{"id":313961,"date":"2025-11-26T02:35:13","date_gmt":"2025-11-26T02:35:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/313961\/"},"modified":"2025-11-26T02:35:13","modified_gmt":"2025-11-26T02:35:13","slug":"bonside-secures-100m-looks-to-scale-fitness-wellness-locations","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/313961\/","title":{"rendered":"Bonside Secures $100M, Looks To Scale Fitness & Wellness Locations"},"content":{"rendered":"

The fin tech firm\u2019s partnership with i80 Group could fuel the opening of hundreds of boutique studios, large gyms, medspas and wellness cafes<\/p>\n

Bonside, a New York-based fintech firm serving brick-and-mortar businesses whose portfolio includes Natural Pilates, Y7, Wundabar, F45 Training, Amped Fitness and Evolve Med Spa, has formed a $100 million strategic partnership with global investment firm i80 Group.\u00a0<\/p>\n

Roughly 40 to 50% of the funds are slated for health, wellness and fitness concepts, including boutique studios, large-format gyms, medspas<\/a>, sports entertainment venues and health-centric food services, ATN has learned.<\/p>\n

Bonside<\/a> also expects to fund businesses in longevity care and fertility care.<\/p>\n

The investment brings Bonside\u2019s total available capital to more than $130 million and will accelerate funding for multi-unit operators looking to scale.<\/p>\n

The firm targets operators with at least three open locations in the U.S., focusing on service-based concepts that rely on physical storefronts. Bonside says growth checks can reach $1.5 million per concept, with up to $5 million in total funding.<\/p>\n

Looking ahead, the capital could support 150 to 250 transactions nationwide and help open hundreds of new storefronts, the company says. To date, Bonside has deployed $30 million across more than 50 transactions, representing more than $775 million in run-rate revenue and more than 300 doors.<\/p>\n

The funding aligns with a broader boom in brick-and-mortar fitness services,\u00a0with the global fitness club market expected to more than double by 2034,<\/a> according to recent research from Allied Market Research. <\/p>\n

A similar trend is seen in the U.S. spa sector, as demand for wellness and longevity experiences grows<\/a>. The trend is visible in medspas, too, such as Beverly Hills Rejuvenation Center, which is expanding\u00a0with\u00a0longevity care and diagnostic services.\u00a0The franchise intends to scale beyond its 24 locations in the U.S.<\/a><\/p>\n

\"\"credit: Beverly Hills Rejuvenation Center<\/p>\n

See Also<\/p>\n

\"man<\/a><\/p>\n

According to Dylan Mark, senior vice president at i80 Group<\/a>, many high-quality brick-and-mortar businesses lack access to efficient financing for their growth goals.<\/p>\n

\u201cBonside has developed an innovative capital and technology product to underwrite the nuances of the sector,\u201d he said. \u201cWe are excited to be supporting Bonside\u2019s expansion.\u201d<\/p>\n

The financing product Mark refers to is Bonside\u2019s \u201cRepeatable Revenue Agreement,\u201d which is underwritten by the company\u2019s \u201cScorecard.\u201d The Scorecard analyzes accounting data and weighs more than 20 industry-specific metrics to assess financial and operational performance. Operators can share Scorecard outputs when seeking new locations, which Bonside says helps streamline diligence processes and reduce friction tied to leasing and expansion. The system has driven all of Bonside\u2019s investments to date, with zero defaults reported and returns exceeding multi-year targets.<\/p>\n

\u201cIn recent years, the health and wellness industry has seen explosive growth driven by a general culture shift towards personal care,\u201d Bonside founder Neha Govindraj said. \u201cWe\u2019re thrilled to continue capitalizing the growth of these repeatable, consistent physical concepts via new locations.\u201d<\/p>\n

The partnership follows Bonside\u2019s strategic equity investments from Kimco Realty and Nuveen Real Estate, announced in May.<\/p>\n","protected":false},"excerpt":{"rendered":"The fin tech firm\u2019s partnership with i80 Group could fuel the opening of hundreds of boutique studios, large…\n","protected":false},"author":2,"featured_media":313962,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[161654,46186,337,159,9664,97,19446],"class_list":{"0":"post-313961","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fitness","8":"tag-bonside","9":"tag-boutique-fitness","10":"tag-fitness","11":"tag-funding","12":"tag-gyms","13":"tag-health","14":"tag-zzz-b"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/313961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=313961"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/313961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/313962"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=313961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=313961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=313961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}