OneFit Secures € 4.25 Million Series A financing led by INKEF Capital.
Dutch fitness startup achieves hyper growth and is now speeding up European expansion.
Amsterdam, 1 May 2018.
OneFit, the leading health & fitness aggregator in the Netherlands, today 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.
European market leader
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.”
One Fit Planet
“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’.”.
OneFit was founded in 2012 by Serge Brabander and Camille Richardson. The company is based in Amsterdam and Hamburg and employs 35 people. Their mission is simple but impactful: ‘One Fit Planet’. The OneFit app is available in the App Store and Google Play Store. For more information: www.one.fit
INKEF Capital is an Amsterdam-based venture capital firm that focuses on long-term collaboration and active support of innovative technology companies. INKEF Capital was founded in 2010 by Dutch pension fund ABP and with €500 million under management it is one of the largest venture capital funds in the Netherlands. INKEF focuses on investment opportunities in Healthcare, Technology, IT/New Media & FinTech. For more information: www.inkefcapital.com