MoveSpring

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MoveSpring - overview

Established

2014

Location

Chicago, IL, US

Primary Industry

Software

About

Based in Illinois, US, and founded in 2014 by co-founders John Contreras and Anthony Knierim, Matchup LLC, doing business as MoveSpring, provides engaging tools and communities to motivate individuals towards healthier lifestyles. In March 2022, Reward Gateway UK Limited, a portfolio company of ABRY Partners, Great Hill Partners, and Castik Capital, acquired MoveSpring. The company offers an easy-to-use platform designed to encourage physical activity, build a positive workplace culture, and educate employees on essential health actions. The MoveSpring platform enables companies to run engaging fitness challenges suitable for all fitness levels.


Participants can compete individually or as teams, tracking progress in steps, distance, minutes, or custom activities. The platform supports a variety of wearable devices, ensuring inclusivity for users with different fitness trackers or those who prefer manual data entry. In addition to fitness challenges, MoveSpring provides features like customisable health content sharing, targeted announcements, and a community engagement component with chat functionalities. The platform's intuitive Admin Centre facilitates effortless programme management, allowing organisations to configure the platform according to their specific needs.


MoveSpring's product includes customisable challenges, ranging from classic step competitions to innovative activities like meditation and water intake. The platform fosters engagement through features such as streak, target, and leaderboard challenges, allowing users to set and achieve personalised goals. The company generates revenue through its monthly subscription plan, which costs USD 2000 (USD 10 per user per month) for one time, USD 2400 (USD 3 per user per month) for pro, and USD 3600 (USD 6 per user per month) for ultimate.


Current Investors

Reward Gateway (UK) Ltd.

Primary Industry

Software

Sub Industries

Healthcare IT, Application Integration Software

Website

www.movespring.com/

Verticals

HealthTech, Mobile Apps

Company Stage

Add-on

Total Amount Raised

Subscriber access only

MoveSpring - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedMoveSpring-

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