BurnAlong, an online employer-focused health and wellness platform, announced a $7 million fundraise led by Triventures.
According to the company, the latest investment will accelerate national and international expansion, expand specialty wellness programming, and increase focus on data and medical outcomes.
As part of the investment, Triventures Managing Partner Michal Geva will join the BurnAlong Board. “We are excited to partner with BurnAlong. The team has created a powerful platform which successfully leverages community, delivers quality content on-demand, and implements a deep understanding of user engagement. The future of work, including employee health and wellness, is changed forever after 2020, and BurnAlong is well-positioned to capitalize on this unique opportunity,” Michal Geva said.
BurnAlong works with employers, insurers, municipalities, non-profits, and health systems who provide BurnAlong for their employees, members, and patients.
The company helps people achieve their health and wellness goals by giving them access to more than 1,000+ instructors, teaching live and on-demand wellness classes across more than 45 categories, from cardio and yoga to mindfulness and nutrition, to mental health to specialty areas and chronic conditions – including children, pre-natal, anxiety, cancer, diabetes, Parkinson’s disease, and adaptive workouts for people with disabilities.
“This raise enables us to accelerate our national and international expansion, expand our special programming, and increase our focus on data and medical outcomes,” said Daniel Freedman and Mike Kott, Co-CEOs, and Co-Founders of BurnAlong.
“Our employer, insurer, and medical and wellness partners are focused with us on ensuring that everyone, from children to seniors, have the physical, emotional, and financial programming and social support they need. In today’s world, there’s a deep understanding that wellness programming can no longer just be targeting the small percentage of the population who are young and active.”
Digital wellness solution providers raised $800 million in 2020, a 100% increase compared to $400 million in 2019. Recently, BetterUp, a digital employee wellness coaching platform, raised $125 million in a Series D funding round, bringing the company’s valuation to $1.73 billion.