Digital Fitness Coaching Service – Future – Raises $75M in Series C Funding | national news
SAN FRANCISCO, February 3, 2022 /PRNewswire/ — Futurethe service that democratizes digital fitness coaching, today announced that it has raised $75 million in Series C funding, bringing its total funding to date to more than $110 million.
The round was led by SC.Holdings and Trustbridge Partners, with participation from the existing investor Kleiner Perkins; award-winning actress and co-founder of Fabletics Kate Hudson; actor and podcast host Oliver Hudson; five-time Pro Bowler JJ Watt; four-time major golf champion Rory McIlroy and Symphony Ventures; Kevin Durant and by Rich Kleinman thirty-five companies; Optum Ventures; Effort; and Harris Blitzer Entertainment, owner of the philadelphia cream 76ers and New Jersey Devils.
This new funding round will allow Future to accelerate its marketing and product development efforts, expand into other health coaching categories and surpass $100 million ARR by early 2023. Future will continue to grow its team of full-time fitness trainers, which is one of the largest of its kind in the world, with the majority of trainers having previously trained professional athletes or Olympians. Uniquely, Future members have unlimited access to their coach, exchanging an average of four text messages per day – 1,500 per year. This constant support and guidance has helped Future earn a Net Promoter Score (NPS) of 90, best in class.
As part of the funding round, Future also announced that it would partner with investors Kate and Oliver Hudson – who created and hosted the Sibling Revelry podcast – to produce, co-host and distribute a six-episode series for Future on major podcast platforms. Future, Kate and Oliver will act as producers of the podcast.
Kate Hudson says, “Fitness and wellness have been my passions for years and are at the heart of everything I do with my businesses. This relationship is a natural extension for me and for what Oliver and I have built with Sibling Revelry.” Oliver Hudson added, “We truly believe that an ongoing fitness coach can keep you consistent and create a regimen that works for your life.”
“Quality coaching and consistency are the two main keys to success in fitness. The day has finally come when professional athletes are no longer the only ones with access to quality coaching,” said JJ Watt, new investor and advisor to the CEO. Rishi Mandal.
the $149– Monthly service pairs each member with a world-class fitness coach who creates interactive workout programs using the Future app, tracks member progress via an Apple Watch, and communicates daily via text message for the keep on track. Future trainers manage each member’s fitness in all of their fitness activities, at home or on the go, creating a regimen that can incorporate a wide range of home equipment, outdoor activities, gyms, group fitness classes and more.
Future was co-founded by Google and a NASA alumnus Rishi Mandaland former Apple engineer justin santamariawho led engineering on FaceTime and iMessage.
“Future puts a real human expert in your life every day, taking care of the planning and accountability that keeps you constantly active,” said Rishi Mandal, CEO of Future. “The average American only talks to their doctor three or four times a year, but the average Future member talks to an expert four times a day. This is the most tactile consumer health product on the planet, and we plan to expand our coaching beyond fitness, into more areas.”
About the future
The future is making digital fitness coaching mainstream. The personal training app connects members with an on-going fitness trainer via the Apple Watch to create personalized workout plans and communicate daily to keep you on track. Future has assembled the largest cohort of fitness trainers in professional sports history. The future is backed by investors including Kleiner Perkins, Trustbridge Partners, SC.Holdings, Optum Ventures, Caffeinated Capital, Khosla Ventures and Founders Fund. For more information, visit https://www.future.co/.
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