LegitFit secures $1.04 M in a seed funding round to expand in the U.K.

Date: 2022-09-10   Author: Saipriya Iyer  Category: #market

LegitFit secures $1.04 M in a seed funding round to expand in the U.K.

LegitFit, a well-known gym and studio software startup based in Cork, Ireland, has reportedly raised $1.04 million (€1 million) in a seed funding round for U.K. expansion.

Apparently, it has now raised a total of $1.6 million since its launch in 2019.

The funding round was led by Delta Partners, and the new fund will be used to accelerate the firm’s expansion in the U.K. market. Its goals include expanding its user base in the following year and pursuing opportunities including franchises and chains. 

For the record, LegitFit was founded by Ian O'Sullivan, Ryan O'Neill, and Gearoid Collins. It offers services, such as company administration software to gyms, and studios, as well as independent fitness instructors, including member management, payments, scheduling, and communications, as well as a website builder.

The software firm has customers in 15 different nations. For the upcoming stage of development, the firm intends to focus on the U.K. market and aims at growing its team, and its marketing department.

Ryan O'Neill, co-founder, and CEO addressed the funding as a milestone for the company. O'Neill added that since graduating from TechStars last year, the company has been aggressively hiring new employees.

Apparently, LegitFit had 11 or 12 individuals when it started, and the team has now doubled in the last year. It is pursuing investments in the product as well as the customer experience while driving the U.K. expansion.

Sources also reveal that a large number of opportunities have been coming from Britain. It is also worth noting that LegitFit will keep on targeting users of competitive software in the Irish market and beyond, as well as those without a system in place.

For the unversed, Delta Partners' investment was a significant step forward for the firm, with O'Neill quoting general partner Richard Barnwell's history as a founder as one of the major aspects in selecting the investors.

Barnwell has also founded Digit Games Studios as well as Jolt Online Gaming.

Source credit: https://www.irishtimes.com/business/2022/09/09/legitfit-raises-1m-in-seed-funding-round/



About Author


Saipriya Iyer linkdin-boxtwitter

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

Read More

Post Recommendents

Sterilization Equipment Market - Demand Analysis and Trends Insights to 2026

Author: Rahul Varpe

A highly analytical qualitative as well as quantitative evaluation of the Sterilization Equipment Market has been covered in this report. The study evaluates the myriad aspects of this industry by taking into consideration its historical and forec...


Electrosurgical Generators Market by Development Status and Regional Analysis to 2026

Author: Rahul Varpe

An extremely definite evaluation of the Electrosurgical Generators Market in terms of qualitative as well as quantitative analysis has been covered in this report. The myriad aspects of this industry, having considered its historical and forecast ...


Depyrogenated Sterile Empty Vials Market to 2026 - Trends, Demand and Growth Projections

Author: Rahul Varpe

The report overall depicts the potential opportunities for the Depyrogenated Sterile Empty Vials Market till the year 2026 based on SWOT analysis, growth strategies by the major vendors prevalent in the current scenario, surveys highlighting the c...