Perlman and Pasternak advise Silofit on microgym rollout after US$12m investment
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Derby City Council
£26,511 - £29,577pa
Derby
BSIX Brooke House Sixth Form College
£18,039 + £4,095 London weighting
Clapton, London
Coach Gyms
£15k basic + commission + Bonus
Leeds / Harrogate, UK
Everyone Active
Competitive
South Oxhey Leisure Centre, Watford

Perlman and Pasternak advise Silofit on microgym rollout after US$12m investment

Silofit has raised a total of US$12.25m of funding
The investment will support its plans to expand its network of microgyms into key US markets
Canada-based firm currently has 20 "Silos" across Montreal and Toronto
It now plans to create 50 Silos across five US cities
Job opportunities
University of East Anglia
£21,233pa
location: UEA Sportspark, Norwich, United Kingdom
Edinburgh Leisure
£48,801 pa
location: Edinburgh, United Kingdom
Derby City Council
£26,511 - £29,577pa
location: Derby , United Kingdom
more jobs

Silofit has raised a total of US$12.25m of funding, which it will invest in establishing a network of microgyms in key US markets.

The Canadian company turns small office spaces into high-end, private microgyms – which it calls "silos” – which are then used by fitness trainers and their clients, as well as individual gym-goers.

Silofit currently has 20 locations across Montreal and Toronto in Canada and more than 12,000 users and 3,000 trainers who are active on the Silofit app.

The funding is a combination of a US$10.25 Series A round, led by Whitecap Venture Partners and US$2m (CAD$2.5m) worth of debt financing from Silicon Valley Bank.

New investors in the funding round have also provided Silofit with strategic fitness support, with Zumba Fitness founder Alberto Perlman and celebrity trainer and nutritionist Harley Pasternak joining the company as strategic advisors – providing support relating to personal training, gym design, and certification.

The Series A brings the total funds raised by Silofit to date to CAD$19.4m.

The company will use the new funds to support its expansion to the US market, which includes opening 50 new Silos across five US cities, beginning with Miami and Chicago.

Silofit will also be establishing a new, US headquarters in Miami.

Wilfred Valenta, CEO and co-founder of Silofit, said: “This is an exciting time for Silofit with three investors returning for this round of funding, plus the strategic and influential support of notable new investors as we establish Miami as our US headquarters and the first city for our US expansion."

Silofit has also signed a commercial agreement with Technogym, which will see Silofit exclusively use Technogym equipment.

Sign up for FREE ezines & magazines
Silofit has raised a total of US$12.25m of funding, which it will invest in establishing a network of microgyms in key US markets.
HAF,FIT,IND,PTS
2021/THUMB348246_209104_483139.jpg

More News

1 - 15 of 43,531
01 Dec 2021
Boxx has launched a new generation punch bag and smart punch trackers that work with an app to bring expert training, tracking and studio-quality sessions ... More
01 Dec 2021
The Global Wellness Institute (GWI) and BBC Storyworks have struck up a partnership to create a digital film series exploring the true meaning of wellness. ... More
01 Dec 2021
The global wellness economy will grow by 9.9 per cent annually and reach US$7trn by 2025, according to new research by the Global Wellness Institute ... More
01 Dec 2021
Inclusive Fitness Boston, a health club created specifically for those with disabilities and their families, is launching a new programme to provide greater access to ... More
30 Nov 2021
The Women in Fitness Association (WIFA), is partnering with Sport Alliance to undertake a survey on gender diversity, equity, equality and inclusion in the fitness ... More
30 Nov 2021
A fully demountable stadium, designed by Fenwick Iribarren Architects and built from shipping containers, is now open and ready to host games during the FIFA ... More
Miha Bodytec GmbH
Miha Bodytec GmbH
21 Nov 2021
Location and cost are the top considerations for consumers when it comes to choosing a health club – while concerns about being around unvaccinated people ... More
26 Nov 2021
Two leading museum operators in the UK have partnered with an augmented reality specialist to present holographic exhibits and experiences for students around the world. ... More
26 Nov 2021
Increases in COVID-19 cases across Europe are forcing governments to introduce restrictions, which is having an impact on some parts of the Continent's health and ... More
26 Nov 2021
Exercise has been found to increase levels of endocannabinoids – cannabis-like substances produced by the human body – which in turn helps reduce inflammation and ... More
26 Nov 2021
People suffering from mild depression should be offered exercise, mindfulness, therapy or meditation before medication, such as antidepressants. New draft guidance, published by the National ... More
25 Nov 2021
Total Fitness plans to launch a new-style health club model, with plans already in the development stages, according to Total Fitness CEO, Sophie Lawler. Speaking ... More
Les Mills
Les Mills
25 Nov 2021
Fitness operator Crunch Fitness says it's continued its recovery from lockdowns, with membership levels across its franchised estate now exceeding pre-pandemic levels. Crunch said that, ... More
25 Nov 2021
The City of Madrid could become one of the healthiest in the world if plans by the council come to fruition. The local government has ... More
24 Nov 2021
Luxury health club operator, Third Space, has opened the doors to its latest club in Mayfair, London. Designed by Virgile & Partners Architects, the club ... More
FIBO Exhibition
FIBO Exhibition
1 - 15 of 43,531
Miha Bodytec GmbH
Miha Bodytec GmbH