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Les Mills
Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Hussle's crowd-funding 'overfunded' within days

Online fitness marketplace Hussle has reached overfunded status within days of launching its first ever crowdfunding campaign.

The campaign had hoped to raise £1m from its customers, as part of a wider £8m investment from existing investors.

After an initial private launch, which was restricted to members of the fitness network, the crowdfunding campaign is currently approaching £1.4m and is now expected to close early.

Those investing in the company through the crowdfunding push will join a long list of investors, which includes Channel 4, Concentric, MMC and Albion VC.

According to Hussle CEO, Jamie Ward, the company is set for double digit growth in 2020, as it looks to further expand its reach and operations.

"Our mission is to create a globally trusted fitness brand that helps people make life work out,” Ward said.

To date, Hussle has generated around 2.5 million gym visits from half a million people. The company has partnered with almost 40 per cent of all gyms and health clubs in the UK.

Formerly called PayAsUGym, the company rebranded in May 2019 and since then has secured a number of partnership deals with the likes of telecoms firm Three, retail giant Tesco and budget hotel chain Premier Inn.

Hussle 
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Rachael Blumberg

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Gita Sjahrir

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We became the first boutique fitness brand in all of Southeast Asia to ever raise venture capital backing. This was positive for the industry as it signalled that the industry had growth potential
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News

Hussle's crowd-funding 'overfunded' within days

Online fitness marketplace Hussle has reached overfunded status within days of launching its first ever crowdfunding campaign.

The campaign had hoped to raise £1m from its customers, as part of a wider £8m investment from existing investors.

After an initial private launch, which was restricted to members of the fitness network, the crowdfunding campaign is currently approaching £1.4m and is now expected to close early.

Those investing in the company through the crowdfunding push will join a long list of investors, which includes Channel 4, Concentric, MMC and Albion VC.

According to Hussle CEO, Jamie Ward, the company is set for double digit growth in 2020, as it looks to further expand its reach and operations.

"Our mission is to create a globally trusted fitness brand that helps people make life work out,” Ward said.

To date, Hussle has generated around 2.5 million gym visits from half a million people. The company has partnered with almost 40 per cent of all gyms and health clubs in the UK.

Formerly called PayAsUGym, the company rebranded in May 2019 and since then has secured a number of partnership deals with the likes of telecoms firm Three, retail giant Tesco and budget hotel chain Premier Inn.

Hussle 
Sign up for FREE ezines & magazines
Related news

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News

The Gym Group has confirmed plans to roll out a new small box format in
Representatives from the three main political parties have backed the view that physical activity has
Life Leisure is expanding its facility portfolio with the launch of an independent boutique fitness
Almost half of children and young people (46.8 per cent) in England are doing the
A local fitness operator with 11 clubs in Chicago, US, is looking to muscle in
Fitness industry veteran Nick Coutts has been appointed chair of Danish fitness tech firm Motosumo.
Les Mills
Les Mills
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SoulCycle chief executive Melanie Whelan has resigned from her role, capping off a challenging few
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Global Wellness Summit
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Features
Active ageing
The 2019 Moving Communities report highlighted that the silver pound could drive significant growth in public leisure. Operators are capitalising on this potential revenue stream, but uptake is slow. Utku Topraksevten investigates
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I was seeing a lot of bad pad work and poor teaching in gyms, which broke my heart but spurred me on to develop a dedicated course for boxing technique
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Featured supplier news
Featured supplier: Harlands Effect: Make Your Business More Profitable
Harlands Group is a membership management service for health and fitness operators, which interacts directly with members to effectively manage membership payments.
Featured supplier news
Featured supplier: Wattbike Studio makes lasting impact on business at Holme Pierrepont
Since installing its new Wattbike indoor cycling studio last year, Holme Pierrepont Country Park, a Serco Leisure site that’s the home of the National Water Sports Centre, has seen a significant increase in cycle studio usage.
Video Gallery
Harlands Group testimonial
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More videos:
Company profiles
Company profile: TVS Group
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