German actio lands €8.5M for its Live Coaching App developing

Berlin-based startup actio has closed a €8.5 million seed funding round led by HV Capital and Cavalry Ventures. Business angels, such as Stefan Jeschonnek and Jan Deepen, SumUp co-founders, Fabian Siegel, CEO at Marley Spoon, Udo Schloemer, founder of Factory, Karl Moritz Hermann, former Head of Google Deepmind Berlin office, also participated, Starting Up reports.

Co-founder of actio: Nikita Fahrenholz and Daniel Stahlkopf

actio was launched on December 1, 2020, by Nikita Fahrenholz, co-founder of Lieferheld, which was turned into delivery giant Delivery Hero, and Daniel Stahlkopf, ex-CPO at Delivery Hero. The startup is developing an audio and video-based coaching app. The main idea of its platform is to connect people who want to improve their well-being habits with international coaches network and create a community. The app currently offers over 100 sessions daily, 15 minutes long each, including pilates, yoga, meditation, and fitness classes.

Instead of ordinary push notifications, the users receive a call before the session begins. The price varies between €2.40 and €4 per training, depending on which set is booked in the app. Three sessions cost €12, a set with 21 sessions is available for €50, Gründerszene writes.