raises

fitness

Salut raises $1.25M for its virtual fitness service

This morning Salut, an app-based service that allows fitness trainers to host classes virtually, announced that it has raised $1.25 million in a new financing event. The round was led by Charles Hudson, an investor at Precursor Ventures.

Loading...

Load Error

Founder Matthew DiPietro, formerly of Twitch, told TechCrunch that Salut soft-launched in mid-September, with a wider release coming today.

DiPietro thought up the concept behind Salut before the pandemic hit, he said during an interview, but after COVID-19 appeared the idea took on new urgency. The company put together what DiPietro described as a no-code alpha version of the service in May to test the market, allowing the then-nascent startup to validate demand on both sides of its marketplace — it’s famously difficult to jumpstart two-sided marketplaces, as demand tends to follow supply, and vice-versa.

The test allowed the company to get to confidence on demand existing from both trainers and exercise fans, and in its initial economic model.

With the new round in the bank and its product now formally launched, it’s up to Salut to scale rapidly. The company currently has 55 registered trainers on its platform, a reasonable start for the seed-stage startup. It will need to grow that figure by a few orders of magnitude if it wants to generate enough revenue to reach an eventual Series A.

But Salut is not focused on early-revenue generation, taking no cut of trainer revenue today. Indeed, per an email the company sent out to its users this morning, the startup is passing along 100% of post-Apple income that trainers generate, or 85% of the gross.

Currently users can donate to, or tip, trainers that host classes. DiPietro told TechCrunch that subscription options are coming in a quarter or two. The startup also announced today that trainers can now allow their classes to be replayed, what the startup called one of its “most requested features.”

Anyone familiar with Peloton understands why this matters; only a fraction of classes on the Peloton ecosystem are live at any point in time, but the bike comes with a library of content that users can simply load up whenever they like. This also allows Peloton to release more niche content than it otherwise might, as even the heavy metal-themed rides can accrete a reasonable ridership over time (something they might not be able to manage if all classes on the platform were only live once and then gone forever).

DiPietro is bullish on building income streams for trainers, especially during a pandemic that has locked many gyms, leaving fitness processionals with little to no income in many cases.

There’s some early signal that users are willing to pay, the company said, with early users willing to pay $5 or $10 for an hour of fitness training. And with a focus on the long-tail of trainers who can’t attract 10,000 fans to a single class, Salut thinks there are a large number of trainers who have enough pull to generate more income

Read More
fitness

Shred Raises $4M to Modernize Home Fitness with Fun, Motivating, Social Workouts

LOS ANGELES, Nov. 12, 2020 /PRNewswire/ — Shred, the best way to get fit together, announced $4M in seed funding from leading Silicon Valley investors and celebrities. The funding will be used to grow and expand Shred’s digital fitness platform and bring new products and features to its growing community, including the launch of a new video streaming platform that lets consumers workout with their friends. This new functionality will begin rolling out by the end of the year, just in time for the holidays. You can join the waitlist here!

Since inception, more than a million consumers have made Shred their fitness destination, with COVID-19 driving significant interest as consumers reshape their fitness routines while gyms around the globe remain closed. The number of home workouts versus gym workouts has doubled during the pandemic. The growing number of Shred users have created a unique, motivated community because the ability to egolessly motivate each other is so powerful and engaging. Collectively, more than 3 million workouts and 76 million exercises have been completed on Shred.

“When we started Shred, we wanted to build a way for our friends to exercise with each other, despite being separated by hundreds of miles and having very different, very busy schedules. It’s amazing to see our passion turn into something that’s changing so many lives for the better. Shred embodies what tech-for-good means and I’m proud to build Shred every day,” said Charlie Hale, Shred Co-founder and Head of Product.

“I’m excited for the potential I see for Shred users in a new era of social fitness. While the world has clearly changed over the past several months, mobile technology has also created a once in a generation opportunity to create an amazing experience. The team at Shred has built an incredibly engaging product, and I’m even more excited about what I know what’s coming soon,” said Eduardo Vivas, an early investor and angel investor. 

