We’ve raised over $2 million in funding so far, and we’re in the process of raising another $2 million

♦ By the end of this year, Sense4FIT wants to attract 100,000 users around the world to its fitness app, and by the end of next year, the goal will be to reach 500,000 users The startup will launch a franchise system to open gyms. Under the brand Sense4FIT.

Local startup Sense4FIT, which is developing an entire fitness, nutrition and mindfulness ecosystem based on the latest technologies such as artificial intelligence, virtual reality and blockchain, is currently raising $2 million in funding. The total investment is more than 4 million dollars. The Sense4FIT team wants to officially launch the app with the same name in about a month on the iOS and Android app stores. The app is currently available in the AppStore for testing, but it can only be accessed by referral.

“Initially, my investment was over €100,000. After the investors started to see our streaming quality, the objectives, as well as the way we work, they started looking at the team, at the presentation platform, the project objectives, the level of implementation, the marketing objectives, the way we understand out and see things, and all of that unlocked a lot of finances through the investors that we attracted. After the first phase I was the only investor, we unlocked a lot of investors who came with us in the first round,” Antonio Inacci, co-founder and CEO of Sense4FIT, said during Presentation of ZF IT Generation.

The project started about a year and a half ago with the idea of ​​creating an online platform for fitness, nutrition and mindfulness, a business that he had already had for several years, but in an offline environment. So far, investors in Sense4FIT include US mutual funds and overseas crypto exchanges, as well as business sponsors.

“We as investors have funds like BullPerks, Solrdao and Bhero as a starting platform, ixfi Exchange, as well as business angels. We are now raising another $2 million in the next 5-6 weeks. I know someone, especially from the business world, can say that Time is too short, just because we have many investors and mutual funds already on board and we have checked, and the business is attractive to many people.At the moment we are contacted by mutual funds from all continents and we are glad that our product is understood and demanded on all continents and this excites us , but at the same time we put a lot of pressure on ourselves because we realize how much we are now working 16 continuous hours a day without exaggeration”, noted Antonio Annach.

The startup is developing an entire ecosystem under the Sens4FIT brand, at the heart of which is a mobile application through which users will initially have access to video content with various types of training, and then to nutrition and mindfulness services. However, Sense4FIT differs from other fitness apps currently on the market in that it uses the latest technologies such as artificial intelligence, virtual reality, blockchain and metaverse to motivate users to lead a healthy lifestyle.

“At this moment, we have prepared an MVP for an app< active life >> It’s Fit2Earn Web 3. What does this mean? Since it is also connected to the blockchain, the authentication is based on NFTs, but your content and your interaction as a user is the same as in any classic fitness app. Naturally, we do our best to come up with special content – we will have more than 300 different exercises from the beginning. At the moment there are more than 400 illustrated exercises – from classic circuits, from yoga, pilates, functional training, body pump, etc., and all kinds of classes that actually make the user want to exercise and do something they like but in addition to the content area, We will get the reward portion for exercising, and that’s a differentiating factor in our ecosystem,” noted the co-founder and CEO of Sense4FIT. He explained that in order to get rewarded, the user has to link their smartwatch or fitness bracelet so that the app can get Real data and proof that a person has already moved, and therefore will be able to receive codes that will be able to.to transfer money.

“Often, the fact that we have to lose two or three kilograms or want to be a better version of ourselves does not motivate us to get off the couch and exercise. But if you are told that if you get off the couch and exercise this month, chances are you will gain Somewhere between 400 and 500 lee because you were disciplined, in that moment when you know as a person that you are losing something. Activation and that happens in every aspect of our lives.”

Access to the Sense4FIT app is on a recommendation basis, and if users want to access the part that includes rewards for the movement made, they have to pay a membership fee, which in this case is the price of the NFT, startup-owning their cryptocurrency, the token. Currently, the Sense4FIT team is working on the Android version of the app, and the solution is currently being tested with around 200 iOS users.

“By the end of the year we want to have 100,000 users in the app. It’s a very big first goal, to be a successful launch, to have our ecosystem token launched on 1-2 of the top 5 exchanges around the world, I can’t give names now , but we are talking about exchanges in a region of large block chains with an average number of users of more than 10 million users per day”, noted Antonio Annach. The official launch of the app will take place in about a month, and for the next year, the startup already has big plans, including creating a franchise system to open Sense4FIT-branded fitness rooms anywhere in the world.

“By the end of next year, I strongly believe we can have over 500,000 users, be on all continents as app users, and depending on where we have the most attraction, we will open gyms there. We already have orders in waiting areas. People are already opening their first franchise with gyms,” he noted, adding that the Sense4FIT franchise would cost between $70,000 and $130,000.

“For a gym, it’s not so much about context where a gym can cost half a million dollars, $300,000 and $200,000 if it’s a gym with a lot of accessories. Our gym is a functional training room, which is a A combination of fitness training and functional training with a lot of accessories, but no fitness equipment.Keep in mind that a fitness belt costs between 5,000, 7,000 and even 10,000 euros.If you want to use your own gym with ten treadmills , it might cost you €50,000. But people are more drawn to the community area, to do group training, to do classes, but not just any classes, but classes in a functional training studio where people can gather between 15 and 30 for a training session.”

The startup has also created an app for gyms where three large plasmas will be placed on the videos that will be played that will represent the workout everyone should do at each station. “This app is ready. We also have an app ready in the Sense4FIT manager area, where we will manage all the gyms in the franchise ecosystem. It is an app that effectively shows you in real time who is entering the gym, the economy, who has paid subscriptions, and who is logged in using NFT and many other streaming elements.”

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