Fitness-tracker start-up GOQii Technologies has received $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.
GOQii is a Menlo Park, California-based fitness technology venture that offers a wearable fitness band paired with remote personalized coaching.The band itself is free, and users pay a subscription fee for personalized coaching. The device, which has an OLED display and humm vibration module, tracks steps, distance, time, calories, active time, and sleep.
Vishal Gondal founded the company after selling his former startup, Indiagames, to Disney in 2011 for approximately $100M.After closing its beta Beta program in April 2014, GOQii became commercially available in India in August 2014.
In January 2015, the company launched a limited US beta only open to 500 initial customers in the U.S. Selected applicants receive 12 months of personal training through unlimited chat and monthly video calls over the company’s mobile app.
With operations across countries such as Singapore, India, Malaysia, Dubai, Abhu- Dabi,US GOQii already has an existing user base of under 50,000 customers in India, integrating with 35 major fitness bands including Jawbone, Fitbit, Garmin, Moov, Misfit and Sony.
It has raised over USD 2.5 million. This year, GOQii Technologies had received an undisclosed investment amount from Paytm founder and CEO Vijay Shekhar Sharma.