The future of fitness is increasingly remote and asynchronous. People want to work out with their friends and on their own time – which was previously impossible to achieve. With Shred and the upcoming video-based social workout launch, people can workout whenever they want with whoever they want and have a great time doing it!

About Shred

Shred is the best way to get stronger & workout harder with dynamic, personalized training programs for your home or gym, step-by-step coaching & tracking, and fun motivation from a hardworking community around the world. Let’s get started! Visit https://www.shred.app/.

Press Contact
Jessi West
[email protected] 
(415) 343-5880

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/shred-raises-4m-to-modernize-home-fitness-with-fun-motivating-social-workouts-301172334.html

SOURCE Shred

Source Article

Read More
medicine

Limaca Medical Raises $1.25 Million to Enhance Precision Medicine Through Improved Biopsies

MISGAV, Israel, Nov. 10, 2020 /PRNewswire/ — Limaca Medical, (“Limaca”) a portfolio company of The Trendlines Group Ltd. (SGX: 42T) (OTCQX: TRNLY), a leading Israel– and Singapore-based investment group focused on high-growth medical and agrifood technologies, announced it has closed $1.25 million of a  $1.5 million round to complete first-in-human (“FIH”) procedures, post-market clinical studies, and obtain regulatory approvals.

Iyad Khamaysi, MD, using Limaca’s Precision(TM) in first-in-human study at the advanced endoscopy unit of the gastroenterological department of RAMBAM Health Care Campus, Haifa, Israel

Limaca has raised $1.25 million from Trendlines, Agriline (ultimately owned by a trust of which Vincent Tchenguiz is a discretionary beneficiary), Limaca Chairman and medical device industry veteran Carl Rickenbaugh, and a private investor.

The Precision™ biopsy device developed by Limaca deploys an automated revolving needle to acquire high-quality core tissue for histopathology and advanced genetic profiling. The Precision device makes it possible to acquire biopsy tissue samples at ten times greater procedural efficiency with less trauma than today’s endoscopic standard of care for greater diagnostic accuracy and patient-specific treatment to achieve better clinical outcomes.

Limaca’s CEO Assaf Klein commented, “We designed Precision to improve upon endoscopic biopsies and make a substantial leap forward in this critical diagnostic procedure to advance  precision treatment and achieve superior outcomes for cancer patients.”

To date, 10 patients have been enrolled in Limaca’s FIH study at the Rambam Health Care Campus in Israel. The FIH study compares Limaca’s Precision to standard of care EUS biopsy devices. Results have demonstrated excellent ease of use, safety, and improved sample capture. Iyad Khamaysi, MD, Director, Invasive Endoscopy Unit, Rambam Health Care, and one of Limaca’s founders, states, “Precision exceeded all clinical expectations for endoscopic biopsy while demonstrating clear safety in our cases.”

Limaca’s initial market is biopsy sampling for pancreatic cancer, an $850 million opportunity. Current methods used for sampling of this deadly cancer are outdated and provide poor tissue samples, frequently requiring a second biopsy procedure to acquire more tissue for diagnostic testing.  Additional markets for Precision, which are estimated at over $400 million, address biopsy sampling for the diagnosis of lung cancer, liver biopsy, lymphoma, and other cancers where endoscopic biopsy is feasible and subcutaneous tissue sampling is difficult.

Carl Rickenbaugh, Limaca’s Chairman, comments “The medical provider and payor markets respond to superior devices when they demonstrate strong clinical relevancy. We built Limaca to address the need for a more efficient endoscopic procedure for the provider, and for the cancer patient and payor, greater certainty to gain sufficient sample quality and quantity needed for pathology as well as more stringent genetic testing requirements.”

