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...
Recent investigations of smartphone app-based activity interventions suggested that these approaches have a positive, but not significant, impact on individuals' daily physical activity, according to a recent meta-analysis of published randomized controlled trials (RCTs).
Despite the limited gains, the evidence does suggest that the effect differs based on how the interventions are deployed and...
Cure.fit, an Indian fitness, health and lifestyle brand with $400 million in funding, announced this morning the official kickoff of its U.S. launch. Its app is now available for free download on the App Store and Google Play.
Founded in 2016, the brand gained steam in its home market by taking a holistic, integrated approach to wellness. The strategy is demonstrated through its range of sub-...
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...
Online fitness startup Freeletics has raised $45 million in Series A funding, according to an announcement released yesterday. The funding round was led by FitLab, Causeway Media Partners and JAZZ Venture Partners, with additional support from Courtside Ventures, Elysian Park Ventures, ward.ventures and individual backer Tony Robbins.
Founded in 2013, Freeletics has built a number of fitness and...
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...
Fitness chain Gold’s Gym has launched a digital personal training app that features pre-recorded video trainer routines and a built-in music streaming service.
The service, which costs $9.99 monthly, offers members and non-members of the gym hundreds of trainer-led workouts. These workouts are spread across 10 different exercise modalities, and range from six to 60 minutes long.
According to Gold...
Berlin-based 8fit has raised $10 million in its first round of funding to support its health and fitness app of the same name. Creandum, a European VC investor, and Eight Roads Ventures, a global firm, co-led the round.
The 8fit app, which offers personalized workout and meal plans as in-app purchases, has been on both the iOS and Google Play stores since 2014. The company says half of its users...
London-based genomics company DNAFit has launched Elevate, an online training platform that incorporates users’ genetic information to create personalized workout plans.
Elevate, which DNAFit developed with the input of Olympic track and field athlete Greg Rutherford, is based on the company’s saliva-based genetic test kit. It screens for 45 specific gene variants, which may be linked to each...
Fitbit is in discussions to acquire fitness coaching app developer, FitStar, for $25 to $40 million in a mix of cash and stock as early as next week, according to a report from TechCrunch. The report adds that it's possible the deal may not go through.
FitStar has created two apps, FitStar Personal Trainer and FitStar Yoga. The latter launched a few months ago. Both applications are free to...
