Yoga Joint, a Boca Raton, FL-based chain of hot yoga and fitness studios, raised $12M in funding for its Joint Venture program.
Backers were not disclosed.
The company intends to use the funds to continue its expansion, opening locations in Coral Springs, Coral Gables, Winter Park, Palm Beach Gardens, Delray Beach, and Doral. Negotiations are underway to open additional studios in Kendall, Miami Lakes, and Pinecrest.
Founded in 2010 by Paige Held, Yoga Joint is a chain of hot yoga and fitness studios that specializes in the health and wellness space, each location provides its clientele with a studio experience by focusing on the quality of its Flow and FIIT classes, customer service, facilities, and a custom-built mobile app with on-demand classes.
Since announcing its expansion with the Joint Venture Program, the company has added 8 locations and is looking to continue placing a foothold in South Florida, Orlando, Tampa, and Jacksonville, with future sights on entering the Austin and Dallas, Texas markets in 2025.
FinSMEs
25/10/2024