Funding announcement
Women’s health data startup Ovum lands $4 million Seed round
Melbourne women's health app Ovum raised $4m Seed funding led by Admiralty Capital Group to expand AI-driven health data tools, valuing it at $18 million.
Company
Sweat
Adelaide, SA
Funding history
Investors
Every investor coverage indicates participated in a round Sweat raised.
Who bought Sweat
The transaction that ended Sweat's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| iFIT | Acquisition | 15 Jul 2021 | ~$190m | Startup Daily (Mon 27 Nov 2023), Startup Daily (Thu 15 Jul 2021) |
What Sweat bought
Companies Sweat acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
People
| Name | Role | Sources |
|---|---|---|
| Adam Koch | CEO | Startup Daily |
| Cass Olholm | Contractor (former) | Startup Daily |
| Josh Volk | Head of Product (former) | SmartCompany (Fri 21 Feb 2025), Startup Daily, SmartCompany (Tue 18 Feb 2025) |
| Kayla Itsines | Owner · Founder | Startup Daily (Tue 18 Feb 2025), Startup Daily (Mon 27 Nov 2023), Startup Daily (Tue 4 Jan 2022), Startup Daily (Thu 15 Jul 2021) |
| Nic Pacholski | First Engineer (former) | SmartCompany |
| Tobi Pearce | Company Strategist · Founder | Startup Daily (Mon 27 Nov 2023), Startup Daily (Tue 4 Jan 2022), Startup Daily (Thu 15 Jul 2021) |
Coverage
Stories naming Sweat. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
9 deals
Seven ANZ startups that raised $42.8 million this week
Weekly roundup of seven Australian and New Zealand raises totalling $42.8 million, spanning property-investment AI, workforce credentialing, allied-health practice software, conversation analytics, maths learning games, copper processing and holiday-park bookings.
Pre-seed
$600k
Former Sweat exec launches caravan park booking platform after $600,000 pre-Seed raise
Ex-Sweat product chief Josh Volk launches ParkBooker, a reservations platform for holiday parks, this week, backed by a Singapore-based fund and three individual investors in a pre-seed round.
Pre-seed
$600k
ParkBooker raises $600,000 to expand booking options for holiday parks
ParkBooker has completed an oversubscribed pre-seed raise for its holiday-park booking service, backed by Rising Tide Investment and several angels, and will grow the product for travellers and park operators.
Also SmartCompany
Funding announcement
ReciMe sizzles, jumping from 20,000 to 400,000 users in 2023
Recipe app ReciMe grew from 20,000 to 400,000 users in 2023, launched a subscription tier, and the article recalls its $500,000 pre-seed raise backed by three investors.
5 deals
Startup Daily's most read stories of 2021
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.
Exit / M&A
Fitness app founder Kayla Itsines sells Sweat for $200 million
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