Contact information
Assaf Klein, CEO Limaca Medical
[email protected]
+972-54-229-9572

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/limaca-medical-raises-1-25-million-to-enhance-precision-medicine-through-improved-biopsies-301169885.html

SOURCE Limaca Medical

Source Article

Read More
health

New Jersey, Arizona approve recreational marijuana, Florida raises minimum wage

By Peter Szekely and Sharon Bernstein

(Reuters) – Voters in New Jersey and Arizona legalized marijuana for recreational use on Tuesday, and in Oregon approved the country’s first therapeutic use for psilocybin, the hallucinogenic drug known as magic mushrooms.

The measures on drug use were among more than a hundred ballot questions put to voters on a range of topics including elections, abortion rights and taxes.

In all, at least 124 statutory and constitutional questions appeared on ballots this year in 32 U.S. states and the District of Columbia, according to the National Conference of State Legislatures (NCSL).

Among the highlights: Colorado voters defeated a measure that would have banned late-term abortions, Florida approved a hike in the minimum wage and California exempted rideshare and delivery drivers from a state law that would have made them employees of such companies as Lyft and Uber, rather than independent contractors.

Here are some of the key results of this year’s ballot measures based on projections from the NCSL and Edison Research:

MARIJUANA

Voters in New Jersey and Arizona approved measures to legalize marijuana for recreational use. The question was also on the ballot in Montana and South Dakota, which is also considering the drug’s use for medical purposes. Mississippi voters were also considering legalizing medical marijuana.

Since 1996, 33 other states and the District of Columbia have allowed medical marijuana, 11 had previously approved its recreational use and 16, including some medical marijuana states, have decriminalized simple possession, according to the National Organization for the Reform of Marijuana Laws.

PSILOCYBIN, AKA MAGIC MUSHROOMSPsilocybin, a hallucinogen also known in its raw form as magic mushrooms, was approved by Oregon voters for therapeutic use for adults. Backers of the Psilocybin Services Act cited research showing benefits of the drug as a treatment for anxiety disorders and other mental health conditions. The measure will set a schedule to further consider the matter and create a regulatory structure for it.

In a related measure, Washington, D.C., voters approved Initiative 81, which directs police to rank “entheogenic plants and fungi,” including psilocybin and mescaline, among its lowest enforcement priorities.

MINIMUM WAGE

Voters in Florida approved a measure to amend the state constitution to gradually increase its $8.56 per hour minimum wage to $15 by Sept. 30, 2026.

CALIFORNIA GIG WORKERS

California voters approved a measure that would exempt ride-share and delivery drivers from a state law that makes them employees, not contractors, according to Edison Research. The measure, Proposition 22, is the first gig-economy question to go before statewide voters in a campaign. Backers, including Uber Technologies Inc and Lyft Inc, spent more than $190 million on their campaign, making the year’s costliest ballot measure, according to Ballotpedia.

ABORTION

Colorado voters rejected a measure to ban late-term abortions.

(Reporting by Peter Szekely in New York and Sharon Bernstein in Sacramento; Editing by Lincoln Feast.)

Source Article

Read More
fitness

Fitness Wearable WHOOP Raises $100M From Backers Like Durant, Mahomes on Cheddar

Fitness tech company WHOOP has found fresh new funding. The maker of the fitness tracker that many pro athletes are wearing has raised $100 million in Series E financing. The company is now valued at $1.2 billion. 

Among the professional athletes that invested are NBA star Kevin Durant,  NFL stars Larry Fitzgerald and Patrick Mahomes, and PGA champion Justin Thomas, to name a few. 

WHOOP became a fixture on the PGA Tour back in June. Pro-golfer Nick Watney has credited the device with detecting that he had COVID-19, the first positive case on the Tour. 

The company’s main purpose, though, is fitness. It offers coaching to help people improve their health and the strap monitors sleep, recovery, strain, and more. 

