Silofit pulls in seed funding
Summary
Montréal, Québec – November 21, 2019 – Silofit, the world’s first network of private fitness spaces, today announced that it has raised $1 million in seed funding. Leveraging technology to fuel its growth, Silofit has established itself as the world’s first network of private fitness spaces and is focused on improving the end-to-end experience for wellness professionals and their clients. Ahead of the booked session, users receive instructions for using the “Silo,” including a unique access code to unlock the door. With support from our investors, we are now very well positioned to build on this momentum we are seeing in the market and expand our operations to meet the growing demand.” Since its launch in January 2018, Silofit has developed its reservations app and established two micro-gyms in downtown Montreal, both of which get fully booked on a weekly basis. “Shifting from the traditional large gym to the micro-gym concept while managing the service provider’s business through its app, Silofit is at the forefront of a massive opportunity in the fitness industry.” “Based on the early success and strong utilization of Silofit’s first micro-gym spaces, it’s clear that their approach is unique and the demand for such an offering is incredibly underserved,” said Deepen Parikh, partner at Courtside Ventures.
Funding
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