Freeletics announced getting funded by a group of US-based venture capital firms.

Germany United States 17 August 2018
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Freeletics, a Munich, Germany-based digital fitness service provider, announced that it closed a $45 million Series A funding round.

The money was raised from American investors led by FitLab, Causeway Media Partners and JAZZ Venture Partners, with participation from Courtside Ventures, Elysian Park Ventures, ward.ventures, as well as world-renowned life and business strategist Tony Robbins.

The investor group is affiliated with several professional sports franchises, including the San Francisco 49ers, Boston Celtics, Cleveland Cavaliers and Los Angeles Dodgers.

Existing founders, Joshua Cornelius, Mehmet Yilmaz and Andrej Matijczak, will exit the company.

Freeletics, founded in 2012 and led by CEO Daniel Sobhani, provides Freeletics Bodyweight, a fitness app featuring an advanced AI technology to enable users to train anytime, anywhere. Freeletics Bodyweight, which approximately has 30 million users in over 160 countries, can be downloaded for free in the App Store and Google Play Store.

Total investments received (USD): 70M

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