# Gymtrack

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gymtrack

- Industry: Software
- Headquarters: Ottawa, Canada
- Website: www.gymtrack.co
- Total disclosed funding: $2.5M
- Latest round: Seed (Feb 9, 2015)
- Investors on record: 4

## About

Gymtrack is a fitness technology company focused on providing innovative gym solutions through their 24/7 gym access model, catering to clients seeking convenience and flexibility.Founded in 2014 and headquartered in Ottawa, Canada, Gymtrack specializes in fitness technologies and operates the Carpio 24/7 Gym, which provides continuous access to gym facilities. There are no reported pivots or changes in business strategy since its inception. CEO Rob Woodbridge leads the company, which has raised a total of USD 2.50 mn across 3 funding deals, with the most recent being a Grant of USD 800,000 from FedDev Ontario on April 8, 2016.Carpio 24/7 Gym in Toronto offers a comprehensive range of fitness services designed for individuals seeking flexible and accessible gym solutions. Members enjoy 24/7 gym access without traditional restrictions, and there are no join fees or long-term contracts. This model attracts a diverse clientele, including busy professionals and students, who appreciate the convenience and affordability.Revenue generation at Carpio 24/7 Gym is structured around membership subscriptions, enabling regular transactions with clients. Members can choose from various plans providing unlimited access and exclusive gym events. The absence of joining fees and contracts encourages immediate sign-ups, contributing to a consistent cash flow. This direct-to-consumer approach tailors services to individual fitness needs, enhancing customer loyalty.Looking ahead, Gymtrack plans to leverage the recent Grant funding of USD 800,000 to enhance its offerings and expand its market presence. While specific upcoming products are not disclosed, the company aims to broaden its geographic reach into surrounding regions of Toronto by 2024. This strategy involves enhancing product offerings to better serve their expanding clientele base.

## Funding rounds

- Seed, Feb 9, 2015, $2.5M — BDC Capital, 500 Global, Real Ventures, White Star Capital
- Seed, Aug 6, 2014 — 500 Global

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed
- Real Ventures — Seed
- White Star Capital (https://capitalatlas.ai/funds/white-star-capital) — Seed