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Les Mills
Les Mills
Les Mills
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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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HCM Magazine
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Hussle’s new Membership Conversion Service proactively turns Hussle customers into direct club members, encouraging them to join clubs they attend regularly
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Interview
As gyms reopen in the UK a new brand is launching that plans to take the boutique market by storm
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I don’t think we can point to any club in America that’s doing better now compared to pre-pandemic times
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Featured supplier news
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Over the last year, fitness and wellness organisations have faced challenges like never before. When gyms closed and members needed alternative support to keep up their health and wellbeing routines, Gympass swiftly pivoted its business model to offer a wealth of digital solutions for its partners.
Company profiles
Company profile: Venueserve Fitness
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Catalogue Gallery
Click on a catalogue to view it online
Directory
Lockers/interior design
Fitlockers: Lockers/interior design
Management software
Premier Software Solutions: Management software
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Precor: Fitness equipment
Spa software
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Red Light Therapy
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Diary dates
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Diary dates
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Les Mills
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