PaidWorkout (Equity)
Funding Details
- Awarder
- StartEngine
- Date Award
- January 01, 2024
- Vertical
- Fitness
- Funding URL
- View Funding Page
- Valuation
- $5,010,000
- Funding Amount:
- $166,004,300,000
Company Info
- Founding Year
- 2024
- Traction
- Paid Workout quickly achieved a stout user acquisition of 10K users in 100 days, and over 20,000 users within 6 months of launch. The app has a conversion rate from free to paid membership of 13%, which is more than double the industry standard.
- Revenue Amount
- $30,000,000
- Organizations Involved
- StartEngine Capital, LLC
- Founders
- Nicole Pekerman, Michael Bluestein
- Company Description
- Paid Workout is a fitness motivation app that gamifies and incentivizes fitness and activity. The app focuses on motivating users to maintain a healthy lifestyle by offering incentives to work out. It offers various challenges and programs to encourage users to invest in their wellness.
- Market
- Wellness Gaming
- Location
- Miami Beach, FL, US
- Coinvestors
- StartEngine Capital, LLC