Coopah: A Race Towards Success with Support from dmg ventures

Deal News | Jan 21, 2025 | dmg ventures

Coopah: A Race Towards Success with Support from dmg ventures

dmg ventures is making a strategic investment in Coopah, a running app designed to enhance physical and mental wellbeing through personalized training plans. Coopah's strong market presence is bolstered by high-profile partnerships with notable UK races like the London Marathon and the collaborative development of a community-based approach as highlighted through initiatives like the Refugee Run Club. Founders Pete and Dan, backed by a competent team, have crafted a compelling brand narrative and product, which have driven significant interest and a strong user base. With a business model that encourages organic growth and a scalable market, Coopah stands poised for further expansion by integrating AI features and building robust social connections within user communities. The positive financial indicators and optimitic long-term vision underscore the investment's attractiveness.

Sectors

  • Fitness Technology
  • Venture Capital

Geography

  • United Kingdom – Key activities, including strategic race partnerships and the primary market for Coopah, are centered in the UK.

Industry

  • Fitness Technology – Coopah operates within the fitness technology industry, providing digital solutions for running enthusiasts with its intelligent app.
  • Venture Capital – dmg ventures is investing capital into promising startup Coopah, reflecting their alignment with the venture capital sector.

Financials

    Participants

    NameRoleTypeDescription
    dmg venturesInvestorCompanyA private equity firm investing in Coopah during its seed round.
    CoopahTarget CompanyCompanyA running app focused on improving physical and mental health through personalized training plans.
    PeteFounderPersonOne of the co-founders of Coopah, instrumental in its brand identity and strategic direction.
    DanCo-founder and CEOPersonCo-founder and CEO of Coopah with experience in launching and exiting tech startups.
    GarethChief Marketing Officer (CMO)PersonFormer advisor and now the CMO at Coopah, with a background in leading Strava's European expansion.
    Redrice, Active, and RiantaOther InvestorsCompaniesFirms involved in the seed round funding of Coopah alongside dmg ventures.