The Racefully app has closed its latest raise on equity investment platform Crowdcube securing over £160,000 in funding, to close off an initial £400,000 investment round.
The app looks to unite runners around the world by enabling them to run together, virtually and in real time, regardless of each runner’s location.
In just six weeks since its launch, the app was used in over 53 countries with users logging over 3,000km.
The app also recently teamed up with I Am Team GB to deliver the UK’s first nationwide real-time virtual run event.
These developments offer just a brief glimpse into what Racefully aims to achieve in the coming months following this success.
The raise has welcomed over 120 new investors, including Ronan Dunne, the ex-CEO of O2 UK and the next group president of Verizon Wireless.
Dunne is the latest in a series of impressive backers, including the former global COO of Skype, former MD of Gumtree and the former MD International of DoubleClick.
Co-founder David Naylor said: "We're thrilled to have had so much support for Racefully from our community and the crowd, and we're looking forward now to delivering even more of our unique social fitness features so that everyone can enjoy keeping fit together with friends, wherever they are in the world."
Racefully is now available to download in the App Store free of charge. At present, the app is available for iOS only, with plans for an Android release in early 2017.
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