Cash Flow: Relationship App Relish Raises $5M, Telehealth Secures $24M, A Fitness App Crowdfunds

The game-changing investment, acquisition and funding news impacting the industry and driving the business of wellness this week.

Glofox wins €9.2m in additional funding to support fitness businesses

Gym management software company Glofox has raised €9.2m of fresh funding following the launch of a new platform that enables gyms and fitness studios to deliver live streaming and premium on-demand content. 

The additional investment from a new undisclosed investor brings the total Series A funding to $20m in a round led by Octopus Ventures.

Medici secures $24m amid spike in demand for telehealth solutions

Medici, a US-based virtual healthcare company has completed a $24m Series B financing round from a group of existing backers including Barry Sternlicht, chairman of Starwood Capital Group; Howard Jenkins of Publix; Kenneth Griffin, CEO of Citadel and Nathan Kirsh, head of Jetro. 

The company, which says it saw its patient registrations increase by 1,409 percent from February to April 2020, plans to use the funds to accelerate its growth.

Relationship app Relish raises $5m in Series A financing

Relish, a relationship training app for happier, healthier romantic relationships, announced the completion of a $5m Series A financing round to fuel the company’s growth plans. 

The round, led by Bessemer Venture Partners, comes at a time of rapid growth for the brand which plans to hire more engineers, expand its team of licensed coaches and expand internationally.

Fitness app Niix launches crowdfunding campaign

Niix, a women’s fitness app that focuses on the importance of women exercising as they approach 40 and beyond, has launched a crowdfunding campaign to raise £150,000.

With the boom in exercise from home in response to enforced self-isolation, now is the time to accelerate our planned crowdfunding round, said the brand which saw a 117% increase in sales of its app via iTunes for the second half of March.