Jazz Venture Partners and Causeway Media Partners are leading Freeletics' financing round, with KKCG also participating.
“With our current trajectory and strong growth efficiency, this financing will take us through the next inflection point in our journey and drive key product innovations and global expansion,”
says Daniel Sobhani, CEO of Freeletics.
“Given the impact of COVID-19, it is now more important than ever that we offer a holistic and personalized solution to help people improve physically, mentally, and emotionally.”
Freeletics CEO Sobhani: “The next few years will definitely be exciting for us and the fitness industry.”
The Freeletics fitness app claims to have over 600,000 subscribers. Munich companies completed its first financing round at the end of 2018 over 45 million dollars completedDaniel Sobhani and the US investor Fitlab previously bought the company from the founders. At that time, a “high double-digit million sum” was rumored.
"In the current situation, the importance of digital fitness and the industry's innovative power are greater than ever before. With consistent innovations that have always been ahead of the curve, Freeletics has positioned itself perfectly in recent years to continue dominating the global fitness industry. Now is the right time to take the next steps to tap into additional markets and target groups."
says John Spinale, Managing Partner at Jazz Venture Partners.
“The next few years will definitely be exciting for us and the fitness industry,”
said Freeletics CEO Sobhani.
