At the start of the COVID-19 pandemic, gyms across the country were forced to close without knowing when they would reopen. Presence Fit is hoping to fill that void by launching their application to create interactive remote workouts.
Presence Fit has trainers working in two-way live high intensity interval training classes which uses your smartphone's camera and audio. No need for any other equipment.
The Los Angeles-based company had a soft launch in June, but today announced it has raised $1 million in seed funding and will soon be expanding. The raise is backed by angel investor Michael Stoppelman and Tom Masonry, among others.
Robert Jadon is a co-founder of Presence Fit.
Dr. Masaki Nakada is a co-founder of Presence Fit.
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The pandemic has forced many gyms to close and emptied others, catapulting the at-home fitness industry.
Zwift, a social fitness application that lets users virtually train together on their treadmills and bikes, is taking advantage of the shift.
The Long Beach-based company announced Wednesday it raised $450 million to build out Zwift-branded "hardware' for fitness buffs that uses the company's 3-D generated worlds to ride or run alongside others. It's also looking to expand into esports as it builds out the 10 virtual worlds it offers in the platform. In the summer, Zwift hosted a virtual Tour de France in July.
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The makers of baby food intended to prevent food allergies got a boost this week with a $3 million raise led by Danone Manifesto Ventures.
The Los Angeles-based Ready, Set, Food has raised $5.75 million in total and is also backed by high-profile Shark Tank star Mark Cuban and AF Ventures.
The idea of a formula designed to prevent food allergies first came to CEO and co-founder Daniel Zakowski and his brother-in-law three years ago when his nephew suffered an allergic reaction to peanut butter.
Ready, Set, Food!'s co-founder and CEO Daniel Zakowski