German live coaching app actio extends its seed round to over €10M
Berlin-based startup actio has raised additional funds as an extension of its €8.5 million seed round closed in December 2020. This time an €1.5 million investment came from a German VC fund for digital health solutions Heal Capital, which joined the previous startup’s backers HV Capital and Cavalry Ventures.
actio was co-founded by serial entrepreneurs Nikita Fahrenholz and Daniel Stahlkopf. It is a live coaching pp that connects people who want to improve their well-being habits with an international coaches network. The platform currently offers more than 100 sessions daily, on average 15 minutes long each, including pilates, yoga, meditation, and fitness classes.
The app is based on a specially developed VoIP call software, so instead of ordinary push notifications, the users receive a call before the session begins.
“Actio hits exactly the zeitgeist with its product. We all start with good intentions and usually fail after just a few weeks. Actio, with its motivating approach, manages to establish healthy and positive routines in everyday life that will strengthen well-being and health in the long term,” Eckhardt Weber, Managing Partner and Managing director at Heal Capital, commented.