The investment round was led by Ark Applications and Par, including Causeway Media Partners. Previously, the company had raised $10.3M.
Unlike other enterprise fitness startups that help companies find gyms and studios, Peerfit helps gyms and studios find companies to work with. Peerfit’s CEO, Ed Buckley, claims that what they hope to do is create a more favorable situation for studios and gyms than what they are provided when Groupon-like services are used.
The company is not only connecting companies with health services, but they are also allowing employees to acquire individual day passes and various gym memberships. It is also working in conjunction with the app Mindbody, which gives employers a database to understand how their health resources are being used, in order to optimize their offerings to their workforce.
Peerfit is currently in operation in 46 states across the United States, and plans to expand after receiving this latest round of funding.