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Fitness tracking app secures investment

THE founder of fitness tracking app Bounts has secured investment to further boost the business.
The app, which rewards users for being active both inside venues and outdoors, connects with a vast range of other tracking apps and rewards physical activity with points for goods and services.
Initially funded by Oxford University’s Isis Innovation Software Incubator scheme, the rapid growth and success of bounts, which now has over 1.5m users, has now attracted a further £750,000.
Investors on this occasion have included the Oxford University ISIS Fund managed by Park Walk Ltd, Danish Angel Fond London and Manish Singh, head of strategy at Crossbridge Capital and regular Bloomberg commentator.
Founder John Stuart said “We recognise that many people choose to dip in and out of different types of activity throughout the year. Our app rewards people whatever physical activity they do and the addition of this global venues map provides them with even more freedom to earn rewards, wherever they choose to enjoy their sports and fitness.
“Since launching bounts in the USA, Canada and India we are starting to realise how much demand there is for this service and how rewarding the bounts games and rewards can be”

Go backPosted on 25th August 2015