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UNITING THE WORLD OF FITNESS
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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.

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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 for FREE ezines & magazines
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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Thanks to the rise in popularity of functional zones, there’s been an increased call for turf. We take a look at some of the turf products being installed
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Matrix Fitness is launching MX4 Active to engage the ageing and deconditioned populations. We talk to Steve Barrett, director of global group education and training, to find out more
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New refurbishment featuring Technogym’s Biocircuit sees 27 per cent membership growth in the first six months at Macclesfield Leisure Centre
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Promotional feature
Extracurricular activities are key to keeping students physically and mentally healthy. Working with Legend, the universities of Nottingham and Bristol are working to improve the user experience of their facilities to increase student participation
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Promotional feature
When setting up a new fitness offering, having a point of difference is key. Two businesses tell us how Electro Muscle Stimulation has been successful in helping them to stand out from the rest
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FunXtion has introduced its new Online Coaching Tool, an advanced platform with quality content to help personal trainers work more efficiently.
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Featured supplier: The secrets to designing a stand-out fitness studio
The design and construction of a group fitness or exercise studio can have a big impact on the success of your gym.
Company profiles
Company profile: Proinsight Research Ltd
We take time at the outset to understand your unique customer journey. Then we work ...
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Company profile: Focus Training
Focus Training is a leading provider of Active IQ and YMCA Awards certified Personal Trainer ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Locking solutions
Ojmar: Locking solutions
Audio visual
Hutchison Technologies: Audio visual
Skincare
Comfort Zone - Davines S.p.A: Skincare
Exercise equipment
Matrix Fitness: Exercise equipment
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Professional services
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ResortSuite: Spa software
Member access schemes
Move GB: Member access schemes
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EMD UK: Governing body
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Diary dates
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Locations worldwide,
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JW Marriott Turnberry Resort & Spa, Miami, United States
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