“In particular, we’ve seen value in measuring respiratory rate during this unusual time with COVID-19. So we published a lot of research around how respiratory rate is an important metric to understand,” Will Ahmed, founder and CEO of WHOOP, told Cheddar on Thursday. 

A study published in the Journal of Clinical Sleep Medicine earlier this year found that after a year of using WHOOP, members experienced longer and more consistent sleep, decreasing resting heart rate, and meaningful behavior changes. 

The company strives to help users change everyday aspects of their lives, which can mean smoother travel, fewer injuries, and using less alcohol. 

“I think the single biggest thing that WHOOP does that other products don’t do is it gives you actionable feedback to improve behavior,” Ahmed said, adding, “I think most people intuitively would say that their diet affects their body but they wouldn’t necessarily know positively or negatively how so — and that’s where WHOOP steps in.”

Whoop is not alone in this industry. Amazon is in the health tech space with its Halo, Google with its acquisition of Fitbit, and Apple with its smartwatch. While tech companies have come under scrutiny for how they use personal data, Ahmed stated that WHOOP is focused on member privacy.

“Over time, I expect every big tech company to want to play in this space,” Ahmed said. “Our focus on the end-user, our focus on driving behavior change and health benefits, I mean I think that’s really the hardest thing to do in this space. That’s where we are going to win.”

Source Article

Read More
fitness

Whoop raises $100 million, valuing the fitness tracker startup at $1.2 billion

(Reuters) – Fitness tracker startup Whoop said on Wednesday it raised $100 million in Series E funding from investors including venture capital firm IVP and SoftBank Vision Fund 2, valuing the company at $1.2 billion.

Popular athletes like 10-time NBA All-Star Kevin Durant, Super Bowl MVPs Patrick Mahomes and Eli Manning, among others, also participated in the funding round, the company said in a statement here.

Boston-based Whoop said it would primarily use the new funds for product and software development, global expansion and membership services.

Whoop also offers a monthly subscription for round-the-clock health monitoring through a free fitness band it provides with the membership.

The company’s tracker is the fitness band of choice for a host of pro-athletes. The PGA Tour had bought 1,000 Whoop bands for players, caddies and media covering the golf tournament.

Whoop founder Will Ahmed said customers were increasingly using the technology to measure their respiratory rate, which is a key statistic for understanding COVID-19.

Founded in 2012, the company said it has raised over $200 million till date.

Reporting by Ayanti Bera in Bengaluru; Editing by Devika Syamnath

Source Article

Read More
fitness

Whoop raises $100 mln, valuing the fitness tracker startup at $1.2 bln

Oct 28 (Reuters) – Fitness tracker startup Whoop said on Wednesday it raised $100 million in Series E funding from investors including venture capital firm IVP and SoftBank Vision Fund 2, valuing the company at $1.2 billion.

Popular athletes like 10-time NBA All-Star Kevin Durant, Super Bowl MVPs Patrick Mahomes and Eli Manning, among others, also participated in the funding round, the company said in a statement here.

Boston-based Whoop said it would primarily use the new funds for product and software development, global expansion and membership services.

Whoop also offers a monthly subscription for round-the-clock health monitoring through a free fitness band it provides with the membership.

The company’s tracker is the fitness band of choice for a host of pro-athletes. The PGA Tour had bought 1,000 Whoop bands for players, caddies and media covering the golf tournament.

Whoop founder Will Ahmed said customers were increasingly using the technology to measure their respiratory rate, which is a key statistic for understanding COVID-19.

Founded in 2012, the company said it has raised over $200 million till date.

