Racefully is a UK-based startup with a mission to revolutionize corporate wellness. Founded in 2014, the company aims to enable global participation in social and competitive exercise anytime, anywhere. Through its unique platform, Racefully allows businesses to enhance employee engagement and reduce health costs by providing a virtual team-based fitness solution.
The company's slogan, "Corporate wellness done well: collaborate, communicate and compete", aptly captures its vision. With a focus on the growing fitness market, Racefully distinguishes itself by promoting social interaction and shareability. Its web and smartphone platform facilitates the creation of healthy communities, catering to a wide range of users, from competitive athletes to individuals seeking a supportive and connected fitness experience.
Racefully's patented technology differentiates it from other running apps by enabling real-time competition and interaction among users globally. Despite some leading running apps boasting over 20 million users, none currently offer the same level of real-time global connectivity.
Regarding investments, Racefully received a substantial £160.89K Equity Crowdfunding investment on 31 August 2016. Although the specific investors are not mentioned, this infusion of capital likely contributed to the continued development of its innovative fitness platform.
Through its compelling offering and focus on enhancing corporate wellness, Racefully presents an intriguing investment opportunity in the hardware, healthcare, information technology, and sports industries.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Equity Crowdfunding | £160.89K | - | 31 Aug 2016 | |
Seed Round | £275.00K | 1 | SyndicateRoom | 20 Jan 2016 |
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