iHuman Fitness Ltd brings the gym into the 21st century. The company offers fitness classes that move away from conventional gyming methods – big room with lots of people and perspiration – instead downsizing it into compact, personal training sessions where people interact with instructors on a human level. Sessions are a maximum of five, meaning a low ratio of participants to instructors.
The company established its flagship gym in St. John’s Wood in May 2014. Since then it has grown to run 8 classes a day with 371 members. Along with its pop-up gym in Canary Wharf, which has attracted 100’s of people through its doors since opening in Summer 2015, the company is currently making sales of £7,560.
With £80,000 investment for 10% of the business, iHuman Fitness will open a second permanent location in Canary Wharf – to be called The Office – with its pop-up site proving that there is a market for its popular take on fitness in the area.
All going well, a third branch will open in Liverpool street by the end of 2016, and with all three sites bringing in business, by the end of 2018, the company expects to make total revenues of £1,876,700.
The idea for iHuman was born from a rather somber chain of events. Owner Mohamed El-Kadey was only young when he suffered the loss his father to a heart attack. At the age of 26 he realised his own health was taking a downward spiral and feared he might suffer the same health issues as his late dad. This prompted him to re-evaluate his health and fitness, taking on a variety of fitness challenges including the London 2010, Berlin 2011, and Paris 2013 marathons as well as taking a new approach to nutrition.
He decided he wanted to help people benefit from health and fitness – much in the same way he has in an attempt to prevent ill health for as many people as he could reach. This led to the opening of the first of his gym’s in 2014, offering small scale fitness classes that enable participants to actually learn about health and nutrition on a personal basis from instructors.
days to go:
Expired
investment:
£13,320
Muse is a smart, data-driven financial management application which aims to make financial empowerment a reality for all business owners. The app generates clear snapshots of a company’s finances showing all bank balances, and gives quick access to innovative invoice financing and other smart tools. Muse is live on the App Store and Google Play. Moreover, it has partnered with Prime 5 Finance Limited for invoice finance facility. The funds raised will be used to expand the business, sales channels and give an e-money account card in three currencies.
days to go:
Expired
investment:
£339,920
MyT is a cloud-powered subscription-based accounting software designed for small businesses that allows them to submit financial information to Her Majesty's Revenue and Customs (HMRC) under the Making Tax Digital initiative, which is mandatory from April 2023. MyT asserts that its app provides businesses with a simple way to keep track of business finances on the go, send and manage invoices and bills, and record expenses and mileage. The company claims that its app is available on App Store and Google Play and has witnessed 1000+ downloads to date. It claims that it has onboarded over 500 users without any extensive marketing spend. MyT will use half of the investment to implement its marketing plan, a third for developing new technology and the remaining for administrative expenses.
days to go:
Expired
investment:
£133,543
The Booking Factory is designed to create and maintain hotel websites so you don't have to worry about it needing updates or security fixes. The Booking Factory will create you a hotel website that will allow you to easily manage your bookings, automate your admin and engage more with your guests.
days to go:
Expired
investment:
£33,560
AAZZUR is a fintechs company founded on a strong desire to make banking intelligent, individual and interconnected. It is reinventing the way banks are built, and its data can be used to increase monetization, satisfaction and retention. This company was founded 18 months ago, but in the last month, it was contacted by fintechs, banks and one insurance company to help them with their problems. AAZZUR provides tools for common functions for the banking space. Its entrepreneurial team has a depth of experience, and the company has been to one of the world-leading accelerators, techstars. Now, it is looking to work together with banks, and its team has developed a neo-bank offering in record time that they are going to be soft-launched soon.
days to go:
Expired
investment:
£400,991
The first wholesaler to offer insurance products for B2B and B2C firms in the Sharing Economy. Inlet aims provide insurance for assets that have been peer-to-peer rented for the short term, or for the provision of services such as letting properties online, as these markets are not currently covered by traditional insurances.
Inlet generates revenue from commissions via insurance products at the point of sale and at policy renewal. Income in the form of interest payments is also earned from customers that choose to pay via direct debit on a monthly basis, as well as from fees applied to customers who wish to amend their policies.
days to go:
Expired
investment:
£256,514
ReCircle Recycling has designed an appliance meant for installation in households, businesses and new developments to grind glass bottles, compact metal cans, and flake plastic packaging straight into ready to use manufacturing material. This process allows Recircle Recycling to set up a new closed-loop system where packaging is endlessly recycled. It increases the purity and value of all the materials. When manufacturers finally have access to high-grade recycled to minimise their carbon footprints and where consumers and businesses receive payback for the true value of their recycled product. ReCircle collects and delivers materials from a common man's curb 3-8 times a year. It has established strong connections and technology developments with the UK University. ReCircle has also filed patents with the USA, Japan, China, Europe, and India. ReCircle is also building a close relationship with Swansea University. It intends to launch in California, which has the highest recycling rate in the US.
days to go:
Expired
investment:
£548,150
An app to help local independent businesses gain more exposure on the High Street. Sizzl will create bespoke marketing by using cinematography to tell stories for locals in the area to view on their smartphones. Investment will provide Sizzl with the infrastructure for a monthly subscription payment system and initial marketing to attract small businesses.
days to go:
Expired
investment:
£25,490
TransferGuru is an online money transfer platform that allows users to send money to friends or family all across the world. TransferGuru offer an exchange rate comparison service that allows the user to see all of the providers in their chosen country.
days to go:
Expired
investment:
£46,746
Appital is an emerging financial market platform that will use digital profiling, unique algorithms and notifications to connect institutional demand and supply. With Appital, corporate and institutional companies within the equity capital markets space will have the opportunity to exchange illiquid equity without an investment bank or broker. Appital will also remove the dependence on email and phone, thereby ensuring efficiency and accessibility. The company is raising fund to built the Appital software, achieve FCA regulation, generate marketing material and gain contracts with partner settlement and KYC providers. Furthermore, the company will enhance the functionality of the software by leveraging its network to other products such as primary debt and primary equity deal flow.
days to go:
Expired
investment:
£349,060
