OneFit secures € 4.25 million Series A financing led by INKEF Capital
OneFit, a health & fitness aggregator in the Netherlands, has announced the closing of a € 4.25 Million Series A round led by venture capital firm INKEF Capital.
Peak Capital, already invested since September 2016, also participated in this round. OneFit will use the investment to fund the company's expansion into more European cities and to drive product innovation.
The OneFit app offers users one-click-booking to over 15,000 yoga and fitness classes weekly. Members can join these group workouts or check in for individual training at over 600 different studios and gyms.
The company is currently active in the Dutch cities of Amsterdam, Rotterdam, The Hague and Utrecht. In Germany, OneFit successfully launched in Cologne and recently opened in Hamburg.
OneFit has been experiencing significant traction, reaching 1 Million workouts last February.
Kyang Yung, Investment director at INKEF, commented: “Since OneFit launched it’s subscription service in 2015 they have shown impressive growth. With over 40% of new users coming from referrals they clearly have built a service that consumers love. This company is dedicated to really helping people enjoy their exercise. We look forward to supporting OneFit to become the European market leader.”
“Technology has made our lives easier but it can also lead to mental overload and less physical activity”, says Serge Brabander, CEO of OneFit.
“We want to turn the tables and use technology to help our members stay fit. It is exciting to see so many OneFit members discover new workouts, connect with workout buddies and meet the expert trainers we represent. The financial support of both INKEF and Peak Capital will enable us to bring the sweat and the joy of OneFit to many more European cities and to make further steps in creating ‘One Fit Planet’.”