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Peerfit

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Peerfit makes it easy for companies, their employees, and local studios to share amazing fitness experiences

Tampa, United StatesFounded 2011Sports
Valuation $0–100M Latest valuation · 2020
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Peerfit and the history behind them.

About Peerfit

Originally founded as Peerfit in 2011, the company now operates as FitOn Health following its acquisition by FitOn in February 2022. The venture was started in Gainesville, Florida, by Ed Buckley, Ph.D., and Scott Peeples, both alumni of the University of Florida. Buckley, who was pursuing his Ph.D. in Digital Health Behavior while working in fitness, identified a market need to simplify how employers could provide meaningful wellness benefits. His academic research and practical experience in health behavior and policy were foundational to the company's direction. After participating in the Healthbox Tampa accelerator in 2014, the company relocated to Tampa.

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FitOn Health functions as an enterprise health and wellness platform, creating a hybrid solution that combines digital and in-person fitness experiences. The business targets corporate clients, including employers and health insurance carriers, offering their employees and members access to a comprehensive wellness benefits program. This B2B strategy extends to Medicare Advantage plans, serving the over-65 population alongside the commercial and employer-provided segments. The company's revenue model is multi-faceted, generating income through corporate wellness programs purchased by businesses and health plans. This model was built upon Peerfit's original concept of allowing employers to subsidize fitness credits for their employees, paying only for the staff who actively engaged with the platform.

The platform provides access to a vast network of in-person fitness studios and gyms, such as Life Time and YMCA, combined with FitOn's extensive digital library of workout and meditation classes led by well-known trainers and celebrities. This integrated offering allows members to choose between at-home digital workouts and in-person classes, all managed through a single platform. For corporate clients, FitOn Health provides a turnkey solution for managing wellness programs, complete with account management and marketing support, which simplifies the administration for HR departments. The acquisition by FitOn allowed the company to merge Peerfit's corporate network and in-person gym partnerships with FitOn's popular consumer fitness app, creating a distinctive service in the corporate wellness market.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2011
Headquarters
Tampa, United States
Employees
42
Open positions
None listed
Dealroom signal
63.4/100
Industry
Sports
Sub-industry
Fitness, Sport League & Club
Sector
Sports, Health Care, Health, Health Platform, Insurtech Distribution and Brokerage, Insurtech Related
Business model
SaaS
Client focus
b2b

Latest news

Press, funding announcements and product moves mentioning Peerfit.

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Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONExit Feb 2022 $0 FitOn
EARLY VCEquity / VC Jan 2020 $10M $40M Virgo Investment Group
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Growth signals

Peerfit website traffic

Latest recorded traffic for Peerfit is 2.3K monthly website visits, up 109.1% over the last three months. Peerfit's team declined 27.6% over the past year.

Latest monthly visits2.3K 3-month web change+109.1% 1-year team growth-27.6%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investors

13 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A9 investors entered at this stage

  • Florida Funders
  • Institute for Commercialization of Florida Technology
  • Ark Applications
  • Jeffrey Vinik
  • PAR
  • Lee Arnold System
  • Marc Blumenthal
  • Causeway Media Partners
  • Engage Ventures

Series B and later1 investor entered at this stage

  • Virgo Investment Group

Other known investors3 additional known investors

  • FitOn
  • Tech Square Ventures
  • Timo Weiland
Team profiled 16 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Peerfit on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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