Engage Ventures Invests in Peerfit, Selects Digital Health Company for Third Cohort of Portfolio Companies
The enterprise backed independent venture fund provides capital and mentorship to innovative companies
TAMPA, Fla., Aug. 23, 2018 /PRNewswire/ -- Peerfit, the market leader in connecting employers and carriers with flexible fitness experiences, announced today it has been selected by Engage, the largest strategic grouping of major corporations in an independent venture fund, as a member of its third cohort of investment companies.
Engage and their group of corporations contribute capital, expertise, time, and resources to their portfolio companies. The limited partner corporations include AT&T, Chick-fil-A, Cox Enterprises, Delta Air Lines, Georgia-Pacific, Georgia Power Foundation, Goldman Sachs, Intercontinental Exchange, Invesco Ltd., The Home Depot, and UPS.
"We are thrilled to bring Peerfit into our portfolio of companies," said Thiago Olson, Engage Ventures' managing director. "They are making waves in the corporate wellness and health care technology space and we are excited to be a part of the journey."
Peerfit connects employers, carriers, brokers, and their employees to fitness studios and gyms using corporate wellness dollars. Users can sign up for classes at fitness facilities using credits on their Peerfit dashboard.
"We are excited to partner with Engage and work with its corporate partners," said Peerfit CEO, Ed Buckley III, Ph.D. "Engage is making a difference for innovative companies and has already had an impact on two other local Tampa Bay companies, Homee and Intrinio. We are happy to be among the latest cohort and look forward to working together as we grow and continue to redefine wellness."
Engage is a venture fund and platform that gives entrepreneurs what they need most -- customers and market access. The Engage partners contributing capital, expertise, time, and resources include AT&T, Chick-fil-A, Cox Enterprises, Delta Air Lines, Georgia-Pacific, Georgia Power Foundation, Inc., The Goldman Sachs Group, Inc., Intercontinental Exchange (ICE), Invesco Ltd., Tech Square Ventures, The Home Depot and UPS. These corporate partners, along with Tech Square Ventures, and the Georgia Institute of Technology's Advanced Technology Development Center (ATDC) and Tech Square Ventures, provide tools, portfolio support and resources to companies on the platform. Engage is headquartered in Georgia Tech's Technology Square. For more information, visit engage.vc.
Peerfit is the market leader in connecting employers and carriers with personalized fitness experiences. Through its digital platform -- and using workplace wellness dollars -- insurance carriers, brokers, and employers can redefine their benefits programs by giving employees access to a network of fitness studios and gyms that offer a variety of classes that cater to all levels of fitness. For more information, visit peerfit.com.