French digital health startup Withings works out in Germany with fitness app acquisition

Issy-les-Moulineaux-based health wearables startup Withings has acquired Germany’s personalised workout and nutrition app 8fit.
French digital health startup Withings works out in Germany with fitness app acquisition

Issy-les-Moulineaux-based health wearables startup Withings has acquired Germany’s personalised workout and nutrition app 8fit. The acquisition of 8fit will allow Withings to further expand its global user footprint, develop cross-sell synergies, substantially enrich its digital platform with a huge library of valuable content, and further increase subscription revenue and user engagement.

Backed by its founder Eric Carreel as well as pre-eminent financial investors such as Gilde Healthcare, Withings is one of the global leaders in connected health devices.

Launched in 2014, Berlin-based 8fit has grown into a full-service offering for fitness that includes everything from workouts like HIIT and boxing to yoga and meditation to recipes. The firm has raised $10 million to date, including a $7 million Series A in 2017.

8fit’s CEO Mark Ralea said: “We saw a partner in the company as Withings shares our vision of holistic digital wellness for everybody.”

Clipperton acted as sole sell-side financial advisor to 8fit, its management and shareholders (a.o. Eight Roads and Creandum) on this sale.

Follow the developments in the technology world. What would you like us to deliver to you?
Your subscription registration has been successfully created.