Cadoo
Fitness app that gamifies fitness challenges designed to motivate users to reach their fitness goals through social accountability and financial incentives.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor | €0.0 | round | |
* | $1.5m | Seed | |
| Total Funding | 000k | ||
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Cadoo.io is a fitness-focused startup that operates in the health and wellness market. The company has developed a unique platform that motivates users to stay fit by offering financial rewards. Users sign up for various fitness challenges, each with an entry fee and a specific activity goal. The progress of these challenges is tracked via popular fitness apps such as Strava, Google Fit, iOS Health, and Fitbit.
The business model of Cadoo.io is quite innovative. Users who successfully complete their fitness challenges receive their initial stake back, along with a share of the stakes from those who did not complete their challenges. This creates a competitive environment that encourages users to stay committed to their fitness goals. The company generates revenue from the entry fees collected from the users.
Cadoo.io serves a broad range of clients, from casual fitness enthusiasts to serious athletes. The platform offers a variety of challenges, including running, walking, cycling, and pushups, with varying levels of difficulty. The company uses AI technology to count reps for pushup challenges and integrates with fitness trackers for cardio-based challenges.
In essence, Cadoo.io is a fitness platform that incentivizes users to stay active by offering financial rewards. It operates in a competitive health and wellness market, with a unique business model that combines fitness tracking with financial incentives.
Keywords: Fitness, Health and Wellness, Financial Rewards, Fitness Challenges, Fitness Tracking, Competitive Environment, Entry Fees, AI Technology, Health Apps, Incentivized Fitness.