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.
“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-