Corporate / CVC
Every published round iFIT took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies iFIT has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for iFIT, as distinct from the investments it has made.
Companies iFIT has backed that another company then bought. An exit for the holding, not a deal iFIT did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of iFIT is recorded as having been acquired. | ||||
Companies iFIT acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Sweat | Acquisition | 15 Jul 2021 | ~$190m | Startup Daily (Mon 27 Nov 2023), Startup Daily (Thu 15 Jul 2021) |
| Name | Role | Sources |
|---|---|---|
| Scott Watterson | CEO | Startup Daily |
Stories naming iFIT. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
A year-in-review of Startup Daily's most-read 2021 stories, recalling major Australian tech exits including A Cloud Guru, Afterpay and Sweat, Canva's soaring valuation across three raises, Zero Co's crowdfunding record, and new VC funds.
Adelaide-based fitness app Sweat, co-founded by Kayla Itsines and Tobi Pearce, has been acquired by US connected fitness company iFIT in a deal the article values at $200 million, with both founders staying on.
Also Startup Daily