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GOQii Announces Growth Equity Investment Led by New Enterprise Associates (NEA) and Cheetah Mobile
Signal Hill India is pleased to announce that its client GOQii, a virtual fitness coaching platform, has received a growth equity investment. The round was led by New Enterprise Associates (NEA) and China-based Cheetah Mobile Inc. with participation from Great Wall Club (GWC), DSG Consumer Partners, Supercell co-founder & CEO Ilkka Paananen and Seedfund’s co-founder Pravin Gandhi.
GOQii will use the latest investment to fuel the company’s expansion in the U.S. and China, and strengthen its operations by adding more coaches on its platform.
GOQii was founded in 2014 by the former Indiagames founder & CEO, Vishal Gondal and has offices in Menlo Park, California and Mumbai, India. The company provides three-month, six-month and yearly subscriptions to users which include an individual wearable band and a cloud-based platform which sends real-time data to a personal coach, who then provides personalized advice to users helping them meet their health goals.
About Signal Hill
Signal Hill, named 2015 Boutique Technology Investment Bank of the Year by the Global M&A Network, is a leading independent advisory boutique serving the M&A and private capital raising needs of growth companies. Signal Hill's experienced bankers provide deep domain expertise and an unyielding commitment to clients in our sectors: Internet & Digital Media, Internet Infrastructure, Services and Software. With more than 600 completed transactions and offices in Baltimore, Bangalore, Boston, Mumbai, Nashville, New York, Reston and San Francisco, Signal Hill leverages deep strategic industry and financial sponsor relationships to help our clients achieve Greater Outcomes®. For more information visit www.signalhill.com