BLOK secures funding round to fulfil its expansion plans

Date

August 2018

Sectors

Digital media and content

Deal Type

Equity Crowdfunding

Our Role

Sell side & fundraising

About Blok

BLOK is one of London’s leading boutique class based gyms, combining fitness with art, design, and fashion. The company was founded in 2016 and now has two London sites in Shoreditch and Clapton, with terms agreed for the third site in central Manchester and plans to expand to six UK sites by 2020.

About Blok

About the deal

BLOK raised an undisclosed sum from a pool of investors through Crowdcube, valuing the business at £9.5m. The investment round was 118% oversubscribed.

Our work

We acted as the exclusive financial adviser to BLOK to prepare, market and successfully execute their required fund raise having a long lasting relationship with the management team. We continue to work with the founders to identify suitable investors for future funding rounds.

We have been working with WY Partners for a number of years and they have provided invaluable support through our funding stages. They have advised us on financing options, building financial and management information for banks and fundraising as well as supporting through our recent crowdfunding raise. It has been a pleasure working with them and find their advice and support invaluable and look forward to continue working with them on future rounds of funding.

Ed Stanbury

Founder / Managing Director

Blok

Deal team