Peerfit, a digital platform that makes it easy for insurance carriers, brokers, and employers to offer fitness classes and wellness services to their clients and employees, announced today the closing on its Series B funding round. With the closing of this round, Peerfit raised $10.3 million by private investors in the last year’s offering.
“Our growth in 2017 has set the bar for us as we move forward,” said Ed Buckley, III, PhD, Peerfit’s CEO. “This round of funding, along with some major milestones in Q4, really graduates us from a start-up to a growth company. It allows us new levels of experience at leadership, and will fuel overall company growth.”
Peerfit’s team more than doubled in size in 2017, and its Peerfit Studio Network exponentially increased nearly 800% across 43 states, growing to more than 2,000 fitness studios. The number of fitness classes taken also increased by 241%.