SAN FRANCISCO--(BUSINESS WIRE)--Zenrez, the first consumer fitness platform of its kind designed for last-minute bookings is today announcing a $2 million round of funding. The participating investors include ARTIS Ventures, Summit Action Fund (investment arm of Summit Series) and Precursor Ventures. The company has raised a total of $4 million.
“The funds announced today will help to accelerate the growth and expansion of Zenrez, making our platform available to all US consumers and businesses,” said Matthew Capizzi, co-founder & CEO of Zenrez. “Zenrez has proven its model and gained significant traction in San Francisco, Los Angeles, and Pittsburgh. We look forward to effectively allocating these additional funds to further enhance our product offering, add top talent to the sales team and enter new markets.”
Zenrez is also announcing its new strategic partnership MINDBODY, the world leader in software for class and appointment-based businesses. Zenrez now integrates with MINDBODY’s software to create a seamless experience for MINDBODY studios. It's also a strategic partner of MINDBODY, in which they'll be working together to leverage MINDBODY’s more than 53,000 studio partners to help Zenrez scale across the country.
Commenting on the funding news, Stuart Peterson, founder & partner at ARTIS Ventures stated, “The world of fitness is quickly evolving away from subscriptions and memberships, and shifting toward pay-as-you-go. Similar to how OpenTable and HotelTonight disrupted their respective industries, Zenrez has built a custom, consumer-friendly booking platform that will power the fitness market moving forward. In addition, strong partnerships with industry leaders like MINDBODY are allowing for rapid expansion and reach into studios, big and small, across the U.S. Studios using Zenrez will be able to better operate their business and drive greater revenues--two critical components to success.”
Today, Zenrez also announces the launch of ZenrezMedia, the world's best source for content about boutique fitness studios. ZenrezMedia will feature videos that help support and enhance people's experience before, during and after taking their classes. The video-only content will include insights from experts, and focus on topics revolving around the fitness class experience. With ZenrezMedia, you can now go to one place to find answers to all your fitness class related questions.
Capizzi continued, “Zenrez works like a fitness concierge for busy people who aren’t already in a fitness routine. If you like a routine, buy a gym membership, but if you’re busy, all around town, and workout when you can fit it in, then you need Zenrez. There’s no membership, no fees, no commitment - use it when you need it and it personalizes the more you use it. At Zenrez, we're constantly striving to create the best experience possible for our users. That not only means creating a seamless user experience for finding and booking the best fitness classes out there, but also supporting and enhancing your experience before, during, and after you take your class.”
“Zenrez has helped our fitness studio increase sales,” said Leila Burrows, co-founder of The Pad Studios, a San Francisco-based yoga and Pilates studio. “They fill our empty slots and we are able to make money on these transactions. Not only does Zenrez bring in new customers, but customers keep coming back!”
Zenrez’s platform has facilitated more than 75,000 reservations for fitness studios and is partnered with some of best boutique studio and franchise brands, including Orangetheory Fitness, Yoga Tree, TRX Training Center, The Bar Method, among others.
About Zenrez
Zenrez is a promotional booking platform that allows you to discover the best fitness studios and book classes last-minute. Our studio partners are carefully curated to bring you the highest quality classes at the best prices, with no monthly membership or fees. From yoga to cycling, bootcamp to barre, Zenrez is the perfect way to book same-day when you find yourself with time to sweat.
