Tech

Fitr. Training Secures Pre-Seed Investment of £ 920,000 From Investors Including Mat Fraser – UK Technology Investing News

NEWS // London, UK (20th April 2022) – Suitable training, the global SaaS company providing unique all-in-one remote coaching software, announces the closure of its highly anticipated fundraising round with subscriptions in excess of $ 1,200,000. Fitr Training has generated interest from institutions, private investors and high-profile industry players, including CrossFit sports legend Mat Fraser. The additional cash reserves provide liquidity for the company to further increase its active user base, develop additional functionality within the platform, and increase staff to focus on direct customer acquisition.

Fitr Training was launched in 2019 and has developed a remote coaching software platform that allows coaches to create globally scalable online scheduling activities. Fitr Training was born from an idea of ​​the tech entrepreneur, Leon Cassidy. As part of the round, Mat Fraser and his longtime business partner and HWPO CEO Matt O’Keefe have now joined the Fitr Training Board of Directors, adding further industry influence to the senior management team.

Demand for distance learning and coaching plans has exploded in recent years, further strengthened by the global pandemic. Fitr Training has seen an impressive year of growth with YOY growth in coach-generated income rising 90% to $ 2.4 million. The platform serves global brands and companies to address the common problems faced by coaches as they scale and grow online training businesses and provide solutions to help them save time and earn more.

HWPO, Fraser’s programming business is the latest in a line of prestigious coaching platforms powered by Fitr Training software and joins other major brands, including Eleiko, Gymshark Lifting Club, Invictus, Battle Cancer, WIT Fitness, The Athlete Program, Archon, Prepared Programming and JST Compete.

Fitr Training CEO and founder Leon Cassidy comments “The closing of this round is extremely exciting for us, 2021 has been a year of incredible growth with a number of big moves from leading providers of athletic coaching and individual coaches. The additional cash reserves provided in this round will allow us to massively increase our investment in infrastructure and platform development, pursue more aggressive customer acquisition and build on the progress made over the past year.

It’s a big endorsement of the platform with industry legend Mat Fraser putting his seal of approval on the product alongside other key players in the industry. We have always said that our product is the only one on the market that truly offers a solution to allow coaches to deliver amazing schedules, scale them quickly and manage back office and payment channels that traditionally have limited growth potential and we see it as market in agreement with us “

Matt O’Keefe, CEO of HWPO states “We are more than excited to participate in this round and look forward to seeing Fitr Training continue to increase its market share. Our decision to rely on Fitr Training for the development of the standalone platform for HWPO comes at the end of a thorough and in-depth analysis of the available suppliers and through this process we have formed an excellent opinion of the management team and the market opportunity. for this enterprise “.

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Fitr Workout Information:

Suitable training is a global SaaS company founded in 2019 and is revolutionizing the online remote coaching and programming space by providing a turnkey solution to create, sell, manage and grow online remote coaching businesses for trainers, coaching brands, gyms, companies and physiotherapists.

Fitr Training was created from the ground up by industry veterans to provide a single, specific platform that puts technology to work like no other coaching software. Most coaches need to manage multiple different platforms for their remote business, while Fitr Training’s innovative services work perfectly to manage everything in one place. Fitr Training removes cumbersome multi-channel operations, coaches spend less time managing back-office functions leaving more time to build and grow their businesses and to make more money.

Fitr Training has some of the most internationally recognized brands and coaching programs on its client roster, including HWPO, Gymshark Lifting Club, WIT House LDN, Turf Games, JST Compete, Battle Cancer and Invictus Training, just to name a few. .

In 2020, Fitr Training expanded its user base by 1000% and in 2021 launched an excess fundraising round, Fitr Training is fast establishing itself as the go-to platform for high-performance scaling programming activities.

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Fitr. Training Secures Pre-Seed Investment of £ 920,000 From Investors Including Mat Fraser – UK Technology Investing News

Source link Fitr. Training Secures Pre-Seed Investment of £ 920,000 From Investors Including Mat Fraser – UK Technology Investing News

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