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Helsingborg-based Gympak, a company providing gym bags, portable exercise equipment, and a training app to enhance hotel guest experiences, has secured significant funding through CEO Jone Sølvik’s early stock option redemption. In July, Sølvik personally invested over €86.9K (1 million SEK) into the company, a move that will help Gympak handle increasing orders and support its expansion into new European and international markets. The capital infusion will also enable the company to develop additional products based on customer feedback as it continues to grow its presence in the hotel industry.
During the year, Gympak has established itself as an important player in the hotel industry. With three products and services aimed at helping hotels and resorts raise the level of service, the company has quickly become the talk of the industry.
Gympak offers gym bags, portable exercise equipment and a comprehensive training app for hotel guests. These products have received a positive reception and have contributed to the company’s inflow of millions to meet the large orders from its customers.
One of the most appreciated products from Gympak is its gym bag, which contains training clothes and accessories: shoes, socks, shorts, sports bra and T-shirt. The gym bag can be rented from hotels, which solves the problem for guests who don’t have room for exercise clothes in their bags or don’t want to pack sweaty clothes.
Gympak also offers portable training equipment that can be used in hotel rooms, in nature or in conference rooms. This allows guests to stay active during their stay, no matter where they are.
The third product is an exercise app with over 200 exercise videos for physical strength and over 40 videos for mental health. The app offers support for guests who want to maintain their exercise routine and strengthen their mental health even while on the go.
Many hotels, known for their already high level of service, have started using Gympak’s products to further improve their guest experiences. In a short time, Gympak has gained customers in the Nordic countries, Italy and Croatia, mainly among 4- and 5-star hotels.
In order to handle the rapid growth and the large orders, Gympak has received millions of dollars by having CEO Jone Sølvik redeem his options earlier than planned.
“Gympak is in an expansive phase, much earlier than we first estimated,” says Sølvik.
He also mentions that the company is planning several new products based on customer requests.
Jone Sølvik has a long and varied career behind him, with 16 years in the clothing industry and 14 years in the tech and auditing industry, where he was partner and head of innovation. His extensive experience and innovative leadership have been crucial to Gympak’s success and rapid growth.
Krister Azelius, chairman of Gympak, comments: “Jones’ redemption of options is seen as a statement of strength and shows confidence in the company’s future. We are very satisfied with the development so far and the future undeniably looks very exciting.”
Gympak works together with sales companies that handle sales and plans to open many new markets in and outside Europe during the autumn. This expansion focus is expected to further strengthen the company’s position in the international hotel market.
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Read the orginal article: https://arcticstartup.com/gympak-raises-funding/
