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FIT TECH News

Australian connected fitness start-up Vitruvian raises USD$2.5 million capital in seed round led by Evolution Wellness

By
Credit: Vitruvian
The response from consumers has been overwhelming – I knew we were onto something after spending the last 10 years iterating the technology, but I'm glad the general fitness community has also bought into what we are building
– Jon Gregory

Start-up Vitruvian, based in Perth, Australia, has announced it has raised USD $2.5m (AUD$3.42m) in capital from industry-leading strategic investors.

This injection allows Vitruvian to ramp up production of its strength training device, the V-Form Trainer, which has just opened to the global retail market.

The V-Form Trainer promises to dramatically improve the efficiency and accessibility of resistance training. Driven by intelligent algorithmic technology, the device does away with static weight entirely, rather, it modifies weight loading between 7kg and 180kg to match the user’s ability.

Evolution Wellness Group, based in South-East Asia with a portfolio of influential fitness and wellness brands, recognised the value in Vitruvian after trying one of the prototype devices and were quick to lead the round.

Evolution Wellness CEO Simon Flint said: “Upon the formation of Evolution Wellness in 2017, we were clear about our ambition and direction for the company, which was to build value with a diverse and exciting portfolio of brands. Our investment in Vitruvian marks our first major foray into the area of connected fitness and is another stepping stone in fulfilling our growth ambition in this fast-paced industry.

"Jon and the team have built a first-class product which is going to perform extremely well as it takes a unique spot in the connected fitness category; we look forward to playing a pivotal role in their growth journey to bring the V-Form Trainer into new markets and help more people pursue their health and fitness goals.”

Founder Jon Gregory, a former high frequency trader whose experience with algorithm-building is the foundation of the device’s offering, said he was thrilled by the success of the launch.

“The response from consumers has been overwhelming, I knew we were onto something after spending the last 10 years iterating the technology, but I am glad the general fitness community has also bought into what we are building.”

Using innovative custom-developed motor systems, the V-Form Trainer can output enough resistance for max lifts up to 180kg. The adaptive force algorithm manages load, dynamically changing resistance to slash the time it takes to build muscle, while logging performance data to monitor progress.

The connected app and accessories guide full-body, customisable workouts, with over 200 exercises across all muscle groups. Coached classes and technique tutorials are delivered by leading professional trainers.

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It’s a known fact that gamification is an effective method to make everyday activities and work more fun.
EGYM has announced an integration with a leading UK-based software company Fisikal to enhance its capabilities to serve the needs of enterprise customers running multi-site operations.
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Australian connected fitness start-up Vitruvian raises USD$2.5 million capital in seed round led by Evolution Wellness

By
Credit: Vitruvian
The response from consumers has been overwhelming – I knew we were onto something after spending the last 10 years iterating the technology, but I'm glad the general fitness community has also bought into what we are building
– Jon Gregory

Start-up Vitruvian, based in Perth, Australia, has announced it has raised USD $2.5m (AUD$3.42m) in capital from industry-leading strategic investors.

This injection allows Vitruvian to ramp up production of its strength training device, the V-Form Trainer, which has just opened to the global retail market.

The V-Form Trainer promises to dramatically improve the efficiency and accessibility of resistance training. Driven by intelligent algorithmic technology, the device does away with static weight entirely, rather, it modifies weight loading between 7kg and 180kg to match the user’s ability.

Evolution Wellness Group, based in South-East Asia with a portfolio of influential fitness and wellness brands, recognised the value in Vitruvian after trying one of the prototype devices and were quick to lead the round.

Evolution Wellness CEO Simon Flint said: “Upon the formation of Evolution Wellness in 2017, we were clear about our ambition and direction for the company, which was to build value with a diverse and exciting portfolio of brands. Our investment in Vitruvian marks our first major foray into the area of connected fitness and is another stepping stone in fulfilling our growth ambition in this fast-paced industry.

"Jon and the team have built a first-class product which is going to perform extremely well as it takes a unique spot in the connected fitness category; we look forward to playing a pivotal role in their growth journey to bring the V-Form Trainer into new markets and help more people pursue their health and fitness goals.”

Founder Jon Gregory, a former high frequency trader whose experience with algorithm-building is the foundation of the device’s offering, said he was thrilled by the success of the launch.

“The response from consumers has been overwhelming, I knew we were onto something after spending the last 10 years iterating the technology, but I am glad the general fitness community has also bought into what we are building.”

Using innovative custom-developed motor systems, the V-Form Trainer can output enough resistance for max lifts up to 180kg. The adaptive force algorithm manages load, dynamically changing resistance to slash the time it takes to build muscle, while logging performance data to monitor progress.

The connected app and accessories guide full-body, customisable workouts, with over 200 exercises across all muscle groups. Coached classes and technique tutorials are delivered by leading professional trainers.

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