22 Feb 2016
Oxygen Freejumping targets 30 sites by 2018 after £10m funding boost
BY Jak Phillips
Oxygen Freejumping has set its sights on reaching 30 locations across the UK by 2018, after securing £10m in funding to fuel growth.
The trampolining business – set up by ex-ukactive CEO David Stalker and LA fitness founder Fred Turok, with backing from leisure veteran Steve Philpott – currently has two locations and recently signed a deal with Lucozade Powerleague to open five more sites this summer. Oxygen says it has two further sites “in the hands of solicitors” and is now aiming to reach 30 parks within two years, following the £10m investment from Beechbrook Capital and existing investors.
“There were a number of offers on the table, through our advisors Zeus Capital and we are delighted that Beechbrook is investing £8 million in this stage of our development,” said Turok.
“This is a fast paced and exciting leisure market, similar to the growth of the health and fitness sector a few years back.”
To read an in-depth feature on Oxygen Freejumping – from the September edition of Health Club Management magazine, click here.
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