# Tecnofit

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

- Industry: Software
- Headquarters: Brazil
- Website: www.tecnofit.com.br
- Total disclosed funding: $3.1M
- Latest round: Seed (Sep 17, 2021)
- Investors on record: 3

## About

Tecnofit is a Brazilian company that specializes in management software tailored for fitness businesses, streamlining operations and enhancing client engagement through a comprehensive platform.Founded in 2016, Tecnofit operates in Brazil, focusing on providing software solutions for fitness businesses including gyms and personal trainers. The company has successfully raised BRL 13 million in Seed funding as of September 17, 2021, led by Honey Island Capital with participation from EBANX and Quartz. The CEO, Antonio Maganhotte, is pivotal in steering the company towards sustained growth in the fitness technology sector.Tecnofit specializes in providing management software tailored for fitness businesses, including gyms, studios, and personal trainers. Their core product offerings focus on automating operational tasks, optimizing management, and enhancing customer experiences through a comprehensive platform. The software facilitates functionalities such as class scheduling, attendance tracking, financial management, and workout planning, aimed at improving efficiency and productivity for fitness operators. Tecnofit's client base primarily includes over 16,500 fitness businesses spread across Brazil and other Latin American countries, catering to diverse user segments from individual trainers to large gym chains.Tecnofit's revenue model is based on subscription services, where fitness businesses subscribe to access various features of the software. The firm offers tiered pricing plans, which allow clients to pay based on the level of service that best fits their operational needs. Clients typically subscribe to monthly or annual plans encompassing essential management functionalities such as automated billing, attendance tracking, and marketing tools. Additionally, clients benefit from personalized onboarding and training services, enhancing their experience and ensuring seamless integration of the software into their daily operations. This structured subscription model provides predictable revenue streams, aligning Tecnofit's services with the ongoing needs of their clientele.In September 2021, Tecnofit raised BRL 13 million in Seed funding to facilitate the creation of new products and solutions, company growth, and international expansion. The company plans to enhance its payment systems through collaboration with financial experts from its investor group. Tecnofit is also targeting expansion into new markets across Latin America, aiming for broader regional penetration by 2023.

## Funding rounds

- Seed, Sep 17, 2021, $2.5M — Honey Island Capital, Quartz, EBANX
- Seed, Jan 1, 2019, $0.7M — Honey Island Capital

## Investors

- Honey Island Capital (https://capitalatlas.ai/funds/honey-island-capital) — Seed
- Quartz (https://capitalatlas.ai/funds/quartz) — Seed
- EBANX — Seed