30 Jan Fitness solution Membr surpasses £4M in total funding
We are thrilled to announce that Membr closed off a further round of equity funding at the end of 2018 that took the total raised in the calendar year to £1.46M, led by London-based private capital firm 24Haymarket.
“We are excited to partner with Membr on their next stage of growth. Jack and his team have been successful in expanding the product’s reach internationally, into Europe and the growing Asian Pacific markets and our capital and experience will support them in growing their technology, product and distribution even faster,” commented Mark Ransford of 24Haymarket.
The funding will be used to assist further expansion into the Asian Pacific region following widespread success in Europe.
In 2016, Membr secured a global contract to deploy its gym management software across the customer base of one of the world’s largest franchised groups of health and fitness clubs. Continuing to build on this rapid growth in the fitness sector, 2017 saw Membr enter into another global contract, this time to license its fitness app for resale through one of the world’s largest manufacturers of fitness equipment.
Currently Membr monitors the gym usage of 2.3 million members, a user base that has doubled year on year.
Membr was co-founded by Jack Malin and Dave Rushton after witnessing significant problems with retention in the health and fitness industry. As a cloud based product, Membr allows gyms to embrace new technology enhancing the management of their member base with core functionality such as billing, reporting, membership management and access control while also engaging with members on a fitness and retention level.
“We’re an innovative and progressive company within the club, fitness and health software market,” added Jack Malin, CEO and co-founder. “We offer a best-of-breed health and fitness application that is fully aligned with the needs of gym management teams and our product works across 12 languages and with 4 payment billing systems.”
“We are currently operating in 14 countries and have signed contracts to deploy our product and service across Japan, Indonesia, and China in early 2019. Membr enables a gym operator to easily complete operational tasks whilst engaging with their customers on a fitness level that drives engagement, adds value to the customer and ultimately increases retention.”
Analysis of data gathered from gym owners has shown that the Membr solution decreases attrition rates and increases customer engagement.
The complete cloud-based solution is available to individual and group gym owners, but also individuals for personal use.