# Buddyfit S.r.l.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/buddyfit-s-r-l

- Industry: Internet
- Headquarters: Genoa, Italy
- Website: www.buddyfit.club
- Total disclosed funding: $11M
- Latest round: Series A (Jun 6, 2022)
- Investors on record: 2

## About

Based in Italy, Buddyfit S.r.l. is a fitness and wellness company that provides an innovative platform offering access to various fitness programs and wellness classes for users looking to enhance their health and fitness journey.Buddyfit S.r.l. was founded in 2019 in Genoa, Italy, focusing on delivering a versatile fitness platform. The founders, Giovanni Ciferri, Jubi Evangelista, Stefano Cortese, and Stefano Manzoni, have a vision of enhancing the accessibility of fitness training. The company has raised a total of USD 10.70 mn through a SERIES A funding round led by Azimut, with participation from RCS MediaGroup, on August 2, 2024.Buddyfit offers a comprehensive fitness and wellness platform designed for a diverse clientele, providing unlimited access to various fitness programs, yoga classes, and mindfulness sessions. Their core product is a mobile application that allows users to partake in over 200 live classes monthly, along with on-demand replays, catering to fitness enthusiasts looking to train from home or on the go. The app features a diverse range of classes, including fat-burning workouts, tonification, yoga, and pilates, ensuring that users can find programs tailored to their specific fitness goals. Buddyfit targets multiple geographical markets, providing their services in regions such as the United Kingdom, Europe, and beyond, appealing to a wide range of end users including fitness beginners and seasoned athletes who seek the flexibility and convenience of remote training.In the most recent year, Buddyfit reported revenue of USD 3,255,595.60 and an EBITDA of USD -3,249,703. The company operates on a subscription-based model, with memberships starting at GBP 6.50 per month, granting users access to live and recorded classes, training programs, and community interactions.In August 2024, Buddyfit S.r.l. was acquired by 7NXT GmbH, a portfolio company of Oakley Capital, which aims to enhance its fitness and wellbeing offerings in Europe. The acquisition is expected to bolster Buddyfit's presence in the fitness market, although specific new product launches or expansion plans have not been detailed.

## Funding rounds

- Series A, Jun 6, 2022, $11M — RCS MediaGroup, Azimut

## Investors

- RCS MediaGroup — Series A
- Azimut (https://capitalatlas.ai/funds/azimut) — Series A