Octiv Secures Series A Funding Round Led By Knife Capital
Octiv Secures Series A Funding Round Led By Knife Capital. This 8-figure Series A funding led by an esteemed venture capital company named Knife Capital, including an angel investment from an executive at BVNK, will supercharge Octiv’s global expansion goals.
Octiv is gym management software. It’s a robust customer relationship management tool that ensures fitness studio owners and trainers keep doing what they do best. Building communities and helping people stay fit, active, and healthy. In other words, its a software that helps gym owners run effective businesses. They can then scale and grow exponentially, with an esteemed reputation for utilising cutting-edge technology to ensure their members have the ultimate fitness experience.
It started as a workout tracking app for CrossFit gyms in South Africa. Mark Fawzy, the company’s CEO & founder, formulated this idea when his paperback fitness logbook succumbed to a wet towel in his gym bag. Since then, Octiv has grown into an all-in-one gym management platform that includes everything a gym or fitness studio needs to manage its business. Mark’s deep passion for entrepreneurship, fitness, and technology was the recipe that ignited this innovative tech startup. The impressive truth is that the Octiv team achieved all of this before Series A external funding became part of the conversation. The depth and leverage it now has with financial backing is endless.
This Series A funding will be the secret sauce to continue the company’s growth plan on an international level. Although it has already pierced through the international market, this Series A funding will hand it the capacity to do the following: Innovate more on the Octiv product to hand our clients (and theirs) an exceptional cutting-edge experience; continue to elevate & prioritise its customer-centric reputation to humanise its software even further and deliver outstanding customer service to its clients. This is something the company prides itself on every day.
Founded in 2010, Knife Capital is a venture capital investment manager. To put it lightly, they invest in innovation-driven tech start-ups that have already gained traction. In fact, Knife Capital is well known for endorsing South African tech companies with an exponential drive to expand globally. They’re currently raising $50 million for Fund III, primarily focused on investing in companies like Octiv that have expanded beyond the South African market.
