Motosumo Raises $6M in Series A Funding


Motosumo, a Copenhagen, Denmark-based fit-tech company, raised $6m in Series A funding.

The round was led by Magenta Partners with participation from existing investors, which included Promentum Equity Partners, and PreSeed Ventures.

The company intends to use the funds to double its roster of instructors across four continents (Europe, North America, Asia and Australia), expand its tech team, and increase its marketing efforts.

Founded in 2015 by CEO Kresten Juel Jensen, Motosumo provides an at-home indoor cycling platform offering live, interactive classes from any bike. Users can join the platform from home, using any bike and a mobile phone or tablet and can be connected to enjoy a fully interactive class.