Netpulse, a fitness app and software company, has just raised $13 million to create a new fitness feature and continue its global expansion. This funding comes after Netpulse raised similar funding every two years for the past four years. The most recent round of funding was headed by August Capital, with other money coming from Javelin Venture Partners, Nokia Growth Fund, and DFJ Frontier.
Founding partner of August Capital, Dave Marquart praised Netpulse, “They were the leader in bringing entertainment, workout tracking and virtual scenery to nearly all of the brands of cardio equipment, and now they are the clear leader in bringing a sophisticated mobile app to fitness clubs throughout the world.”
Netpulse Fuels Growth with $13M in Expansion Capital https://t.co/GosIP6zp5B pic.twitter.com/bKDfv1Wibj
— Netpulse (@Netpulse) June 6, 2016
Netpulse has been growing rapidly, with global expansion, a growing customer base and introduction of mobile products the company knew that this was the time to gain more funding. Multiple gyms are using Netpulse’s mobile platform such as Planet Fitness, Gold’s Gym, and UFC Gym, to increase member engagement and overall club revenue. Netpulse works with each gym to brand their mobile program, which becomes an app for users, so users can track fitness goals while in and out of the gym.
The company hasn’t specifically mentioned what they plan to do in the future with their new funding, but they seem to be expanding and improving their mobile features and reaching new gyms.