Brazilian fitness tech Next Fit raised an $8.8M Series A round led by Cloud9 Capital, with participation from Parceiro Ventures.
Next Fit offers management software for gyms, pilates studios, and other fitness businesses, and a consumer app that supports training plans, fitness assessments, payments, and tournament access.
Next Fit will use the funds to grow its product and development teams, improve its consumer app, and expand its payments vertical, Next Fit Pay.
âThis is one of the largest rounds ever raised in Santa Catarina and the largest in the fitness software space in Brazil,â said Douglas Waltricke, founder and CEO of Next Fit.
Founded in 2016, Next Fit serves more than 13K fitness businesses across Brazil and reports 4M app downloads and 1M active users.
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