Ulive, which offers its users the ability to work out from anywhere, received a $600,000 investment.
Ulive, providing live classes in a variety of sports such as boot camp, yoga, pilates, indoor cycling, and fitness, received a $600,000 investment led by TechOne VC and twozero Ventures with participation from Sankonline, Angel Effect, Umur Gençoğlu, Ertuğrul Konukoğlu, Hacı Sabancı, Yiğithan Orhan, Duran Efe, and Emircan Şahin—based on a $6.6 million valuation. With this investment round, Urban Riders and Ulive will continue their journey in the global market under the name “Urban Active.”
Digital Fitness Application Ulive Continues to Gain New Subscribers!
Ulive, the digital fitness program of Urban Riders that established as a group fitness studio, offers a user-friendly design that enables users to exercise whenever and wherever they want. This allows Ulive to help all users who wish to integrate exercise into their daily lives save time and minimize the costs associated with working out. Ulive provides live training in various fields such as boot camp, pilates, stretching, dance, indoor cycling, and mobility with over 22 in-house trainers, while also giving customers access to a library of all training recordings and the ability to create customized programs. Ulive continues to rapidly reach new users by offering a digital fitness world.
Targeting the Global Market with a New Investment Round!
Since its launch, Ulive has grown with strong momentum, reaching over 75,000 active users. With more than 35,000 users from 16 different countries on its platform and an average monthly growth rate of 30%, Ulive has increased its monthly revenue to over $10,000 in a short span of 12 months. Additionally, Ulive has initiated efforts to establish a physical studio in the U.S. to accelerate community-building processes. With its refreshed brand identity starting this September, Ulive plans to boost international subscriber acquisition through marketing campaigns in the U.S., strengthen user engagement with integrated gamification enhancements, and complete necessary integrations to allow fitness enthusiasts to follow other users thus increasing product loyalty. Once these integrations are completed and Ulive enters the U.S. market, it aims to achieve over $200,000 in monthly recurring revenue (MRR) by the end of 2023, positioning itself as one of the leading companies in the digital fitness sector.
Ulive’s Founder and CEO, Ahmet Berkman, stated, “With the ever-increasing momentum of digital transformation, we are telling our story in the most authentic way. By quickly adapting to the digital world, we are bringing together fitness enthusiasts who listen to our story through the content they engage with, and we accelerate growth not only through their sporting activities but also via the social network they build indoors. We are very excited to share this story with the world through Ulive. With this investment round and our renewed brand identity, we aim to move our headquarters to the U.S., reach broader communities with higher quality content, develop more useful content, and integrate our core topics such as hardware integration to the highest standards, making us one of the leading brands in the global fitness market. We feel the excitement and motivation of being the first success story in this field from Turkey and of continuing that success. We have achieved great things in the fitness arena in Turkey. Now, with Ulive, we are eager to share this experience and excitement with the world, especially in the U.S. Our goal is to reach 50,000 paid subscribers within the next 12 months.”
YOU CAN VISIT https://ulivefitness.com/TO EXPLORE ULIVE.