Funxtion, an Amsterdam, Netherlands-based B2B SaaS digital fitness content platform company, announced that it raised €5.8 million in Series A funding.
The round was backed by Lexar Partners and current shareholders.
The company will use the investment to accelerate the innovation of its platform and fuel rapid international expansion.
“We believe that a hyper-personalized, omnichannel member experience is the future of fitness. With this funding, we will invest in the intelligence of our platform by leveraging the power of data science, machine learning, and AI, enabling our clients to provide personalized digital fitness experiences at scale,” Ernst de Neef, Co-Founder, and CEO at Funxtion said.
Company: Funxtion International, B.V.
Raised: €5.8M
Round: Series A
Funding Month: September 2022
Lead Investors: Lexar Partners
Additional Investors:
Company Website: https://funxtion.com/
Software Category: B2B SaaS digital fitness content platform
About the Company: Founded by fitness industry experts Ernst de Neef and Mendel Witzenhausen, Funxtion is a B2B SaaS digital fitness content platform company that empowers fitness operators around the world to provide their members with personalized digital fitness experiences at scale The Funxtion platform houses an ever-expanding library of premium and white-labeled digital fitness content in the form of virtual classes, workouts, and training plans, and it comes with built-in customization tools and delivery device integration software. The Funxtion platform is an open ecosystem that can be integrated with membership management and other digital fitness applications enabling operators to distribute content from multiple providers through their choice of delivery channels. The company currently supports fitness operators in more than 27 countries with its intelligent content platform and digital delivery solutions.
Source: https://funxtion.com/press-blog/funxtion-raises-series-a-funding/