The arrival of modern technologies such as artificial intelligence, machine learning, and augmented reality, and more in the health and fitness world has brought a remarkable change in the industry.
It has changed the way people used to exercise and keep themselves fit and healthy. Now, it is longer needed to visit a gym or health club to stay fit; these technologies have made it pretty easier to do all those exercises from the comfort of your home.
You must be wondering how people are accessing these technologies for home workouts. The simple answer to this question is that through fitness mobile applications. Yes, it is true that modern fitness apps are facilitating all types of fitness, including yoga, meditation, aerobics, and other exercises. This growing popularity and use of fitness applications are one of the biggest reasons that investors worldwide consider them profitable and investing huge money in them. Here, in this article, we are going to highlight five fitness app startups that have received funding in 2020.
Zenia
Tonal
Aaptiv
Freeletics
ClassPass
Let’s read about these apps in detail:
Zenia - Personal yoga assistant
Zenia is a popular fitness startup that uses computer vision to develop and deploy an AI-driven fitness trainer.
Users can choose from thousands of yoga asanas and do it at their home. The AI-based trainer in the app helps them to correct their posture. The company has received huge funding during 2020 that has added to its valuation.
Aaptiv - AI Personal Trainer
Aaptiv, the popular fitness startup connects people to a wide range of fitness trainers for home and outdoor workouts. Users can do the wellness sessions provided by trainers on their own without the need for equipment. In short, the app offers a no-equipment workout. The company has raised huge funding from Insight Partners; however, the amount has not been disclosed yet.
Each one of Aaptiv's thousands of workouts, which span every type of exercise and a wide variety of activities, combine the guiding voice of an expert Aaptiv trainer with motivating music. This audio-based format eliminates distractions and provides the flexibility many people require - allowing them to focus on their fitness goals, when and where it suits them.
Tonal - Home fitness application
Tonal, the home fitness startup raised a huge sum of $110 million in its latest round of funding. The startup received this funding from the existing investor L Catterton and the new investors Mousse Partners, Delta-v Capital, and Amazon’s Alexa Fund along with renowned athletes Michelle Wie, Paul George, Bobby Wagner, and Stephen Curry. With this funding, Tonal’s total funding has reached up to $200 million.
Tonal is a home fitness application that focuses on training users smartly. Users can choose a coach-led workout, make their own workout, track their progress, and achieve fitness goals. Digital weights, around 170 moves with one equipment, and adjustable arms are some of the key features of the app.
Freeletics: AI-powered fitness app
Freeletics, the digital fitness firm provides tools to promote and offer mindset coaching, mental strength, confidence, and physical fitness among people. The fitness app uses artificial intelligence to offer its services. This AI-powered fitness app has scored $25M Series B funding led by U.S.-based JAZZ Venture Partners and Causeway Media Partners, with support from KKCG. Freeletics has more than 48 million users in more than 160 countries.
ClassPass - Book fitness classes
ClassPass is a fitness app that allows users to book fitness classes from different gyms and studios. The fitness app startup has received close of a $285 million Series E funding earlier this year, which makes the company’s valuation to $1 billion. This funding was raised from L Catterton and Apax Digital, with participation from existing investor Temasek.
Now you must be having an idea that how profitable it is to have a fitness app for your startup. Such an app would not only attract mass audiences but also the investors who want to put their money in something lucrative. In short, if you are looking out for a worthy mobile app idea, then considering fitness app for your startup should definitely be on the top of your list.
And, for a fitness app development for your startup, you can contact a reliable mobile app development company or hire dedicated developers. Research thoroughly to select the one that provides you worth of your money.
Final Words
Curious to know which fitness applications have raised big in 2020? You are in the right place. Here, we have mentioned the top five funded fitness apps 2020 that are Zenia, Classpass, Aaptiv, Freeletics, and Tonal. Give this article a read to know more about these fitness applications. On the other hand, if you want to build a fitness application, then contact a mobile app development company right away. You can also choose to hire fitness app developers for the same.
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