News Summary

Montréal-based FLiiP, a fitness business management software company, has raised $4.4 million in seed funding to expand its platform in North America and Europe. The funding round was led by Cultivation Capital and included participation from Boreal Ventures and angel investors. FLiiP’s platform, designed by founder and CEO David Bourbonnière, offers a comprehensive SaaS solution for managing multi-location gyms, providing tools for customer relationship management, payments processing, and data analytics. The company plans to integrate artificial intelligence to enhance data trend analysis, aiming to fill gaps left by industry consolidation and competition such as Mindbody. FLiiP intends to double its team size and quadruple its growth over the next two years.