Octopus Capital invests £1.3m into Gymbox

The funding came from its £30m Octopus Capital for Enterprise Fund and represents the tenth deal Octopus have completed this year.

The £1.3m investment will be used to finance additional new Gymbox sites, initially within London but with an eye on expanding across the UK.

Gymbox currently operates gyms in three locations in London: Holborn, Covent Garden and Bank. Gymbox was founded in 2000 by Richard Hilton, who has built the firm to a turnover of £4.2m and EBITDA of £1m in the year to 31 October 2009.

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• Topics
• Expansion
• UK / Ireland
• Consumer
• Octopus Ventures