BurnAlong, which operates a platform for remote exercise classes, has secured capital from investors including Johns Hopkins University.
BurnAlong, a US-based fitness instruction platform graduate of Johns Hopkins University’s (JHU’s) M-1 Ventures accelerator, has secured $1m from investors including the university, Technical.ly reported on Monday.
The round also included investment firm Brown Advisory, business advisory and early-stage investment firm Machem Capital and the Baltimore Angels syndicate.
BurnAlong operates an online platform that enables customers to take exercise classes through video calls with instructors. Users can also work out with their friends with BurnAlong’s multi-person conference feature.
The classes are sourced from BurnAlong’s partner gyms and instructors. BurnAlong is expected to use the cash to hire additional team members as it pursues further business growth, expanding both beyond the 35 US states it is currently present in and entering international markets.
The company is also working on integrating its software with connected wearable devices and plans to introduce machine learning to help personalise available exercise sessions.
BurnAlong had disclosed $985,000 in funding through securities filings before the latest round.
M-1 Ventures and its VC firm partner, Village Capital provided BurnAlong with $25,000 in funding for participating in the accelerator in 2017.
BurnAlong had previously been one of 19 companies to receive a share of $1.9m from state-backed tech transfer firm Maryland Technology Development Corporation in 2016.