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.

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.