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Active IQ
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Irish fitness tech start-up secures funding for US expansion

Boutique fitness software solutions provider Glofox has secured a major cash injection as the firm revs up for an expansion into the US market.

The Dublin-based firm, which supplies business management software to around 170 boutique fitness studios in Europe, has raised €500,000 (US$560,000, £385,000) in an early stage funding round to support US market entry and further development of their product. The round consisted of €250,000 (US$280,000, £192,000) in funding from Enterprise Ireland’s High Potential Startup Unit (HPSU) – co-matched with an additional €250,000 from private investment firm, Growing Capital.

The brainchild of former professional rugby player turned entrepreneur Conor O’ Loughlin, Glofox is a booking, payment and membership management platform for gyms and fitness studios.

Co-founder and CEO O’Loughlin believes the simplicity of the software will serve it well in US market, which has been the catalyst for the global boom in boutique fitness concepts.

“Members can book and pay for services with ease via a mobile app, with their app customised for each individual studio,” he said.

“This drives revenue, assists greatly with retention and reduces the significant administrative cost of manually managing exercise classes. It also mitigates lost revenue in 'no shows' for class bookings.”

Glofox, which charges clubs a monthly retainer fee of between €80 (US$90, £62) and €150 (US$168, £115), currently employs 10 full-time staff, with plans to grow the team to 16 in the next 18 months to support the company’s growth.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Boutique fitness software solutions provider Glofox has secured a major cash injection as the firm revs up for an expansion into the US market.
HAF,FIT,IND,PHR,TEC
THUMB7816_607585.jpg
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News

Irish fitness tech start-up secures funding for US expansion

Boutique fitness software solutions provider Glofox has secured a major cash injection as the firm revs up for an expansion into the US market.

The Dublin-based firm, which supplies business management software to around 170 boutique fitness studios in Europe, has raised €500,000 (US$560,000, £385,000) in an early stage funding round to support US market entry and further development of their product. The round consisted of €250,000 (US$280,000, £192,000) in funding from Enterprise Ireland’s High Potential Startup Unit (HPSU) – co-matched with an additional €250,000 from private investment firm, Growing Capital.

The brainchild of former professional rugby player turned entrepreneur Conor O’ Loughlin, Glofox is a booking, payment and membership management platform for gyms and fitness studios.

Co-founder and CEO O’Loughlin believes the simplicity of the software will serve it well in US market, which has been the catalyst for the global boom in boutique fitness concepts.

“Members can book and pay for services with ease via a mobile app, with their app customised for each individual studio,” he said.

“This drives revenue, assists greatly with retention and reduces the significant administrative cost of manually managing exercise classes. It also mitigates lost revenue in 'no shows' for class bookings.”

Glofox, which charges clubs a monthly retainer fee of between €80 (US$90, £62) and €150 (US$168, £115), currently employs 10 full-time staff, with plans to grow the team to 16 in the next 18 months to support the company’s growth.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Boutique fitness software solutions provider Glofox has secured a major cash injection as the firm revs up for an expansion into the US market.
HAF,FIT,IND,PHR,TEC
THUMB7816_607585.jpg

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The UK’s first dedicated leisure development framework has completed its first four-year term with £144m committed investment in public leisure projects.
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Featured supplier news
Featured supplier news: Connect for success with Precor
Members are returning post-lockdown expecting a fully integrated service, meaning digital connectivity has never been more important.
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Featured supplier news: Cryotherapy specialists, L&R Kältetechnik, launch new artofcryo.com division
L&R Kältetechnik has launched a new division, named artofcryo.com, after 30 years’ experience with -110 °C electrical solutions.
Company profiles
Company profile: Life Fitness
The Life Fitness family of brands offers an unrivalled product portfolio, providing customers with access ...
Company profiles
Company profile: Fisikal Limited
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Catalogue Gallery
Click on a catalogue to view it online
Directory
Exercise equipment
Pendex Fisio S.L.: Exercise equipment
Skincare
Sothys: Skincare
Uniforms
Service Sport: Uniforms
Trade associations
International SPA Association - iSPA: Trade associations
Whole body cryotherapy
Art of Cryo: Whole body cryotherapy
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Salt therapy products
Saltability: Salt therapy products
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Architects/designers
Zynk Design Consultants: Architects/designers
Wearable technology solutions
MyZone: Wearable technology solutions
Property & Tenders
Diary dates
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Diary dates
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Diary dates
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