Gymbox Raises £2M From Octupus Ventures

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Octopus Capital for Enterprise Fund (OCfE).Gymbox , a London-based health club business, has received an £1.3m investment from Octopus Ventures via its £30m The capital infusion will be used to finance additional new Gymbox sites, initially within London and then in the UK.The company currently operates gyms in three locations in London: Holborn, Covent Garden and Bank.Gymbox was founded in 2000 by Richard Hilton, MD, who has built the firm to a turnover of £4.2m and EBITDA of £1.0m in the year to 31 October 2009.FinSMEs 22/04/2010

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