Tech Company Financing Transactions
Fit Hub Funding Round
BAce Capital, East Ventures and Global Founders Capital participated in a $6.5 million Seed venture round for Fit Hub. The financing was announced by the company on 4/10/2023.
Transaction Overview
Company Name
Announced On
4/10/2023
Transaction Type
Venture Equity
Amount
$6,500,000
Round
Seed
Investors
Proceeds Purpose
The funding will expand Fit Hub's offline and online presence, offering free workout content and e-commerce for healthy foods, apparel, workout equipment, and supplements. Fit Hub aims to address challenges in Indonesia, such as high membership fees and limited access to quality facilities, by opening 100 clubs by year-end. The Company continues to recruit talented individuals to join the expanding team.
Company Information
Company Status
Private & Independent
Industry
Consumer
Mailing Address
Menara Sudirman lieutenant 8 Unit D Kav 60, Jalan Jend. Sudi
South Jakarta, 12830
ID
South Jakarta, 12830
ID
Phone
Website
Email Address
Overview
Public awareness to stay FIT and the need for fitness is increasing, but they have difficulty accessing fitness centers at affordable prices. This is the initial idea of ??FIT HUB. FIT HUB exists as a Premium and Affordable Gym in Indonesia with a mission to provide easy access to Health and Wellness for everyone, not just fitness enthusiasts. To increase member comfort, FIT HUB provides premium facilities with modern area designs, and unlimited classes such as Zumba, Yoga, Pound Fit, Cycling, and various other classes for weight training in a comfortable atmosphere. FIT HUB also provides Personal Trainer assistance at an affordable price.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Melvin Hade
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