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Peerfit
Peerfit makes it easy for companies, their employees, and local studios to share amazing fitness experiences
About Peerfit
Originally founded as Peerfit in 2011, the company now operates as FitOn Health following its acquisition by FitOn in February 2022. The venture was started in Gainesville, Florida, by Ed Buckley, Ph.D., and Scott Peeples, both alumni of the University of Florida. Buckley, who was pursuing his Ph.D. in Digital Health Behavior while working in fitness, identified a market need to simplify how employers could provide meaningful wellness benefits. His academic research and practical experience in health behavior and policy were foundational to the company's direction. After participating in the Healthbox Tampa accelerator in 2014, the company relocated to Tampa.
Read full description
FitOn Health functions as an enterprise health and wellness platform, creating a hybrid solution that combines digital and in-person fitness experiences. The business targets corporate clients, including employers and health insurance carriers, offering their employees and members access to a comprehensive wellness benefits program. This B2B strategy extends to Medicare Advantage plans, serving the over-65 population alongside the commercial and employer-provided segments. The company's revenue model is multi-faceted, generating income through corporate wellness programs purchased by businesses and health plans. This model was built upon Peerfit's original concept of allowing employers to subsidize fitness credits for their employees, paying only for the staff who actively engaged with the platform.
The platform provides access to a vast network of in-person fitness studios and gyms, such as Life Time and YMCA, combined with FitOn's extensive digital library of workout and meditation classes led by well-known trainers and celebrities. This integrated offering allows members to choose between at-home digital workouts and in-person classes, all managed through a single platform. For corporate clients, FitOn Health provides a turnkey solution for managing wellness programs, complete with account management and marketing support, which simplifies the administration for HR departments. The acquisition by FitOn allowed the company to merge Peerfit's corporate network and in-person gym partnerships with FitOn's popular consumer fitness app, creating a distinctive service in the corporate wellness market.
At a glance
- Status
- Acquired
- Founded
- 2011
- Headquarters
- Tampa, United States
- Employees
- 42
- Open positions
- None listed
- Dealroom signal
- 63.4/100
- Industry
- Sports
- Sub-industry
- Fitness, Sport League & Club
- Sector
- Sports, Health Care, Health, Health Platform, Insurtech Distribution and Brokerage, Insurtech Related
- Business model
- SaaS
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning Peerfit.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Feb 2022 | $0 | — | FitOn | ↗ |
| EARLY VC✓Equity / VC | Jan 2020 | $10M | $40M | Virgo Investment Group | — |
Growth signals
Latest recorded traffic for Peerfit is 2.3K monthly website visits, up 109.1% over the last three months. Peerfit's team declined 27.6% over the past year.
Similar companies
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A9 investors entered at this stage
Florida Funders
Institute for Commercialization of Florida Technology
Ark Applications
Jeffrey Vinik
PAR
Lee Arnold System
Marc Blumenthal
Causeway Media Partners
Engage Ventures
Series B and later1 investor entered at this stage
Virgo Investment Group
Other known investors3 additional known investors
FitOn
Tech Square Ventures- TWTimo Weiland
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Peerfit on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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