What is Silofit?
Silofit operates at the intersection of PropTech and the fitness industry, providing a network of on-demand, private fitness studios accessible via a proprietary mobile application. The platform allows users to rent fully equipped workout spaces by the hour, offering a level of privacy and convenience that traditional commercial gyms often lack. By leveraging smart-access technology, Silofit enables seamless entry for individual users, friends, or personal trainers, effectively transforming underutilized real estate into high-demand wellness assets. This model addresses the growing consumer preference for personalized, distraction-free exercise environments, positioning Silofit as a key player in the evolving landscape of flexible, technology-driven health services.
How much funding has Silofit raised?
Silofit has raised a total of $14.9M across 3 funding rounds:
Angel/Seed
$2.6M
Series A
$10.3M
Debt
$2M
Angel/Seed (2020): $2.7M with participation from Whitecap Venture Partners, Courtside Ventures, Ndamukong Suh, and Alate Partners
Series A (2021): $10.3M led by Whitecap Venture Partners, Courtside Ventures, and Alate Partners
Debt (2021): $2M supported by Silicon Valley Bank
Key Investors in Silofit
Whitecap Venture Partners
Whitecap Venture Partners is a Toronto based early stage venture capital fund investing in high growth companies across three verticals: Information and Communications Technology (ICT), MedTech and Food/FoodTech.
Courtside Ventures
Courtside Ventures is a leading early-stage venture capital fund that focuses on the sports, lifestyle, and gaming sectors, targeting growth opportunities among younger demographics.
Alate Partners
Alate Partners is an early-stage venture capital fund that empowers entrepreneurs rethinking real estate through investments in innovative technology and the built environment.
What's next for Silofit?
With the recent influx of capital, Silofit is well-positioned to scale its footprint across major urban centers, focusing on optimizing its real estate portfolio and enhancing its digital booking infrastructure. The strategic focus will likely shift toward increasing studio density in high-traffic areas and refining the user experience to drive higher retention rates. As the company matures, it may explore further integrations with wearable technology and personalized health data to deepen its value proposition. By maintaining its focus on efficiency and privacy, Silofit is poised to capture a significant share of the premium fitness market, potentially setting a new standard for how urban populations engage with physical wellness in a post-pandemic world.
See full Silofit company page