Reporting by Ayanti Bera in Bengaluru; Editing by Devika Syamnath

Source Article

Read More
health

GoodCell Raises $17.9 Million to Accelerate Development of Its Actionable Health Technology Platform

Capital will fuel continued growth of the company’s IP for measuring genetic variations in cells and scaling its cutting-edge data and analytics platform to track, monitor and support identification of potential health risks

GoodCell (“LifeVault Bio”), the company decoding human health to extend and improve the quality of life through technology powered by science, today announced that it has raised $17.9 million in a preferred equity round. GoodCell intends to use this latest funding to support the company’s IP for detecting and monitoring accumulated genetic variation within blood cells. Financing will also help advance the company’s big data analytics platform to validate novel applications for its health tracking and risk identification solutions through GoodCell Diagnostics and GoodCell’s personal biobanking service.

“COVID-19 has demonstrated the importance of solutions that can help people understand their risks and stay ahead of their health,” said Trevor Perry, Founder and Chief Executive Officer, GoodCell. “We are grateful for a growing investor community that shares our passion for delivering on the promise of personalized healthcare. This latest capital infusion will help us achieve our next stage of development for our platform as we introduce new solutions to the market that change the way individuals, researchers, clinicians and pharmacists predict, identify and monitor disease risk.”

Inherited genetic predisposition to disease has become a fixture of research and clinical care. However, accumulated, or somatic, genetic variations that emerge as a result of age and environmental factors remain a relatively underexplored area of study. A growing body of research suggests that accumulated genetic variations that culminate in the expansion of detrimental variations and cause damage to DNA within blood cells – a phenomenon known as clonal hematopoiesis (CH) – may be linked to higher disease risk. Notably, research continues to bolster linkages between these somatic changes and the aberrant immune response associated with severe COVID-19 cases. These variations have also been correlated to a predisposition toward certain cancers and cardiovascular conditions.

GoodCell, which recently filed patent applications for methods of predicting susceptibility to infectious disease and related methods of treatment, uniquely measures and monitors both inherited and acquired genetic variations in blood stem cells and other nucleated cells in blood over time. Proceeds from this latest raise will support the ongoing buildout of the company’s proprietary data aggregation and analytics technology platform, which aims to decode our cells and harness their insights to advance population and personal health. The funding is also intended to support exploration and development of novel applications for these data streams to support emerging science as it relates to pathogen susceptibility, cell quality, autoimmune and inflammatory disease assessment and more.

Notably, the company’s latest filings informed the development of the GoodCell Pathogen Susceptibility Testing Platform and serve as the foundation for a recently launched three-stage study to investigate COVID-19 in collaboration with New York Blood Center. The resulting research, anticipated in the coming months, is expected to provide important data on COVID-19 risk factors that could ultimately inform the creation of a first-of-its-kind susceptibility test

Read More
health

Papa John’s Raises More than $40 Thousand with the Shaq-a-Roni Pizza

Funding will support families and communities across Canada

LOUISVILLE, Ky., Oct. 23, 2020 (GLOBE NEWSWIRE) — Papa John’s Canada announced the company raised more than $40 thousand through sales of the Shaq-a-Roni pizza for Boys & Girls Clubs of Canada to help address challenges posed by COVID-19 for kids and families, and to drive leadership development programs for kids in local communities.

“Thanks to the generosity of each customer who ordered a Shaq-a-Roni pizza and the support of our franchisees and team members, we raised more than $40 thousand to support a cause very close to my heart,” said Shaquille O’Neal, Papa John’s Board Member and franchise owner.

One dollar from every Shaq-a-Roni sold between June 29 and August 23 was donated to Boys & Girls Clubs of Canada.

“The money raised through the Shaq-a-Roni is going to incredible organizations that support causes like COVID-19 relief and the fight against racial injustice,” said Shaquille O’Neal. “As a Boys & Girls Clubs alum, I know the impact Papa John’s continued support is having on these kids and their families’ lives.”

“Papa John’s has been fortunate during the pandemic, as we have been able to deliver food to people who want or need to stay at home. It’s our privilege to both feed our communities and give back during these challenging times,” said Rob Lynch, president and CEO of Papa John’s. “Last year we launched The Papa John’s Foundation for Building Community, aligned with our company values of People First, Do the Right Thing and Everyone Belongs. Especially in these times of need, we’re proud to continue our work towards equality, fairness, respect and opportunity for all through our ongoing partnerships like Boys & Girls Clubs.”

