How Much Did Aaptiv Raise? Funding & Key Investors

Aaptiv has successfully raised funding over seven rounds, with the latest investment coming from Insight Partners and Warner Music Group. The company has attracted a total of 15 investors, showcasing significant interest in its digital health platform.

Keep reading to explore the intricacies of Aaptiv's fundraising journey and the investors backing this innovative platform.

What Is Aaptiv?

Aaptiv is a digital health company based in New York, New York, that combines scientific programming, empathetic trainers, and uplifting music to improve members' health. The company operates in the fitness, health care, mobile, music, and payments industries and has an employee count of 51-100.

Founded to provide comprehensive fitness solutions, Aaptiv offers services such as AI-powered coaching, on-demand workouts, and access to a vast network of gyms. The company has been acquired by PEAR Health Labs and continues to engage users through personalized wellness journeys.

How Much Funding Has Aaptiv Raised?

1. Series Unknown
   • Amount Raised: Not publicly disclosed
   • Date: April 2020
   • Lead Investors: Insight Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand Aaptiv's new Enterprise channel, providing fitness classes via API to other platforms.
2. Series C
   • Amount Raised: USD 22,000,000
   • Date: June 2018
   • Lead Investors: Millennium Technology Value Partners
   • Valuation at Round: USD 200,000,000
   • Motivation Behind the Round: To scale the business and enhance its offerings.
3. Series C
   • Amount Raised: Not publicly disclosed
   • Date: July 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further expand and solidify market presence.
4. Series B
   • Amount Raised: USD 26,000,000
   • Date: December 2017
   • Lead Investors: Insight Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and expand product offerings.
5. Series A
   • Amount Raised: USD 12,000,000
   • Date: October 2016
   • Lead Investors: Insight Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop and launch new features and services.
6. Seed
   • Amount Raised: USD 1,070,000
   • Date: May 2016
   • Lead Investors: Outlander Fund I Archimedes
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To build the initial product and gain early traction.
7. Seed
   • Amount Raised: USD 450,000
   • Date: February 2016
   • Lead Investors: Pear VC
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the company and develop the core platform.

Total Amount Raised: USD 61,520,000. Current Valuation: Not publicly disclosed.

Key Investors

• Insight Partners
  • Details: Insight Partners is a global private equity and venture capital firm that invests in growth-stage technology and software companies. Thilo Semmelbauer from Insight Partners sits on Aaptiv's board.
  • Investment Focus Areas: Technology, software, growth-stage companies.
  • Notable Investments: Not publicly disclosed.
• Millennium Technology Value Partners
  • Details: Millennium Technology Value Partners is a venture capital firm that focuses on investing in technology companies. They have a history of supporting innovative startups and growth-stage companies.
  • Investment Focus Areas: Technology, startups, growth-stage companies.
  • Notable Investments: Not publicly disclosed.
• Outlander Fund I Archimedes
  • Details: Outlander Fund I Archimedes is a venture capital fund that invests in early-stage technology companies. They aim to support innovative solutions and disruptive technologies.
  • Investment Focus Areas: Early-stage technology, innovation, disruptive technologies.
  • Notable Investments: Not publicly disclosed.
• Pear VC
  • Details: Pear VC is a venture capital firm that focuses on seed-stage investments. They have a track record of identifying and supporting promising startups in their early stages.
  • Investment Focus Areas: Seed-stage startups, technology, innovation.
  • Notable Investments: Not publicly disclosed.
• Warner Music Group
  • Details: Warner Music Group is a global music company that operates in recorded music, music publishing, and artist services. They are known for their extensive catalog of music and support for artists worldwide.
  • Investment Focus Areas: Music, entertainment, artist services.
  • Notable Investments: Not publicly disclosed.

What's Next for Aaptiv?

As Aaptiv looks to the future, the expansion of its Enterprise channel presents a significant opportunity. By providing fitness classes via API to platforms like FitReserve and Weight Watchers, Aaptiv can tap into new markets and broaden its reach. This move is timely, given the surge in demand for at-home fitness solutions driven by the pandemic.

With the company nearing profitability, future fundraising opportunities appear promising. Insight Partners, having recently raised a substantial fund, may continue to support Aaptiv's growth. However, challenges such as maintaining user engagement post-pandemic and competing with other digital fitness platforms remain. Balancing AI integration with human trainers will be crucial to sustaining high-quality content.

Use Clay to Get Funding Data

Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Aaptiv and gather other critical business insights. Sign up for free and start making data-driven decisions today.