CEO Oriol Vinzia checking up with his team at their Poble Nou offices.

The Barcelona-based startup will in October launch new features to their product, and let people work out across borders in both Spain, France and Italy. This was a natural move for the startup that recently have grown a lot in the B2B market, says CEO Oriol Vinzia:

We work with international companies that have workers that travel a lot. If you live in Barcelona, but work a lot from Paris, you’ll be able to choose amongst hundreds of gyms in both cities with our programs.

The itnig company recently closed a bridge round of €160.000 to keep focusing on their technology, as they’re planning on closing an A-round in the beginning of 2017 explains Vinzia:

We’re aiming for a round of €1 million or more, so we’ll start approaching investors from October.

2017 will be the year people talk about the disruption of gyms

At least that’s what CEO Vinzia think is coming as one of the big industries of disruption next year.

There are several big online gym marketplaces that are growing, and we’re the biggest one in southern Europe. I think the industry we’ll read a lot about the next year, is the disruption and digitalization of gym-services.


Brazilian competitor Gympass recently landed in Spain, but they’re only focusing on the B2B market, says Vinzia.

We’ve already established a strong B2C market of thousands of users, and we’ve recently seen great growth in our B2B market. Our challenge now is to find the perfect balance for our focus on the two markets.

Crossing the million mark

GymForLess offers three different programs that gives you access to hundreds of gyms. Here’s the map of Barcelona.

GymForLess had a turnover of €350.000 last year, and expects a turnover of €1 million by 2016, according to the CEO:

By 2017 we’re predicting a turnover of €2.5 million.

The company will now focus heavily on their tech product. With over 100.000 active users on their app they aim to add additional features that goes beyond working out and locating a gym.

We want to add personal trainers, possibly a marketplace to buy gym clothes, but also to add a social layer between the clubbers, so friends can challenge each other, and compare results from their exercises.

CEO Vinzia also adds that they’re looking into possibilities with connecting the app to pulse watches and other devices.

……..

This post was written by Sindre Hopland, media manager at itnig.

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R.

Record-breaking Q2 and app revenue increase

This is the Newsletter shared on the 8th of July. If you wish to receive newsletter faster, you can subscribe here: https://itnig.net/

Dear tech entrepreneur,

If the beginning of the week drives you crazy, you might be waiting for a new self-driving car. This technology is quite the present rather than the future and some investors don’t want to miss it out as proven by the Japanese startup Tier IV that just raised a humongous Series A of $100M

App developing companies must be happy as app revenue is up by 15% in the first half of 2019 compared to last year’s. The Apple Store continues to be the king with $25.5B spent in 6 months in contrast with the $14.2B in the Google counterpart. 

Oh, and if you are new to our newsletter you might have missed the 5 mega-deals that made Q2 2019 a record-breaking quarter for European startups. More to be expected soon as e-ventures raised $400M with $175 million going to its Europe-focused investment arm

By the way, we (Itnig) are growing our coworking space as you may have seen in the news. If you want to join our ecosystem of entrepreneurs and techies, just let us know!

– Itnig’s team

Podcast #96: Model Management Online with Andreas von Estorff

Andreas von Estorff is a German serial entrepreneur based in Barcelona that has built his career around the model management business. In this week’s podcast, he explains how he built some of his companies like Casting.net, a marketplace for models, actors and other artists.

His current project is ModelManagement.com, a website that has built a community that connects clients that need to find a model and people that want to perform as models, being or not professionals. He shows numbers and events tell us how much a model can earn per shooting!

Check out the podcast here:

View on YouTube | Listen on Spotify | Listen on Apple | Listen on Google | Listen on iVoox. And also in AnchorBreakerCastboxOvercast, and Stitcher.

New funding for startups 

Random tech news Satellite Antenna on Twitter Twemoji 12.0

Product of the week 

Meet “It’s Ok” the first Bluetooth cassette player and recorder.

Work with us Vulcan Salute on Apple iOS 12.2

Find out about more vacancies at itnig.net/jobs.