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
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 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.
Ed Stanbury
Founder / Managing Director
Blok
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