# Virtuagym B.V

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/virtuagym-b-v

- Industry: Software
- Headquarters: Amsterdam, Netherlands
- Website: www.virtuagym.com
- Total disclosed funding: $9.5M
- Latest round: Series B (May 23, 2018)
- Investors on record: 2

## About

Virtuagym B.V is a Netherlands-based company specializing in comprehensive fitness software solutions, serving fitness businesses, health professionals, and individual consumers with innovative tools for health and wellness management.Founded in 2008 in Amsterdam, Netherlands, Virtuagym develops fitness software that supports health clubs and wellness programs. The company has undergone strategic pivots to enhance its offerings and has expanded its services to various global markets. Led by CEO Paul Braam, Virtuagym has raised EUR 3.000 mn in funding, with its most recent investment round occurring on April 29, 2022, led by Icecat. The company has successfully completed 4 deals to date.Virtuagym specializes in developing comprehensive fitness software solutions designed for a diverse clientele, including fitness businesses, health professionals, and individual consumers. The company’s core offerings encompass an all-in-one management platform for health clubs and studios, corporate health software aimed at enhancing employee wellness, and fitness and nutrition applications tailored for personal use. These solutions facilitate sustainable lifestyle changes by providing users with tools to track workouts, manage nutrition, and promote overall health. Virtuagym's client base is expansive, serving gyms, studios, and corporate wellness programs in multiple geographical markets, including North America, Europe, and parts of Asia.Virtuagym generates revenue primarily through subscription-based models, where fitness businesses and corporate clients pay for access to its software solutions. The transaction structure typically involves tiered pricing plans that cater to different user needs, enhancing accessibility for both small studios and larger health chains. Individual consumers may also access specific fitness and nutrition applications through direct subscriptions, ensuring a steady revenue stream from personal users. The pricing plans reflect the comprehensive features offered, such as client management, performance tracking, and health analytics, which are essential for facilitating seamless operations in fitness establishments. In the most recent year, Virtuagym reported an EBITDA of EUR -1,956,719.70.In April 2022, Virtuagym raised EUR 3.000 mn in venture funding led by Icecat. The company plans to utilize this funding to support its international growth and strengthen its position in the health and fitness industry. Future initiatives include launching new products aimed at enhancing user engagement and expanding its market reach into new geographic regions. Specific target markets have not been disclosed, but the company aims to solidify its presence across North America, Europe, and parts of Asia in the coming years.

## Funding rounds

- Series B, May 23, 2018, $7.1M — Endeit Capital
- Series A, Oct 26, 2015, $2.4M — Saffelberg Investments

## Investors

- Saffelberg Investments (https://capitalatlas.ai/funds/saffelberg-investments) — Series A
- Endeit Capital (https://capitalatlas.ai/funds/endeit-capital) — Series B