Gyminee, a fitness-oriented social network that was part of the TechStars class of 2008, has closed a $525,000 seed funding round led by FF Angel LLC, with a number of angels including Garrett Camp (StumbleUpon) and Tim Ferriss also participating. Alongside the funding news, Gyminee is also announcing a total rebranding – the company will henceforth be called DailyBurn (which is significantly easier to spell), and the site has seen a complete redesign.
Gyminee first launched in late 2007, coming out of beta in January 2008 (the company had launched before it joined the TechStars program). Since then it has grown to 125,000 members, and while the site has to deal with some users dropping off as they get lazy and stop exercising, it reports that active users have managed to shed an average of 6.2 pounds of fat, or gain 5.75 pounds of muscle, depending on their goal.
The overall purpose of the site is to help you lose weight and gain muscle by tracking every aspect of the food you consume and your workouts, all presented in a very attractive interface. The site offers a database of thousands of foods, allowing you to quickly figure out how many calories you’ve eaten throughout the day. You can input stats from your daily exercise regime (number of miles run, bench-press weight, etc.), so you can track your progress over time on slick graphs. The site’s social features allow users to share exercise plans and try to motivate each other.
DailyBurn generates revenue by offering a set of premium features, which include a meal planner, more nutrition stats, and exercise plans created by fitness professionals, as opposed to other users. CEO Andy Smith says that the premium plan has been seeing a high conversion rate, which helped make the company appealing to investors. The company will soon be releasing a native iPhone application that will allow you to update your workout profile on the go, and will also be opening up its API to third parties.
Other fitness startups include Fitbit, ZodBod, and watchMEmelt.
Congrats to the team!
I’m one of the lazy users that used to be active daily. Time to get back on it.
It has been a very valuable part of training (especially the planning and reporting).
Congrats guys!
seems everyone is changing their names these days. natural language appears to be gaining momentum.
seems everyone is changing there names these days.
Congrats guys! The site looks awesome.
Great new name, nice job on the site. Congrats to the Daily Burn team on this, we know a pain it is to rebrand…
Site looks awesome! I still like the old name better though, but I’m sure it will still be a huge success.
Abiz Tech News
Congrats guys! Love the new name!
wow, a dotcom who actually know how they are going to make money!!!
i like the old name better.
Looks awesome, congrats! I’ll have to give it a try.
Thanks for all the positive comments! We are really excited and have lots of good things in the works
TC – you missed another fitness startup: http://www.dailymile.com
Good for the meat heads.
At $525K they better have a very low DailyBurnRate
(sorry, couldn’t resist)
Congrats guys! I knew you’d get ‘er done.
Kirk
This is fantastic guys! I look forward to putting it through the paces.
Looks like a dead ringer of http://www.traineo.com – interesting to see how these guys and differentiate themselves.
how about usage trends?
Congrats guys that is awesome… I am looking forward to the 3rd party API… Could allow for some interesting uses.
I’ve been using Gyminee for a few months now, because I like the interface/design. The food database isn’t as detailed as the Daily Plate, but I like the feel of it better. I’m quite interested in what % of users subscriber to the Pro program! I’ll never subscribe to the pro subscription because I’m more of a low-end user, but I guess there’s enough of them for some kind of ROI.
Congrats guys! Gyminee has been my favourite. There is another interesting startup called LifeMojo (http://www.lifemojo.com). They are into fitness as well as nutrition.
When I read the title, I thought it would be about hemorrhoids.
Big news! Congrats to the Gymin.. err. DailyBurn team!
One more company in this area that has gotten a lot of traction recently is http://myfitnesspal.com. The site similarly offers tools to help track nutrition and fitness data but also has a large community of users to provide support for each other.
Wow, you guys continue to impress me. Congrats on the new name and funding!
I liked the old name better too. It was fun and whimsical.
Oh well.
Just waiting for the awesome iPhone App to come out.