Sportlyzer Closed Seed Investment
Sportlyzer, a newcomer in sports web applications working on an intelligent online fitness instructor, closed venture capital investment from Estonian Development Fund and a private angel investor Rein Lemberpuu. Sportlyzer has made its goal to become the leading online fitness advising artificial intelligence in the world.
In August 2010 Estonian Development Fund and private angel investor Rein Lemberpuu made a seed capital investment into a sports technology company Sportlyzer that is developing a social web application for workout tracking and consulting. Sportlyzer’s uniqueness stands in workout and motivation management algorithms that give birth to a digital online fitness instructor. Rein Lemberpuu, former CEO of Playtech Estonia, head of Supervisory board at Sportlyzer, explains his investment into Sportlyzer: “I invested into Sportlyzer because I find its idea contributing to community and the team has potential to build a major leader in the area of fitness-management applications.”
- Investor of Sportlyzer, Rein Lemberpuu
Sportlyzer focuses on fitness level exercisers with sedentary work style. Online application helps to find workout buddies, manages exertion and motivation if needed. As Kristjan Port, the director of the Institute of Health Sciences and Sports of Tallinn University and the author of Sportlyzer’s workout management algorithms, states: “There are huge crowds of health level exercisers working out and taking part in sports events. Isn’t it surprising and paradoxical, that still they are so alone in their workout management. At the same time our team has the ability to support them with useful technology for that. I find it really inspiring and contributing to solve such a challenge.”
The first target markets of Sportlyzer are UK and USA. “There are many reasons for that: there are well developed fitness infrastructures, our target customer proportion in both populations is high, we are familiar to their cultural background, and of course, English is the No 1 language in the Internet,” says Tõnis Saag, the founder and teamleader of Sportlyzer. “It takes a little time until public launch, but it is already possible to subscribe to private bet at www.sportlyzer.com.”
Sportlyzer was founded by Tõnis Saag and an internet entrepreneur Jüri Kaljundi (CV-Online, Nagi, Emp.ly, Talentag) in July 2009. Soon the team was joined by Kristjan Port and a well-known sports psychologist Aave Hannus. The project was funded by Enterprise Estonia to develop the algorithms and in August 2010 Sportlyzer raised seed capital. Tõnis Saag is the manager of the company and the supervisory board consists of Margus Uudam from Ambient Sound Investments, Rain Rannu from Fortumo, Andrus Oks from Estonian Development Fund, Rein Lemberpuu and Jüri Kaljundi.
Contact: Tõnis Saag, tonis.saag /at/ sportlyzer.com, +372 5690 4988, Skype tonis.saag
