Dave Wright has stepped down as Group CEO of Myzone, the fitness technology business he founded in 2011, citing family commitments and work/life balance.

Members of the United States Congress and Washington DC staff are competing against each other in this year’s Congressional Physical Activity Challenge.

Myzone has secured a US$17.2m worth of investment from growth capital investor BGF – a move that values the brand at US$102m. The deal is all equity-based.