Funding

[Funding alert] Madrid-based Harbiz Secures €5Million in Funding

Jan 18, 2024 | By Startup Rise EU

Madrid-based Harbiz secures €5million in funding to bolster its global footprint and stabilise its growth in the UK and German sectors.

Madrid-based Harbiz secures €5million in funding to bolster its global footprint and stabilise its growth in the UK and German sectors.

Along with bringing in more foreign expertise, the money will support the company's product-led growth go-to-market approach.

Read also -  WA-based Fullcast Secures $34M in Seed Funding

One of the biggest and busiest venture capital firms in the UK and Europe, Octopus Ventures, is leading this fundraising round. Participating also are JME Ventures, Athos Capital, and Enzo Ventures.

With this additional funding, Harbiz will be able to better support its product development, innovation, and research for fitness professionals, such as physiotherapists, personal trainers, nutritionists, and yoga teachers, enabling them to manage their clients entirely online.

Read also - MO-based Clever Real Estate Acquired Gravy Technologies

Mario Morante, CEO and co-founder of Harbiz, said: “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”.

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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”.

Uthish Ranjan, Partner at Octopus Ventures, commented: “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.”

The business had earlier closed a €2.5 million financing round in May 2022, with participation from business angels including Hugo Arévalo, Íñigo Juantegui, and Andreas Mihalovits, as well as funds like JME Ventures, Athos Capital, and Enzo Ventures.

Read also -  California-based Mercor Secures $3.6M in Funding

About Harbiz

Harbiz, a 2020 startup, gives wellness providers the ability to run every aspect of their business—including scheduling, communications, reservations, client progress, and exercise regimens—through a single platform. This makes it possible for them to offer a far more polished service in keeping with what the market currently needs.

Read also - London-based 10x Banking Secures £35Million Funding

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