BGF has provided boutique gym chain Gymbox with total investment of £25m.
Under the leadership of CEO and founder Richard Hilton, Gymbox has experienced consistent growth since opening its first gym in 2003 and now operates eight gyms across the capital, with membership in excess of 22,000 members. According to Cool Brands, Gymbox is ‘the must-go destination for fitness-savvy Londoners’.
Gymbox had five sites across London when it first secured a BGF growth capital investment in July 2014. Following the initial investment, the business opened sites in Old Street, Westfield Stratford and Victoria.
BGF most recently invested a further £13m in Gymbox in October 2016.
Some of this funding is supporting the launch of Gymbox's largest and most inspiring gym to date, which is under construction in Farringdon. The new 42,000 sq ft gym will feature a three lane running track, an Olympic sized boxing ring and the largest free weights area in the Capital. More than 150 classes will be available every week.