Zing Coach, a health tech company reducing growing rates of physical inactivity with its AI-powered fitness app, announced that it has raised a Series A funding round in equity and debt financing totaling $10 million led by Zubr Capital and Triple Point Capital.
This funding round will enable Zing Coach to continue developing new features for its market-leading AI-powered fitness app, expand its workforce, and enter new markets.
Research has shown that a large amount of the global population does not meet the World Health Organization’s recommended levels of physical activity. Zing Coach makes maintaining healthy lifestyle changes easier by providing hyper-personalized AI-powered workouts that constantly adjust based on a multitude of variables, such as historical performance data, real-time vital readings, activity levels, and health and lifestyle data, to find the right balance between progress and motivation.
This is achieved with diverse user data to provide a first-of-its-kind personal trainer. And unlike alternative fitness apps, Zing Coach does not depend on quizzes to gauge users’ initial fitness and progress.
ZingLab, a suite of advanced fitness tests and movement analyzers powered by computer vision, and body composition scanners comparable to professional DEXA scanners, are used to assess new users reliably and accurately. And as users progress, they are assisted at every stage of their fitness journey by their own AI Coach — which uses a large language model (LLM) and a personalized tone of voice based on the user’s emotional profile to form a connection with each user — designed to monitor their form and progress, provide tailored advice and insights, and offer praise and encouragement to keep them motivated.
ZingCoach users have already completed over a million workouts in the app. And by supporting users throughout the fitness journey, the app has hit over one million downloads since its release in 2021, maintaining impressive month-over-month user growth of 25%.
This funding round will enable Zing Coach to expand its growing team and strengthen its marketing efforts to reach new international markets. And it will continue to improve its new AI Coach, which educates and motivates by analyzing individual training behavior, text, audio, and videos to develop optimal workouts and motivation strategies tailored to each user. Tested within beta earlier this year, the AI Coach will be made available to all Zing Coach users this fall. Following the full launch, Zing plans to utilize its AI Coaching technology for other forms of exercise, such as pilates, yoga, and more.
Last year, Zing Coach launched its Body Composition Scanner to provide the ultimate personalized health and fitness experience. And this scanner replaces the professional DEXA scanner with a smartphone, enabling anyone, anywhere, to scan their body and instantly receive important physical health insights.
Zing Coach also acquired Zenia, a market leader in real-time workout performance tracking and voice-guided assistance in February. And the company also recently launched the industry’s first AI-powered Flexibility Test and personalized stretching workouts to help its users improve their muscle flexibility safely and effectively.
KEY QUOTES:
“When the first iPhone was released 17 years ago, it marked the beginning of the mobile app era, and innovation in the space has continued to exceed expectations with each passing year. Today, with recent advancements in AI technology, apps have become pocket-sized assistants, offering personalised advice and feedback with human-like communication. Digital fitness, in particular, is a huge area of interest for consumers and we’re excited to support Zing Coach, a true leader in this space. We believe this investment will enable the company to grow tenfold in the years ahead and pull ahead of its competitors in the growing fitness app market.”
- Viktar Dzenisevich, Investment Director and Partner at Zubr Capital
“We have experienced exponential growth in the past year, but the vast digital fitness coaching market remains largely untapped. We want to make leading a healthy lifestyle and achieving ambitious fitness goals attainable for all by providing highly personalised workout planning and guidance. Typically, this would cost hundreds of dollars for just a few hours with a personal trainer — with Zing, it costs less than a cup of coffee each week. From a user’s perspective, our inclusion of applied practice and coaching sets us apart from traditional fitness platforms. We’ve set the benchmark and this investment will ensure that we can maintain our lead in the market.”
- Tanya Parfenyuk, co-founder and CEO at Zing Coach
