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Sale of stake in Zappy Limited

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News Tech: Octopus Titan VCT plc

The Board of Octopus Titan VCT plc (the “Company”) is pleased to announce that ABC Fitness have acquired Zappy Limited (trading as Glofox). Glofox is a full stack software management platform (B2B SaaS) designed for gyms and fitness studios.

Disposal of stake in Zappy Limited

Titan first invested in 2019 and participated in one further round of investment. Cumulatively, Titan invested £5.1m in the business. Although the details of the transaction are not being disclosed, the transaction represents an attractive exit for the Titan shareholders.

Octopus Company Secretarial Services Limited

Tel: +44 (0)80 0316 2067 LEI: 213800A67IKGG6PVYW75

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