BurnAlong raised $1.5 million in fresh funding to support expansion efforts of the company offering streaming health and fitness classes, said co-CEO Daniel Freedman.
Freedman said the round includes participation from a new investor, which is not being disclosed, as well as existing investors. The latest round comes after company raised a total of $2.3 million over two rounds in 2018. Participating in those 2018 rounds were investors including Sid Stolz, the former president of network solutions at wellness provider Healthways; Brown Advisory; Machem Capital; Macks Managed Investments; and Baltimore Angels.
Some exciting announcements from @BurnAlong – talking health and wellness and motivation for companies and broader population. Good fun joining @NoraKAli and @KristenScholer on @cheddar . Watch: https://t.co/xFCJyeVVBJ pic.twitter.com/JHzqBrvAWz
— Daniel Freedman (@dfreed1) March 20, 2019
“We weren’t actively raising but it was a great opportunity with a great group,” Freedman said.
A 2019 realLIST honoree, BurnAlong’s platform provides streaming fitness classes and health programming from independent instructors across a variety of categories. Through the platform, users can work out together via the web.
The company is looking to grow by working with human resources departments to offer the platform to companies and organizations who can in turn provide it for employees — and that includes launching with city and local governments, too. Close to home, Montgomery County, Md., recently launched the platform. It’s also eying an international push.
BurnAlong has also been growing its team of 16 people, and will continue hiring following this round, Freedman said. The company recently made a move within Baltimore County from Owings Mills to new offices in Pikesville.-30-
University of Maryland awarded $200M for flu vaccine research
Early Charm Ventures launches Abri Science with $225K in funding
Intelehealth launches crowdfunding campaign to expand primary care access around the world
Why two eminent Baltimore higher-ed institutions collaborated to create this unique dual degree program
Meet the Aerium: An algae air purifier created by IMET PhD candidates
AgeneBio receives $3.4M for development of Alzheimer’s treatment
5 questions with Jason Becker: Leading product development through an equity lens at Allovue
What Asymmetrik is doing to help lead healthcare’s digital transformation
Sign-up for daily news updates from Technical.ly Baltimore