Total amount raised
$130.8 Millions
Latest funding date
03/01/2022
Location
GOQii has successfully raised funds through multiple rounds, with the latest being a Series C round that closed on March 29, 2022. The company is backed by 33 investors, including notable names like Animoca Brands and Brand Capital.
GOQii offers a comprehensive health platform that integrates AI-powered insurance, personalized care management, and corporate wellness programs. Keep reading to explore the intricacies of GOQii's fundraising journey and the investors backing this innovative platform.
What Is GOQii?
GOQii, founded in 2014, is a health and wellness technology company headquartered in Menlo Park, California, with additional offices in Mumbai and Shenzhen. The company operates in the consumer electronics, fitness, and lifestyle industries.
Founded by Abhishek Sharma, Champ Alreja, Luke Coutinho, Sachin Janghel, and Vishal Gondal, GOQii employs between 101 and 250 people. The company offers a comprehensive health platform that combines advanced wearable technology, expert coaching, and AI-driven insights to promote a healthier lifestyle.
How Much Funding Has GOQii Raised?
- Series C
- Amount Raised: $10M
- Date: March 2022
- Lead Investors: Animoca Brands
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build a health metaverse leveraging blockchain tokens and gamification in preventive healthcare.
- Series C
- Amount Raised: $50M
- Date: February 2022
- Lead Investors: Sumeru Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing projects and expansion efforts.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: February 2022
- Lead Investors: BlackSoil, Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for operational needs.
- Venture Round
- Amount Raised: $18.2M
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and development of new products.
- Series C
- Amount Raised: ₹450M
- Date: September 2019
- Lead Investors: Bennett Coleman and Co Ltd
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product offerings.
- Series C
- Amount Raised: ₹138.1M
- Date: July 2019
- Lead Investors: Mitsui & Co
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and technological advancements.
- Series C
- Amount Raised: Not publicly disclosed
- Date: June 2019
- Lead Investors: Akshay Kumar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage celebrity endorsement for brand growth.
- Debt Financing
- Amount Raised: ₹70M
- Date: February 2019
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure funds for operational and strategic initiatives.
- Series B
- Amount Raised: $30M
- Date: November 2018
- Lead Investors: Denlow Investment Trust, Galaxy Interactive, Mitsui & Co
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological capabilities.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 2016
- Lead Investors: Ratan Tata
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic insights and mentorship from a prominent investor.
Total Amount Raised: $108.2M
Current Valuation: Not publicly disclosed
Key Investors
- Animoca Brands
- Details: Animoca Brands is a company involved in digital entertainment, blockchain, and gamification. They have a portfolio of more than 170 investments in NFT-related companies and decentralized projects.
- Investment Focus Areas: Digital entertainment, blockchain, gamification
- Notable Investments: Over 170 investments in NFT-related companies and decentralized projects
- Sumeru Ventures
- Details: Sumeru Ventures is a venture capital firm that led GOQii's Series C round of investment. They focus on providing capital to innovative startups.
- Investment Focus Areas: General venture capital investments
- Notable Investments: Not specified
- Modality (Digality)
- Details: Modality, also known as Digality, participated in GOQii's Series C round. They are known for investing in innovative startups.
- Investment Focus Areas: General venture capital investments
- Notable Investments: Not specified
- 9Unicorns
- Details: 9Unicorns is a venture capital firm that participated in GOQii's Series C round. They focus on early-stage investments in innovative startups.
- Investment Focus Areas: General venture capital investments
- Notable Investments: Not specified
- Venture Catalysts
- Details: Venture Catalysts is a venture capital firm that participated in GOQii's Series C round. They focus on providing capital to high-growth potential startups.
- Investment Focus Areas: General venture capital investments
- Notable Investments: Not specified
What's Next for GOQii?
GOQii is poised to revolutionize the health tech industry with its ambitious plan to develop a health metaverse. This innovative platform will leverage blockchain tokens and gamification to enhance preventive healthcare. The potential for growth is substantial, with the Indian healthcare market expected to reach $638 billion by 2025. Collaborations with gyms, healthcare providers, and insurance companies will further expand their reach.
Future fundraising opportunities appear promising as the health metaverse project progresses. The recent $10 million investment from Animoca Brands and the previous $50 million round indicate strong investor confidence. As the metaverse ecosystem takes shape, additional rounds of investment are likely to support its development and expansion.
However, GOQii may face challenges such as intense competition from other health tech startups and regulatory hurdles related to blockchain and cryptocurrency. Ensuring user adoption and engagement will also be crucial for the success of the metaverse. Despite these challenges, GOQii's innovative approach and strategic partnerships position it well for future growth.
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