November 2, 2020
Under Armour announced late last week that it is selling off MyFitnessPal to investment firm Francisco Partners for $345 million – a fair bit lower than the $475 million it paid for the connected fitness app and platform back in 2015.
The deal is set to officially close in the fourth quarter, and its value is inclusive of potential earn-out payments. The selloff comes roughly three years after...
January 8, 2020
Online fitness membership platform ClassPass announced this morning the close of a hefty $285 million Series E investment round that, according to a spokesperson, propels the New York-based company’s valuation past the $1 billion mark.
The new raise was led by L Catterton and Apax Digital, while prior backer Temasek also made an appearance. As a result of their participation, L Catterton’s Marc...
December 19, 2019
Gympass, a platform for employer’s benefits programs that offers fitness class bookings to members, announced this week the acquisition of Lisbon, Portugal-based artificial intelligence company Flaner.
With this, the Brazil-grown fitness platform will be opening up a new “Tech Hub” in Lisbon that will begin with Flaner’s current employees and expand to a full staff of 50, according to Gympass....
October 21, 2019
Fitt, a digital platform that highlights local fitness and wellness options for consumers, has closed a round of funding led by Mountain State Capital. Riverfront Ventures and prior backer TNC Ventures also participated, as did wellness business management software company MINDBODY, which is coming on board as a strategic partner.
The startup did not specify the value of the raise.
WHAT THEY DO...
September 11, 2019
Personal training app Fitplan has announced a new $4.5 million funding round headlined by Corazon Capital, Major League Baseball veteran Alex Rodriguez’s A-Rod Corp and 24 Hour Fitness founder Mark Mastrov. Prior investors Lerer Hippeau, Bullpen Capital, Imaginary and Advancit Capital also participated.
WHAT THEY DO
The Fitplan app delivers on-demand video workout sessions and exercise tracking...
September 5, 2019
RocketBody, an app for the Apple Watch that uses ECG data and machine learning to guide workouts, has raised $1 million in new funding from Gagarin Capital and AltaIR Capital.
WHAT THEY DO
RocketBody is the product of Kickstarter and IndieGoGo campaigns that raised roughly $70,000 for its pitch of a $109 ECG wearable back in 2018. The readings from this device would inform an artificial...
June 24, 2019
Four years after launching, the Canadian wellness platform Carrot Rewards announced that it will shut down its app-based service due to lack of investment.
“It breaks our hearts to be saying farewell to you as we have closed down the Carrot Rewards app,” Andrea Soulvaliotis, founder and CEO of Toronto-based Carrot Insights, wrote in a statement posted on Carrot Rewards’ website last Wednesday. “...
June 12, 2019
Gympass, a platform that offers fitness classes through an employer’s benefits program, announced today new strategic funding led by SoftBank’s Vision Fund Lain America Fund, and support by previous backers such as General Atlantic, Atomico and Valor Capital Group.
Bloomberg and others are pegging the investment at $300 million, lending the startup a $1 billion-plus valuation when taking its...
May 23, 2019
Future, maker of an app-based personal trainer and nutrition service, has raised $8.5 million in Series A funding round led by Kleiner Perkins. Mamoon Hamind, a partner at the venture capital firm, will be joining Future’s board.
WHAT THEY DO
Through its $150 per month subscription app, Future pairs consumers with a remote personal fitness coach that will provide weekly training plans that can be...
April 24, 2019
No longer bound to Android phones or Wear OS, the Google Fit app is coming as a standalone iOS download for iPhone users, according to a Google blog post published earlier today.
Since its big redesign last August, Google’s free exercise and heart health tracking platform already seemed to take a page from Apple’s own fitness offering with its fitness ring-like progress bars.
Now the app, which...