are bringing their workouts online, retaining members, building communities, and managing all aspects of their businesses with Glofox.
FinSMEs
28/04/2020