MainMarket in Brief

VC.ru

Motify online fitness service raised $3 million for development

November 17, 2020, 18:00 (UTC+3)|
518

Motify, a service providing exercise videos for doing fitness, raised $3 million in a seed round from Grishin Robotics of the Mail.ru Group’s co-founder Dmitry Grishin and a group of investors.

The company plans to use most of the raised funds on marketing scaling and the development of the service. The terms of investment and the value of the company were not disclosed.

Motify was launched by former top managers of Mail.ru Group Ruslan Gafurov, Andrey Tsytsenko and Sergey Tsytsenko in early April 2020.

Original (in Russian)

Subject:

#investments

Share:

Learn more about Moscow IT Market by subscribing to our newsletters

By clicking the button you agree to Privacy Policy

Unless otherwise stated, the content is available under Creative Commons BY 4.0 license

Supported by the Moscow Government