Company Name : GOQii
Funding Amount : $13.4 million
Investor(s) New Enterprise Associates Cheetah Mobile.
Funding Round : Series A
GOQii has raised $13.4 million in Series A funding from New Enterprise Associates (NEA) and China-based Cheetah Mobile.
Great Wall Club (GWC), a grouping of Chinese and American investors and Singapore-based DSG Consumer Partners, also participated in the funding round. GOQii has also raised about $20 million in risk capital, which includes this round.
With the help of Cheetah Mobile, GOQii may also expand in China and on mobile platforms like Xiaomi.
Founded in 2014, GOQii is a mobile based fitness coaching startup (read our review of Goqii). The company integrates about 35 major fitness bands and claims to have 1 lakh users on its platform. The company has now also on boarded 1,000 fitness coaches from US, middle east who will coach the users through the mobile app.