Netpulse, a San Francisco, CA-based digital platform for the fitness industry, secured $18.6m in new funding.
The round was led by Nokia Growth Partners, with participation from August Capital, Javelin Venture Partners, DFJ Frontier and Docomo Capital. In conjunction with the funding, John Gardner from Nokia Growth Partners will join Netpulse’s board.
The company intends to use the funds to further accelerate its growth, advance development of its product platform, and introduce new integrations and services for both club operators and members.
Led by Bryan Arp, Co-Founder and CEO, Netpulse provides a digital engagement platform that connects health clubs to internet-connected touchscreen cardio equipment, member fitness tracking devices, sensors, and apps to deliver engagement, measurement, and monetization of members’ fitness activity, both inside and outside the club.
The company partners with eight of the top nine commercial manufacturers that produce fitness equipment currently in clubs as well as club management software systems, fitness app and device makers, and industry service providers. Netpulse-enabled products and mobile applications can be found in thousands of clubs in over 30 countries including leading brands like Equinox, Crunch Fitness, Gold’s Gym, Retro Fitness, and top universities, corporate fitness centers and YMCAs.
FinSMEs
30/09/2014