About Buddyfit
Buddyfit is a company based in Genoa (Italy) founded in 2019 was acquired by Gymondo in September 2024.. Buddyfit has raised $10.72 million across 1 funding round from investors including RCS MediaGroup, Azimut Group and Gymondo. Buddyfit offers products and services including Buddyfit App and Workout Classes. Buddyfit operates in a competitive market with competitors including IFit, Zwift, Fitterfly, Kaia Health and Keleya, among others.
- Headquarter Genoa, Italy
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Gymondo Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.72 M (USD)
in 1 rounds
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Latest Funding Round
$10.72 M (USD), Series A
Jun 06, 2022
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Investors
RCS MediaGroup
& 3 more
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Employee Count
Employee Count
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Acquired by
Gymondo
(Sep 10, 2024)
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Products & Services of Buddyfit
Buddyfit offers a comprehensive portfolio of products and services, including Buddyfit App and Workout Classes. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for home-based workouts and nutrition guidance.
Interactive fitness sessions via app for various user levels.
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Funding Insights of Buddyfit
Buddyfit has successfully raised a total of $10.72M through 1 strategic funding round. The most recent funding activity was a Series A round of $10.72 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $10.7M
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First Round
First Round
(06 Jun 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series A - Buddyfit | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Buddyfit
Buddyfit has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include RCS MediaGroup, Azimut Group and Gymondo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Azimut Group is engaged in asset and wealth management services.
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Founded Year | Domain | Location | |
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Media publishing, advertising brokerage, and internet search are operated.
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Founded Year | Domain | Location | |
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Italian media conglomerate
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Buddyfit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Buddyfit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Buddyfit Comparisons
Competitors of Buddyfit
Buddyfit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as IFit, Zwift, Fitterfly, Kaia Health and Keleya, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Smart interactive fitness equipment and training services are provided.
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| domain | founded_year | HQ Location |
Gamified indoor cycling training is delivered via an app-based platform.
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| domain | founded_year | HQ Location |
A mobile app is offered for managing multiple chronic diseases.
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| domain | founded_year | HQ Location |
Provider of digital musculoskeletal pain management solutions
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| domain | founded_year | HQ Location |
App offering exercise and yoga plans for pregnant women
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| domain | founded_year | HQ Location |
Provider of gamified health and wellness programs
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Buddyfit
Frequently Asked Questions about Buddyfit
When was Buddyfit founded?
Buddyfit was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Buddyfit located?
Buddyfit is headquartered in Genoa, Italy. It is registered at Genoa, Liguria, Italy.
Is Buddyfit a funded company?
Buddyfit is a funded company, having raised a total of $10.72M across 1 funding round to date. The company's 1st funding round was a Series A of $10.72M, raised on Jun 06, 2022.
What does Buddyfit do?
Buddyfit was established in 2019 in Genoa, Italy, within the fitness sector. An online platform is operated to deliver training programs through live streaming and recorded videos. Various workout types, including cardio, HIIT, pilates, yoga, and booty barre, are provided by experts. Users are enabled to select programs suited to their preferences, with services focused on accessible digital fitness delivery.
Who are the top competitors of Buddyfit?
Buddyfit's top competitors include IFit, Fitterfly and Kaia Health.
What products or services does Buddyfit offer?
Buddyfit offers Buddyfit App and Workout Classes.
Who are Buddyfit's investors?
Buddyfit has 4 investors. Key investors include RCS MediaGroup, Azimut Group, Gymondo, and Cairo Communication.