About SmartFit
SmartFit is a company founded in 2009.. SmartFit has raised $283.52 million across 3 funding rounds from investors including Patria Investments, CPP Investments and GIC. The company has 18,000 employees as of December 31, 2024. SmartFit has completed 2 acquisitions, including N2BBrasil and Studio Velocity. SmartFit offers products and services including Gym Membership, Smart Fit App, FITDANCE Classes, and Smart Fit Coach. SmartFit operates in a competitive market with competitors including Urban Sports Club, Wellhub, Fitpass, 1FIT and Peerfit, among others.
- Employees 18000 as on 31 Dec, 2024
- Stage Public
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Sectors
HealthcareBusiness Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Smartfit Escola De Ginastica E Danca Sa
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Annual Revenue
$902.22 M (USD)31.46as on Dec 31, 2024
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Net Profit
$70.57 M (USD)-57.9as on Dec 31, 2024
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EBITDA
$433.33 M (USD)31.61as on Dec 31, 2024
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Total Equity Funding
$283.52 M (USD)
in 3 rounds
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Latest Funding Round
$255.62 M (USD), Series B
Nov 26, 2019
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Investors
Patria Investments
& 2 more
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Employee Count
18000
as on Dec 31, 2024
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Investments & Acquisitions
N2BBrasil
& 1 more
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IPO & Listings of SmartFit
SmartFit is a publicly listed company on the BMFBOVESPA with ticker symbol SMFT3 in Brazil, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of SmartFit
SmartFit offers a comprehensive portfolio of products and services, including Gym Membership, Smart Fit App, FITDANCE Classes, and Smart Fit Coach. 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.
Offers access to gym facilities and unlimited training sessions
Provides personalized workouts and progress tracking features
Delivers dance-based group workouts for physical conditioning
Includes online customized training plans for users
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Funding Insights of SmartFit
SmartFit has successfully raised a total of $283.52M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $255.62 million completed in November 2019. 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 3
- Last Round Series B — $255.6M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series B - SmartFit | Valuation | CPP Investments |
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| May, 2018 | Amount | Series A - SmartFit | Valuation |
investors |
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| Aug, 2010 | Amount | Seed - SmartFit | 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 SmartFit
SmartFit has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Patria Investments, CPP Investments and GIC. 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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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Private equity, infrastructure, and real estate investment fund
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Founded Year | Domain | Location | |
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Pension fund assets are managed for sustainable long-term growth.
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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 SmartFit
SmartFit has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include N2BBrasil and Studio Velocity. 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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Provides bioimpedance exams, online consultations, and body analysis for gyms.
|
2016 | ||||
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Provider of cycling programs
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2013 |
| 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 - SmartFit
| 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 |
Smartfit Comparisons
Competitors of SmartFit
SmartFit 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 Urban Sports Club, Wellhub, Fitpass, 1FIT and Peerfit, 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 |
Subscription-based marketplace for sports and fitness venues is offered.
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| domain | founded_year | HQ Location |
Cloud-based wellness programs are offered for employee health and productivity.
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| domain | founded_year | HQ Location |
Subscription-based platform for multiple fitness classes is offered.
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| domain | founded_year | HQ Location |
Subscription-based access to gyms is provided via an online platform.
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| domain | founded_year | HQ Location |
One pass to various fitness studios
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| domain | founded_year | HQ Location |
Subscription-based platform for multiple fitness classes is offered.
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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 Smartfit
Frequently Asked Questions about SmartFit
When was SmartFit founded?
SmartFit was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Is SmartFit a funded company?
SmartFit is a funded company, having raised a total of $283.52M across 3 funding rounds to date.
How many employees does SmartFit have?
As of Dec 31, 2024, the latest employee count at SmartFit is 18,000.
What is the annual revenue of SmartFit?
Annual revenue of SmartFit is $902.22M as on Dec 31, 2024.
What does SmartFit do?
Smart Fit was founded in 2009 as a fitness facility. Gym rooms, high-intensity training sessions, and various fitness equipment are provided to support physical activities. Energy drinks are available to members, along with measurements for body fat percentage, muscle mass, BMI, and water levels. Operations extend through mobile applications on iOS and Android platforms.
Who are the top competitors of SmartFit?
SmartFit's top competitors include Urban Sports Club, Wellhub and Fitpass.
What products or services does SmartFit offer?
SmartFit offers Gym Membership, Smart Fit App, FITDANCE Classes, and Smart Fit Coach.
Is SmartFit publicly traded?
Yes, SmartFit is publicly traded on BMFBOVESPA under the ticker symbol SMFT3.
How many acquisitions has SmartFit made?
SmartFit has made 2 acquisitions, including N2BBrasil, and Studio Velocity.
Who are SmartFit's investors?
SmartFit has 3 investors. Key investors include Patria Investments, CPP Investments, and GIC.
What is SmartFit's ticker symbol?
The ticker symbol of SmartFit is SMFT3 on BMFBOVESPA.