|By Marketwired .||
|May 22, 2014 09:54 AM EDT||
WATERLOO, ON--(Marketwired - May 22, 2014) - Two years after setting up office at the University of Waterloo's startup incubator Velocity, mobile software company PumpUp is successfully launching from the program and moving into their own offices in downtown Toronto.
The startup, founded by Garrett Gottlieb, a Waterloo graduate, and Phil Jacobson, a Wilfrid Laurier University graduate, have also upped their game with the launch of the PumpUp health and fitness social network this week as they surpass the major milestone of one million downloads of their PumpUp app for iOS and Android.
PumpUp won Velocity funding in the Fall of 2012 alongside notable Velocity successes Thalmic Labs and Kira Talent. They moved into Velocity Garage workspace that year, at a time when Vidyard was the largest startup in the space, and BufferBox was still at Silicon Valley's Y Combinator.
"The Velocity startup community is infectious in a really positive way. It's a huge part of what we've accomplished so far," said Jacobson. "The mentorship, connections and funding helped us get off the ground. We've very thankful to the community for helping us get to where we are today."
"PumpUp's Phil Jacobson and Garrett Gottlieb have been true startup community builders, and exemplary role models for the next wave of companies now at Velocity," said Velocity director Mike Kirkup. "Like Vidyard, BufferBox and others before them, they've achieved success from a strong work ethic, consistent drive through the ups and downs of startup life, and by taking advantage of all that the Velocity program has to offer."
Just a year following their move into Velocity, Phil and Garrett proceeded to face the dragons on CBC's Dragons' Den, raised their first round of investment, and launched the beta version of their PumpUp app.
PumpUp is one of a number of startups that have helped propel the total funding raised by Velocity companies to over $100 million in the five years since the startup incubator was established.
About the University of Waterloo
In just half a century, the University of Waterloo, located at the heart of Canada's technology hub, has become one of Canada's leading comprehensive universities with 35,000 full- and part-time students in undergraduate and graduate programs. Waterloo, as home to the world's largest post-secondary co-operative education program, embraces its connections to the world and encourages enterprising partnerships in learning, research and discovery. In the next decade, the university is committed to building a better future for Canada and the world by championing innovation and collaboration to create solutions relevant to the needs of today and tomorrow. For more information about Waterloo, please visit www.uwaterloo.ca.
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University of Waterloo
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