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FIT TECH News

4 Global IPO values the business at £24m

By

4 Global – a partner in the Moving Communities initiative – has completed an initial public offering (IPO) on the London Stock Exchange's Alternative Investment Market, valuing the business at £24m.

The Moving Communities monitoring and evaluation tool was launched by Sport England in early 2021, to enable decision-makers to understand the impact of the government’s £100m National Leisure Recovery Fund in helping public sector sports, fitness and recreation facilities through the COVID-19 crisis.

Moving Communities is also creating an evidence base for local and national decision-making.

Other contributors to the project include Leisure-net Solutions, the Sport Industry Research Group at Sheffield Hallam University, Max Associates and Quest.

In addition to working on sector research projects, such as Moving Communities, 4 Global specialises in physical activity measurement services and provides digital solutions and insight projects in the UK and overseas.

The company uses its proprietary data and software solutions to convert data into actionable insight, which in turns enables clients – which include the likes of Sport England – to promote sports participation, reduce physical inactivity and achieve positive outcomes.

On listing day, the company had a market capitalisation of around £24m, following a successful placing and subscription to raise £4m at an issue price of 91 pence per share.

According to Eloy Mazon, CEO, the company will use the investment to accelerate growth, which includes acquiring complementary businesses and product lines, as well as further development of its technology platform.

"This is an important step in our growth journey as we scale the business and continue to aid our clients in the promotion of sports participation," Mazon said.

"We believe that the combined expertise of our board will enable us to maximise opportunities and admission to the AIM market will provide us with the credibility and access to capital to support our growth.

“We're at a pivotal and exciting point in the company’s development, and we very much look forward to welcoming new investors as shareholders in this compelling business and working with all our stakeholders to achieve our goals."

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It’s a known fact that gamification is an effective method to make everyday activities and work more fun.
Rocca. is a tech organisation specialising in sport and physical activity. It works with NGBs ...
Perfect Gym currently provides fitness software solutions to customers in 55+ countries, servicing more than ...
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Lockers/interior design
Management software
Flooring
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4 Global IPO values the business at £24m

By

4 Global – a partner in the Moving Communities initiative – has completed an initial public offering (IPO) on the London Stock Exchange's Alternative Investment Market, valuing the business at £24m.

The Moving Communities monitoring and evaluation tool was launched by Sport England in early 2021, to enable decision-makers to understand the impact of the government’s £100m National Leisure Recovery Fund in helping public sector sports, fitness and recreation facilities through the COVID-19 crisis.

Moving Communities is also creating an evidence base for local and national decision-making.

Other contributors to the project include Leisure-net Solutions, the Sport Industry Research Group at Sheffield Hallam University, Max Associates and Quest.

In addition to working on sector research projects, such as Moving Communities, 4 Global specialises in physical activity measurement services and provides digital solutions and insight projects in the UK and overseas.

The company uses its proprietary data and software solutions to convert data into actionable insight, which in turns enables clients – which include the likes of Sport England – to promote sports participation, reduce physical inactivity and achieve positive outcomes.

On listing day, the company had a market capitalisation of around £24m, following a successful placing and subscription to raise £4m at an issue price of 91 pence per share.

According to Eloy Mazon, CEO, the company will use the investment to accelerate growth, which includes acquiring complementary businesses and product lines, as well as further development of its technology platform.

"This is an important step in our growth journey as we scale the business and continue to aid our clients in the promotion of sports participation," Mazon said.

"We believe that the combined expertise of our board will enable us to maximise opportunities and admission to the AIM market will provide us with the credibility and access to capital to support our growth.

“We're at a pivotal and exciting point in the company’s development, and we very much look forward to welcoming new investors as shareholders in this compelling business and working with all our stakeholders to achieve our goals."

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A strategic alliance has been announced between music services provider, Feed Media Group and digital fitness agency Sweatworks. Feed Media ...
F45 will be launching its first studio in a hotel in Q3 2022, following a partnership agreement with Hilton Austin. ...
Form, a Vancouver-based tech startup that creates smart swimming goggles, has released a new collection of digital real-time workouts for ...
Connected performance wearable company Whoop has launched Whoop Unite for businesses. Whoop has built up its business-to-business operation since undertaking ...
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It’s a known fact that gamification is an effective method to make everyday activities and work more fun. This certainly ...
Following Kabata’s recent US$2m raise to propel its AI-powered haptic dumbbells onto the market, the startup has confirmed it’s aiming ...
Luxury hotel chain Mandarin Oriental has launched a new brand called Intelligent Movement to deliver fitness and wellbeing interventions to ...
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Strength training startup Grndhouse has launched a new app following 18 months of development. The app is available through Apple’s ...
Caterpillar, a new app that rewards healthy actions with redeemable points at entertainment and fitness outlets, will launch a pilot ...
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The company behind fitness aggregator Hussle – Sandcroft Avenue Ltd – has collapsed, owing £5,362,000. A new company, Archway Fitness ...
ABC Fitness Solutions has appointed Sharad Mohan as chief SaaS officer. Mohan was previously co-founder and MD of Trainerize, which ...
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