|Description||Incentivize your Exercise|
|Seed, 1/12 ||$118k|
|Seed, 6/12 |
TEEC Angel Fund
GymPact is a check-in app that uses cash incentives to get you to the gym!
Members make a Pact of how many days a week they want to exercise, and how much they will put on the line to pay if they DO NOT get to the gym. If they meet their Pact by checking in at their gym with our Smartphone app, they receive cash rewards, paid for by those who did not exercise! Members get a double incentive to get to the gym, and GymPact takes a cut when we pay out to members who successfully met their Pact.
GymPact is the only fitness technology to use both positive and negative incentives, and that has allowed us to be 90% effective at getting people in our pilots to the gym and to give real rewards using the money paid by non-exercisers.