Welcome!

News Feed Item

Wellness Startup Grokker Closes Series B, Bringing Total Funding to $22M from SV Angel, First Round Capital, Khosla Ventures, Aspect Ventures, Interwest Partners, Comcast, and Correlation Ventures

SAN FRANCISCO, Nov. 30, 2016 /PRNewswire/ -- Grokker, the expert-led online and on demand fitness, yoga, meditation, and cooking video service closes a Series B round in financing, bringing the wellness startup to $22M in total funding from SV Angel, First Round Capital, Khosla Ventures, Aspect Ventures, Interwest Partners, Comcast, and Correlation Ventures.

The practice of yoga is booming, with the number of users doubling over the past ten years, and reports show that the number of people in the U.S. practicing yoga consistently has grown from 24 million in 2012 to 36.7 million in 2016. Along with the rising popularity of yoga, fitness, and wellness programs across the nation, more and more people are now practicing yoga in the privacy of their homes, via apps such as Grokker. Usage of mobile apps for fitness and wellness grew by 52 percent in 2015, and the numbers for 2016 are steadily climbing.

Yoga lovers can access Grokker's network of renowned teachers on Comcast for $6.99 a month. In addition to the programming partnership, Comcast is also investing in Grokker's latest round of funding.

"We are passionate about helping our subscribers enjoy yoga and fitness at home or on-the-go," said Amy Banse of Comcast Ventures. "Grokker is the very best of the wellness and fitness apps, and with yoga as such a growing segment in the U.S., we believe our partnership and commitment to this holistic approach to health is a win-win for our shareholders, Grokker, and health minded consumers everywhere."

Since launching its subscription service in 2015, Grokker has become the go-to resource for enthusiasts at every fitness level with a network of over 135­­ experts in yoga, fitness, meditation and healthy cooking. In addition to partnering with major cable providers, Grokker's enterprise business has also seen rapid growth; companies including Pinterest and Synaptics leverage Grokker's all-in-one wellness network as an employee wellness benefit package.

Last month Grokker announced a new Head of Enterprise Sales, Brian Berchtold, and a Vice President of SVOD, Kristen McNeill, to help support Grokker's evolution into the next phase. Additionally, an OS3 Apple Watch app is now available as well as offline video viewing with Grokker's latest iOS release.

Grokker CEO and founder Lorna Borenstein notes, "From the very beginning, we built Grokker with a mission to offer wellness to everyone, everywhere," said Lorna Borenstein. "What better way to share the gift of wellness than to make it easily and very affordably available on Comcast? This partnership, in addition to our recent round of funding, and enterprise side of the business, is creating a new era for Grokker and helping us to connect with even more individuals in search of a health program that fits their lifestyle."

"As an all-in-one wellness app, instead of a niche yoga or cooking-only network, Grokker is a unique venture," said Jennifer Fonstad, Co-Founder and Managing Partner of Aspect Ventures, an investor in Grokker. "Grokker already moved the needle in consumer tech since launching a few years ago, but now with this Comcast partnership Grokker is truly a multi-channel network that enables wellbeing on-demand."

For more information please visit:www.grokker.com

About Grokker:

Founded by mother, yogi, and successful entrepreneur Lorna Borenstein, Grokker is an online video wellness service for busy people on-the-go. Grokker makes it easy to take time for yoga, fitness, meditation, and healthy cooking by bringing thousands of stunning expert-led video class's right into your living room. Lorna's secret to her own personal and professional success is her deep commitment to a healthy lifestyle. Of course we all know that's easier said than done – you don't always have time to make it to a class or that perfect place to take a deep breath and focus on yourself. That's where Grokker comes in. Available online and on VOD, on Comcast, Amazon Prime, Apple TV, Roku, iOS, and Chromecast, learn more about Grokker at www.grokker.com

About Aspect Ventures:

Aspect Ventures partners with entrepreneurs at the ground floor to help build businesses and support them through the entire arc of their growth. We invest in companies that are leveraging data analytics and embracing interconnectivity to create new digital approaches to Marketplaces, Work, Security and Health IT. We founded Aspect to combine the best of what we've learned – across 100+ Seed and Series A investments – with a fresh perspective to do things better. We work together with entrepreneurs as their active advisors, board members and partners to help them grow their companies from inception to standalone, sustainable businesses. For more information, please visit www.aspectventures.com. Follow Aspect Ventures @AspectVC.

Jonelle Taylor, Sunshine Sachs on behalf of Grokker
[email protected] 
212-691-2800

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/wellness-startup-grokker-closes-series-b-bringing-total-funding-to-22m-from-sv-angel-first-round-capital-khosla-ventures-aspect-ventures-interwest-partners-comcast-and-correlation-ventures-300370376.html

SOURCE Grokker

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2017 New York The 7th Internet of @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, New York. Chris Matthieu is the co-founder and CTO of Octoblu, a revolutionary real-time IoT platform recently acquired by Citrix. Octoblu connects things, systems, people and clouds to a global mesh network allowing users to automate and control design flo...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.