Harbiz, Madrid's Tech Leader, Attracts €5 Million Investment to Transform Digital Business Management for Fitness Professionals
“We are very happy to have reached this milestone for the company and to have a new partner in Octopus Ventures, one of the most experienced VCs in Europe.”
Mario Morante, CEO and Co-Founder of Harbiz (Photo Credit: Harbiz)
Harbiz, a prominent technology platform catering to fitness professionals, has recently concluded a €5 million funding round aimed at fortifying its global footprint, with a strategic focus on solidifying growth in the UK and German markets. The funding will be instrumental in advancing its product-led growth strategy and attracting international talent.
Octopus Ventures, a major venture capital investor in the UK and Europe, is leading this funding round, with participation from JME Ventures, Athos Capital, and Enzo Ventures.
This fresh infusion of capital positions Harbiz to enhance its innovation, research, and product offerings for fitness professionals, including personal trainers, nutritionists, physiotherapists, and yoga instructors. The goal is to enable seamless online management of clients, with a specific emphasis on integrating AI tools to enhance the overall user experience.
Currently operational in over 35 countries, Harbiz is empowering more than 6,000 fitness professionals to positively impact the lives of over 120,000 clients. Founded in 2020 by Mario Morante and Javier Ortega, the startup has demonstrated significant growth by doubling its turnover compared to the previous year.
Mario Morante, CEO and co-founder of Harbiz, expressed his satisfaction, stating, “We are very happy to have reached this milestone for the company and to have a new partner in Octopus Ventures, one of the most experienced VCs in Europe. We are convinced that with the great team that makes up Harbiz and the support of our partners, we will be able to meet our goals and become the global leader in our sector.”
Javier Ortega, co-founder of Harbiz, added, “This round allows us to continue to grow, improving the product, and learning from the market to meet our goal of making Harbiz the greatest ally of all fitness and health professionals in the world.”
Established in 2020, Harbiz provides wellness professionals with a comprehensive platform for managing their entire business, covering areas such as exercise routines, planning, communications, bookings, client progress, and more. The platform aims to simplify the work of fitness professionals, enabling them to scale their businesses globally while adhering to cutting-edge, user-friendly technology.
Uthish Ranjan, Partner at Octopus Ventures, expressed enthusiasm, stating, “We are delighted to support Harbiz with increasing their UK and German presence. Customer engagement is central to the success of any wellness business, and Harbiz’s best-in-class platform is a game-changer for fitness professionals seeking to improve their client acquisition and retention strategies.”
Previously, the company secured a €2.5 million financing round in May 2022, featuring participation from funds like JME Ventures, Athos Capital, Enzo Ventures, and other notable business angels.
