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Today: May 17, 2024
January 18, 2024
1 min read

Empowering Fitness Pros: Harbiz Secures €5M Investment for Digital Transformation

TLDR:

– Madrid-based Harbiz has secured €5m ($5.8m) in a funding round led by Octopus Ventures, for expanding its presence in the UK and German markets, improving its product offering to fitness experts and developing AI tools to enhance the customer experience.
– Currently, Harbiz operates in over 35 countries, helping more than 6,000 fitness professionals cater to over 120,000 clients.
– The startup, founded in 2020, aims to simplify the work of wellness professionals and enable them to scale their businesses by providing a single platform for managing their entire business, including exercise routines, planning, communications, client bookings, and progress tracking.

Madrid-based Harbiz has secured €5m ($5.8m) in a funding round led by Octopus Ventures, with participation from JME Ventures, Athos Capital, and Enzo Ventures. The funds raised will be used to strengthen Harbiz’s international presence, focusing on the UK and German markets. The company aims to consolidate its growth in these markets and attract international talent. It will also use the funding to fuel its go-to-market strategy of product-led growth, as well as to strengthen its innovation and research efforts. The startup plans to integrate AI tools into its platform to enhance the user experience. Harbiz currently operates in more than 35 countries and helps over 6,000 fitness professionals manage their clients online. The startup was founded in 2020 and has shown exponential growth, doubling its turnover compared to the previous year. The funding round will enable Harbiz to continue its growth and become a global leader in the fitness industry.

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