GymPact

http://www.gympact.com

Techstars // Class 14 - Boston 2012 Spring starting 2012-02-01

Key notes: GymPact is a check-in app that gives cash incentives to encourage its users to go to the gym.

Office address: San Francisco, California, USA

Description: Pact (formerly GymPact) is a check-in app that uses cash incentives to get you to the gym! Members make a pact of how many days a week they want to exercise, and how much they will put on the line to pay if they DO NOT get to the gym. If they meet their pact by checking in at their gym with our Smartphone app, they receive cash rewards, paid for by those who did not exercise! Members get a double incentive to get to the gym, and Pact takes a cut when we pay out to members who successfully met their Pact. Pact is the only fitness technology to use both positive and negative incentives, and that has allowed us to be 90% effective at getting people in our pilots to the gym and to give real rewards using the money paid by non-exercisers.

$ 2,558,000 over 4 funding rounds.

Angellist Page:

https://angel.co/gympact

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Funding Rounds

Date	Name	$ Invested	Crunchbase link
2012-06-28	seed	$ 850,000	Detailed data
2012-01-24	seed	$ 118,000	Detailed data
2013-12-17	seed	$ 1,550,000	Detailed data
2011-07-25	seed	$ 40,000	Detailed data

Investors

Round Date	Round Name	Investor	Crunchbase Link
2012-06-28	seed	Start-Up Chile	Investor Profile
2012-06-28	seed	Alex Rigopulos	Investor Profile
2012-06-28	seed	Mike Hirshland	Investor Profile
2013-12-17	seed	Max Levchin	Investor Profile
2012-06-28	seed	TEEC Angel Fund	Investor Profile
2012-01-24	seed	Start-Up Chile	Investor Profile
2012-06-28	seed	Mike Dornbrook	Investor Profile
2012-06-28	seed	Bob Mason	Investor Profile
2013-12-17	seed	Khosla Ventures	Investor Profile
2011-07-25	seed	Start-Up Chile	Investor Profile
2012-06-28	seed	InnoSpring	Investor Profile
2012-01-24	seed	Techstars	Investor Profile