Silofit Raises $10.25 Million in Series A Funding to Expand its Network of Micro-Gyms to Key US Markets
Silofit today announced that it has raised US$10.25 million (CAD$12.75 million) in Series A funding, along with US$2 million (CAD$2.5 million) in debt financing from Silicon Valley Bank.
- Silofit today announced that it has raised US$10.25 million (CAD$12.75 million) in Series A funding, along with US$2 million (CAD$2.5 million) in debt financing from Silicon Valley Bank.
- The Series A brings the total funds raised by Silofit to date to CAD$19.4 million.
- Silofit turns small office spaces into high-end, private micro-gyms (Silos) that are used by fitness trainers and their clients, and individual gym-goers.
- Silofit currently has 20 Silos across Montreal and Toronto and more than 12,000 users and 3,000 trainers who are active on the Silofit app.