The $500K investment comes via the entrepreneurship arm of Aramco, Wa’ed.
Based in Jeddah, the GetMuv fitness app has been giving Saudi Arabians of all ages access to a wide range of affordable health and fitness clubs, allowing them to use multiple gyms instead of committing to just one centre. Its growing flexibility and popularity - bringing more than 100,000 Saudi Arabians to the gym - has earned it a USD 500K bridge investment from Aramco's entrepreneurship arm, Wa'ed.
“We are grateful to Wa'ed for their continued funding support, as we grow and expand our business," co-founder and CEO of GetMuv Ibrahim Yousef said. "Since our startup was created at the end of 2017, GetMuv has developed a loyal customer base of 130,000 registered sport and fitness enthusiasts who gain flexible, affordable, and on-demand access to over 100 top gyms.”
GetMuv has been able to use part of this investment to release their 1Pass, a corporate membership plan that lets employees of registered companies choose from a number of gyms, and select from a range of payment options.
Learn more about GetMuv here.
Sign up for the daily Startup Digest.