News

An Uber for fitness trainers? Silofit raising $10M to fuel expansion hopes

Silofit
article-aa

VANCOUVER — When Wilfred Valenta dreamed up the idea of a company that rents out small fitness studios by the hour, he believed the core customers would be travellers—people in a new city for a short period of time who wouldn’t want to fork over a big fee for a temporary gym membership. He still had that demographic in mind when Montreal-based Silofit opened its first location in the city in January 2019. But when the pandemic upended the world, Silofit benefited from a new demand for uncrowded fitness spaces.

Now the company is near closing a $10-million financing round that will help fund an aggressive expansion mostly south of the border, as well as further development of a digital platform it hopes will be a one-stop shop for personal trainers to run their businesses, connecting them to both customers and workout spots.

Purchase a subscription to read the full article.

By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

Already a subscriber?