Digital Fitness Company Freeletics Receives Investment from US Investors
Summary
Freeletics , a Munich, Germany-based digital fitness company, received a significant investment from a group of US-based venture capital firms.Mark Wan from Causeway and John Spinale from JAZZ will join the board of directors.The company intends to use the funds to accelerate growth.Founded in 2013 by Joshua Cornelius, Mehmet Yilmaz and Andrej Matijczak, who will be exiting the company, and led by CEO Daniel Sobhani, Freeletics provides Freeletics Bodyweight, a fitness app featuring an advanced AI technology to enable users to train anytime, anywhere.Freeletics Bodyweight, which approximately has 30 million users in over 160 countries, can be downloaded for free in the App Store and Google Play Store.
Funding
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Date
August 16, 2018
Announcement date
Investors
ward.ventures
Lead investors
Company
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Funded company
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applications
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