# Silofit Enterprises

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/silofit-enterprises

- Industry: Travel & Leisure
- Headquarters: Montreal, Canada
- Website: www.silofit.com
- Total disclosed funding: $13M
- Latest round: Series A (Jul 29, 2021)
- Investors on record: 4

## About

Based in Canada, Silofit Enterprises offers innovative fitness solutions through modular gym spaces that can be customized to meet diverse client needs, promoting flexible fitness options for individuals and businesses.Silofit Enterprises, founded in 2017 and headquartered in Montreal, Canada, specializes in creating customizable gym environments. The company has successfully completed five funding deals, with the most recent being a VENTURE DEBT round that raised USD 2.00 mn from Silicon Valley Bank on July 29, 2021. The total amount raised by the company to date is USD 10.25 mn.Silofit Enterprises provides modular gym solutions, allowing users to design and manage personalized fitness spaces. These offerings cater to both individuals and organizations, addressing the growing need for adaptable fitness environments. Their services include setup, maintenance, and operational support, enhancing the accessibility of fitness facilities across various locations.Silofit Enterprises generates revenue primarily through the leasing and installation of modular gym spaces. Clients pay for customized fitness solutions tailored to their specific needs, creating a sustainable revenue stream. With a focus on enhancing user flexibility, the company meets the increasing demand for versatile fitness solutions.Following the recent VENTURE DEBT investment of USD 2.00 mn, Silofit Enterprises plans to expand its product offerings by developing new modular gym units designed for specific fitness trends expected to launch in late 2022. Additionally, the company aims to penetrate new markets in the United States and Europe by 2023, enhancing its global footprint in the fitness sector.

## Funding rounds

- Series A, Jul 29, 2021, $10M — Whitecap Venture Partners, Courtside Ventures, Alate Partners, Fitt Ventures, LLC
- Seed, Nov 16, 2020, $1.9M — Whitecap Venture Partners, Courtside Ventures, Alate Partners
- Seed, Nov 21, 2019, $0.8M — Whitecap Venture Partners, Courtside Ventures

## Investors

- Whitecap Venture Partners (https://capitalatlas.ai/funds/whitecap-venture-partners) — Seed, Series A
- Courtside Ventures (https://capitalatlas.ai/funds/courtside-ventures) — Seed, Series A
- Alate Partners (https://capitalatlas.ai/funds/alate-partners) — Seed, Series A
- Fitt Ventures, LLC — Series A