Case Study: Puppysphere scales puppy yoga to 14 studios with Wayflyer financing

Puppysphere grows revenue 300% and scales to 14 studios with Wayflyer

Puppysphere, a business that runs puppy yoga and wellness events, faced a capital-intensive challenge when expanding into new cities. The upfront costs for opening new studios, such as rent deposits and fit-out expenses, had to be paid before any ticket revenue was generated. Despite being profitable, their fast-growing and non-traditional growth pattern did not meet the criteria for conventional bank loans. Puppysphere turned to Wayflyer for a growth-based financing solution.

Wayflyer provided a loan based on Puppysphere's growth trajectory and sales performance. This capital allowed them to fund the opening of six new studios initially, which grew their revenue by 300% from a base of around $2 million. A subsequent loan funded more locations, helping the business expand from 4 to 14 studios. Wayflyer's financing enabled Puppysphere to grow without impacting its own cash flow and project $17 to $20 million in revenue.

Puppysphere