we:bo, the on-demand personal training service, has closed a further round of investment from Elixirr Capital to enhance their customer offering and focus on helping more people use the app to improve their physical and mental health and wellbeing.
The first round of funding helped to develop a minimum viable product (MVP), launch it to the market and test the response. We are delighted that the we:bo team achieved all their targets including proving the revenue model and achieving an average of 5/5 customer experience rating and 5/5 Personal Trainer experience rating. This clearly demonstrates that we:bo works both for users and the trainers, and that we have something unique in the market that is having a real impact on people’s health.
Based on this, Elixirr Capital have invested an undisclosed amount in the second round of seed funding. This startup capital will help we:bo build on the core MVP to enrich the user experience and help get the fitness app out to more people who want to improve their health and wellbeing but struggle with finding the time and motivation to do it all themselves.
Our Founder and Managing Partner, Stephen Newton, says:
“From the completely inactive to elite athlete, we:bo really is changing the game in personal fitness and corporate wellbeing. This second round of seed funding will allow improvements to the MVP and the opportunity to grow and scale effectively in the forthcoming months. We believe in we:bo and couldn’t be prouder to invest.”
Sanjeev Virdi, we:bo Founder and one of our Principals, says:
“To know we are positively contributing to the physical and mental health and wellbeing of people across the world whilst maintaining a human and social interaction makes us immensely proud. And this is just the start!”
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