GEOFF NINNES FONG AND PARTNERS
Geoff Ninnes Fong & Partners (GNFP) is a structural, aquatic and civil engineering consultancy with broad experience in the design of new municipal and institutional swimming pools, hydrotherapy…
read moreQueensland-based technology start-up Coach Welly has announced its recent success in raising pre-seed funding, valuing the company at $4.25 million.
Led by Angel Loop, Australia’s largest Angel Investor syndicate, alongside Brisbane Angels and a group of strategic investors from Australia, Singapore and the USA, the undisclosed round will back the expansion of the AI-powered wellness technology company’s growth into the global health and fitness market with its health and wellness personalisation platform.
The funding round, which closed on 27th October, attracted investors who share Coach Welly's vision for helping millions of people to measurably improve their health and wellness.
This capital injection will be instrumental in supporting the company’s go-to-market plan, including the completion of the platform development in preparation for a launch in the first quarter of 2024.
Commenting on the investment, Angel Loop Chief Executive, Simon Horne explained “despite the challenges in the current capital environment, Coach Welly's pre-revenue traction and deep domain expertise stood out to us.
"Their ability to attract some big-name initial customers both domestically and internationally at this stage in their journey is a strong signal of the founders’ tenacity and credibility and we are excited to be part of the future growth of Coach Welly.”
Coach Welly’s founders Owen Bowling and Graham Jensen, expressed gratitude and excitement about the successful funding round, stating, “this is a huge milestone for Coach Welly, and we are thrilled to have the support and confidence of our investors as we bring the evolution of health engagement technology to market.
“This funding will enable us to launch the Coach Welly platform in Q1 of 2024 with a growing list of innovative customers that have partnered with us to measurably improve their member’s health and wellness.”
Founded in 2019 in Brisbane, Coach Welly was recently named as one of the top 20 Australian AI start-ups to watch and is poised to rapidly grow into a technology leader to disrupt the global health and fitness market.
Coach Welly uses a combination of AI, fitness content, biometrics, and gamification with cloud-based software to provide a personalised user experience at scale.
Coach Welly products include a next-generation consumer-facing app that integrates with wearables, equipment, virtual content, and member management software to enable gyms to provide members with a complete solution that unifies their entire wellness experience and rewards them for all their health and wellness activities.
1st November 2023 - Fitness industry platform GoXPro secures funding from NAVIS Capital
26th October 2023 - Technogym releases touch and train gym display
21st October 2023 - ANZSTA awards celebrate sports tech industry innovators
17th October 2023 - GymAware named as ACT Exporter of the Year
14th October 2023 - Wexer acquisition of Intelivideo culminates in launch of significant new product
9th October 2023 - BFT and Hapana extend partnership
6th October 2023 - Bikini Body Training Company takes rival trainer to Court to halt launch of fitness app
3rd October 2023 - Audoo metering technology helps OneMusic accurately collect royalties for artists
29th September 2023 - ASTN releases new playbook to encourage sports tech startups
31st August 2023 - Chris Hemsworth-backed fitness app crashes as it announces own-branded fitness equipment
8th August 2023 - Gym owners must embrace digital integration
19th July 2023 - China’s biggest online fitness platform Keep Inc begins trading in Hong Kong
11th July 2023 - Virtuagym launches AI powered digital coaching solution
5th July 2023 - Keepme reveals first generative AI tool for fitness operators
24th May 2023 - New report reveals ongoing growth of Australia’s sports tech industry
6th February 2023 - Wexer Chief Executive Paul Bowman joins Coach Welly as Chairman
Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?
As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.
Click here to view our subscription options.
The Complete Guide to Leisure Industry Products & Services.
Geoff Ninnes Fong & Partners (GNFP) is a structural, aquatic and civil engineering consultancy with broad experience in the design of new municipal and institutional swimming pools, hydrotherapy…
read moreWelcome to AAC – makers of the world’s best wristbands, lanyards, tickets, tokens and full-service print solutions. We are Australia’s premier global manufacturer and supplier of…
read moreA leading designer and manufacturer of innovative waterslides and attractions, Australian Waterslides and Leisure (AWL) is also able to advise clients in the areas of concept and design, feasibility…
read morePerfect Gym Solutions is a software as a service (SaaS) solution purpose-built to service the fitness industry, with over 1000 clients servicing over two million gym members across 40 countries making…
read moreAnti Wave Global is the original suppliers of top performance swim, aquatic sports, leisure and pool programming equipment. Founded in 1971, Anti Wave Global is proud of its long and tested…
read moreAdvanced Aquarium Technologies (AAT) is a world leader in the design, construction, and operation of landmark public aquariums. Led from Queensland, AAT has delivered aquarium projects in over 25…
read morePolin was founded in Istanbul in 1976, and has since grown into a leading company in the waterparks industry. Today Polin is one of the world leaders in the design, production, and installation of…
read moreLinks Modular Solutions are a leading provider of high-quality, innovative software solutions for leisure facilities. Our software suite includes modules such as POS, Classes, Members, Facility…
read moreGet your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!