July 9, 2018
Prying eyes. Polar now joins Strava in the list of fitness app makers accidentally betraying military information. According to a report from the Dutch publication De Correspondent, an opt-in feature within the app posts users’ routes to an online map can become a gateway to their private information with diligent searching and a simple modification of the browser’s web address. Working with the...
June 21, 2018
On-demand fitness content maker Aaptiv has raised $22 million in a new funding round led by Millenium Technology Value Partners. Existing investor Insight Venture Partners also contributed to the round, as did several strategic investors: The Amazon Alexa Fund, Disney, Warner Music Group, and NWS Holdings.
Aaptiv offers an app that helps a user choose from a library of audio training sessions...
May 23, 2018
Amsterdam-based fitness app company Virtuagym has raised $7 million (6 million euros) in its second round of funding. European tech investor Endeit Capital led the round.
"Technology is gaining momentum in the health and fitness industry," Hugo Braam, CEO of Virtuagym, said in a statement. "As a front-runner in the space we've been promoting technology for over a decade now, and it's great to...
March 30, 2018
Under Armour has notified users of its MyFitnessPal food and nutrition app of a large-scale user data breach that occurred in late February. The company’s investigation into the breach is ongoing, according to a statement, but so far indicates that the usernames, email addresses, and passwords of approximately 150 million users have been compromised.
“We understand that you value your privacy and...
February 12, 2018
HealthifyMe, an Indian company offering a weight loss and fitness app that features an artificial intelligence-powered assistant, has raised $12 million in Series B funding.
The round was led by Sistema Asia Fund, with Samsung NEXT, Atlas Asset Management, Dream Incubator, and others supporting the company for the first time. Returning investors IDG Ventures India, Inventus Capital, Blume...
January 18, 2018
Earning a little extra toward workout products and fitness classes could be as easy as tracking the steps you take outside. London-based Sweatcoin, a company which “pays” users a digital currency based on their daily steps, has just landed $5.7 million in a funding round led by Goodwater Capital with participation from Seedcamp, Greylock Partners, Rubylight, SmartHub, and several angel investors...
December 19, 2017
London-based Fiit announced that it has secured $3.2 million (£2.4 million) in funding for its app-based fitness coaching service with an accompanying wearable tracker. The round was led by London-based Connect Ventures, with participation from JamJar, Rooks Nest Ventures, and Westminster Capital.
“Traditional gyms and studios have limitations for most people because they haven’t successfully...
December 19, 2017
Last week Japanese sports apparel company ASICS announced the launch of its new mobile fitness app, ASICS Studio. The app gives users access to on-demand workouts, including trainer-led audio, curated playlists and visual cues.
The company aims to replicate workouts at boutique fitness classes. The workouts have all been created by professional trainers and are paired with a curated music...
December 5, 2017
Under Armour announced a number of executive changes that affect the sports apparel company’s Connected Fitness business, including the departure of MyFitnessPal founders Mike and Albert Lee, the company’s Chief Digital Officer and SVP Digital Product, respectively.
“We're appreciative of the nearly three years that Mike and Al have fully and generously served at Under Armour following the...
June 19, 2017
New York-based ClassPass, a virtual fitness membership network, has raised $70 million in Series C funding in a round led by Temasek. Existing investors Acequia Capital, CRV, General Catalyst, GV, M13 and Thrive also contributed to the funding, which ClassPass will use to expand operations and develop new products.
ClassPass, which was founded in 2013, uses an app to connect users to fitness...