About LegitFit
LegitFit is a company based in Cork (Ireland) founded in 2017 by Gearoid Collins. It operates as a SaaS (Software-as-a-Service), and Subscription Services. LegitFit has raised $998.99 thousand across 2 funding rounds from investors including Techstars, Delta Partners and Ignite. LegitFit has completed 1 acquisition, including Gofyt. LegitFit offers products and services including LegitFit Software, Branded App, and Exercise Programming. LegitFit operates in a competitive market with competitors including Mindbody, Virtuagym, Glofox, Care Line Live and WellnessLiving, among others.
- Headquarter Cork, Ireland
- Founders Gearoid Collins
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Legitfit Limited
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Products & Services of LegitFit
LegitFit offers a comprehensive portfolio of products and services, including LegitFit Software, Branded App, and Exercise Programming. 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.
Software for managing gym and fitness operations efficiently.
Custom app to enhance client fitness brand experience.
Tool for creating tailored client exercise programs easily.
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Funding Insights of LegitFit
LegitFit has successfully raised a total of $998.99K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $998.99 thousand completed in September 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 2
- Last Round Seed — $998,991
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2022 | Amount | Seed - LegitFit | Valuation | Delta Partners | |
| Jun, 2021 | Amount | Seed - LegitFit | Valuation | Techstars |
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| 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 |
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Investors in LegitFit
LegitFit has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Techstars, Delta Partners and Ignite. 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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Corporate backed private equity fund focused on telecom, technology, and multiple sectors
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Ignite is engaged in supporting startup founders through programmes.
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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 LegitFit
LegitFit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Gofyt. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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An online platform for doctor listings is operated by Gofyt.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - LegitFit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Legitfit Comparisons
Competitors of LegitFit
LegitFit 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 Mindbody, Virtuagym, Glofox, Care Line Live and WellnessLiving, 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 |
Provider of SaaS-driven business management software for beauty salons and fitness centers
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| domain | founded_year | HQ Location |
Online workout plans and nutrition tracking are offered to users.
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| domain | founded_year | HQ Location |
Provider of gym and studio management software and custom mobile apps
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| domain | founded_year | HQ Location |
Cloud-based platform for home care scheduling and management is offered.
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| domain | founded_year | HQ Location |
Provider of all-in-one business management software for wellness businesses
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| domain | founded_year | HQ Location |
Cloud-based platform for client management in personal training.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Legitfit
Frequently Asked Questions about LegitFit
When was LegitFit founded?
LegitFit was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is LegitFit located?
LegitFit is headquartered in Cork, Ireland.
Is LegitFit a funded company?
LegitFit is a funded company, having raised a total of $998.99K across 2 funding rounds to date.
What does LegitFit do?
LegitFit is utilized as a comprehensive fitness management software designed for gyms, yoga studios, CrossFit centers, and personal trainers. It is built to streamline operations through features like class scheduling, membership management, client communications, and integrated payments. The platform is tailored to support business growth by providing analytics, reporting tools, and data-driven insights. Solutions are offered for enhancing client engagement with branded apps, automated messaging, and exercise programming. LegitFit serves a diverse range of fitness businesses across multiple locations, ensuring efficient management and improved brand experience.
Who are the top competitors of LegitFit?
What products or services does LegitFit offer?
LegitFit offers LegitFit Software, Branded App, and Exercise Programming.
How many acquisitions has LegitFit made?
LegitFit has made 1 acquisition, including Gofyt.
Who are LegitFit's investors?
LegitFit has 3 investors. Key investors include Techstars, Delta Partners, and Ignite.