“It has been incredible to see the enthusiasm of Shaq, the Papa John’s Canada corporate team, and local franchisees as they bring this partnership north of the border,” said Owen Charters, President & CEO, Boys & Girls Clubs of Canada. “Our counterparts at Boys & Girls Clubs of America have been working with Shaq and Papa John’s for quite a while, so working with us was a natural fit—and more important than ever during the COVID-19 pandemic. We are grateful for their generous donations and advocacy for our Clubs, and we look forward to building this partnership here in Canada.”

The Shaq-a-Roni, offered for a limited time, is an extra-large pizza made with Papa John’s fresh, never-frozen six ingredient dough, topped with extra cheese and extra pepperoni, then cut into Papa John’s largest slice size to-date. More information about the Shaq-a-Roni pizza, including the Papa John’s Foundation and its grantees, can be found at www.papajohns.com/foundation.

About Papa John’s
Papa John’s International, Inc. (NASDAQ: PZZA) opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA.® Papa John’s believes that using high quality ingredients leads to superior-quality pizzas. Its original dough is made of only six ingredients and is fresh, never frozen. Papa John’s tops its pizzas with real cheese made from mozzarella,

Read More
fitness

Caliber Raises $2.2M for its Fully Remote and Personalized Fitness Coaching Platform

It’s been easy to gain the Covid-15 during the lockdown, and now that things are slowly opening back up, people are looking for new ways to shed the extra pounds that may have accumulated. Caliber is the fitness coaching platform that offers strength training, nutrition guidance, and a personal fitness coach that’s accessible via text and video messaging to keep you on track.  By pairing Caliber members with fitness experts, Caliber solves the biggest hurdle in getting into and staying in shape – accountability. Members can choose to pay monthly or through a 3 to 6-month subscription and coaches on the platform can supplement their income that comes from training in person.

AlleyWatch caught up with Cofounder and CEO Jared Cluff to learn more about the genesis for the business, how the public’s perception of working out outside of the gym completely flipped, and the company’s recent funding round.

Who were your investors and how much did you raise?

We raised $2.2M for our Seed round.  The round was led by Patricia Nakache at Trinity Ventures based in the Bay Area, with participation from Gaingels, based here in New York.

Tell us about the product or service that Caliber offers.

Caliber is the future of fitness coaching.  We are a comprehensive, fully remote fitness coaching platform that combines a strength-based training methodology with expert human coaching to help our members achieve their fitness goals regardless of their age, experience level, or access to equipment.

Coaching takes place via the Caliber app, where our members can access their personalized training and nutrition plan, interact 1-on-1 with their coach via text and video messaging, complete their workouts and record their body stats, develop healthy habits through weekly Caliber Lessons, and monitor their progress via their Caliber Strength Metrics.

What inspired the start of Caliber?

It’s bizarre, my cofounders and I all share the same story of walking into a gym for the first time as scrawny teenagers, witnessing a bunch of red-faced, grunting dudes stomping around and glaring at each other… and immediately hightailing it out of there.

Yet despite that formative and slightly terrifying first encounter with the gym, we’ve all grown to incorporate fitness – and strength training in particular – as a foundational part of our lives.  The research backs it up, too.  Training for strength is one of the most beneficial forms of exercise.  Recent studies have proven a link between muscle mass and lifespan and have shown that regular strength training can reduce the risk of heart disease by 80% or more.  In addition to improving your cardiovascular health and your longevity, strength training can have a dramatic impact on your mood.  We each can’t start our day without some form of workout, and we’re passionate about sharing the benefits of regular training to people who haven’t yet experienced these benefits firsthand.

At this stage in life for me and my cofounders, it’s not about the aesthetics of being fit, but rather about helping our members

Read More