Virgo Investment Group has invested $18m in the PAR-backed online fitness platform in the form of series C funding, bringing its overall equity financing to $41m.

Peerfit, the US-based employee fitness scheme provider backed by industrial materials processor PAR Group, received $18m in series C funding from investment firm Virgo Investment Group on Tuesday.

Founded in 2011, Peerfit has developed an online platform that enables insurance carriers, brokers and employers to offerfitness class es and gym access to employees as part of their corporate benefit packages. Users can also buy individual subscriptions and book classes through an app.

Part of the initial series C funding will…