# Peerfit

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

- Industry: Internet
- Headquarters: Orlando, US
- Website: www.peerfit.com
- Total disclosed funding: $28M
- Latest round: Series C (Mar 19, 2019)
- Investors on record: 4

## About

Peerfit, Inc. is a technology-driven platform that connects employers with fitness and wellness programs, improving employee health and wellbeing through a diverse range of offerings and partnerships.Founded in 2011 by Yassine Mouhabbis, Peerfit, Inc. is headquartered in Orlando, US. The company specializes in providing a unique fitness benefit platform for employers. Peerfit has successfully raised a total of USD 10.00 mn across various funding rounds, with its most recent funding being a VENTURE DEBT round of USD 0.75 mn from Florida Funders on February 15, 2022. It has completed 13 funding deals to date. In January 2021, Peerfit was acquired by FitOn Inc., a move aimed at enhancing its reach within the healthcare and wellness sectors.Peerfit offers a platform that facilitates access to a variety of fitness and wellness programs for employers and their employees. The service connects users with fitness facilities, classes, and wellness resources, aiming to enhance employee productivity, reduce healthcare costs, and foster a culture of wellness across organizations. Peerfit’s solutions are designed for corporate clients, serving a diverse range of sectors within the United States, and allowing them to enrich their employee benefits packages.Peerfit primarily generates revenue through a subscription-based model, where companies pay for access to the platform integrated into their employee benefits offerings. Clients partner with Peerfit to provide wellness credits to employees, enabling access to fitness classes and programs. This creates a B2B relationship, facilitating transactions between fitness providers and corporate clients. Peerfit’s pricing models are adaptable to suit varying company sizes and wellness benefits structures, focusing on a customizable experience for users.Peerfit plans to leverage its recent acquisition to broaden its impact in healthcare and wellness. The company aims to introduce new products tailored to enhance its fitness benefit platform, although specific launch dates are not provided. Additionally, Peerfit is strategizing to expand its services into new geographic markets, seeking to reach more corporate clients across the United States. The recent VENTURE DEBT funding will be instrumental in supporting these initiatives, allowing for the enhancement of their platform and the acquisition of new partnerships.

## Funding rounds

- Series C, Mar 19, 2019, $18M — Virgo Investment Group
- Series B, Jan 23, 2018, $10M — Ark Applications, PAR, Inc.
- Seed, Jul 28, 2014 — Healthbox

## Investors

- Healthbox (https://capitalatlas.ai/funds/healthbox) — Seed
- Ark Applications (https://capitalatlas.ai/funds/ark-applications) — Series B
- PAR, Inc. — Series B
- Virgo Investment Group (https://capitalatlas.ai/funds/virgo-investment-group) — Series C