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Vivecoach Announces $1,500,000 in Funding


June 16, 2011 - Menlo Park, CA

Vivecoach, the leading corporate wellness challenge application company, today announced that the company has raised a new round, bringing total funding to $1.5M. Lead investors include serial entrepreneurs Konstantin Othmer and Bruce Leak, with participation from Seraph Group, Aquinas Companies, TIBCO Software co-founder Jeff Risberg, and several other technology investors.

"We are delighted that these seasoned investors have partnered with us to fulfill our vision of revolutionizing corporate wellness through gaming," says Vivecoach co-founder and CEO Doug Keare. "They really understand what it takes to build a significant business and are providing incredibly valuable insight and guidance."

The new funding will allow Vivecoach to expand its marketing and direct sales efforts and continue to push the envelope on creating the simplest, most rewarding user experience for corporate employees. The Vivecoach service is currently being used by employees in over 20 countries as executives everywhere are eager to bring visibility and action to their corporate wellness efforts while improving teamwork and morale.

"Vivecoach's early customer success proves the effectiveness of their gamification approach to wellness and employee engagement. This financing will help them expand their direct sales efforts and pursue key strategic partnerships," says co-lead investor Konstantin Othmer.

About Vivecoach
Vivecoach, launched in 2010 in Menlo Park, California, brings gaming to work. Vivecoach's fun web- and mobile-based challenge platform helps corporations link wellness to strategic objectives and initiatives and engage employees in health behavior change. Challenges bring gaming benefits to any activity where competition among individuals or teams, or the shared experience of striving toward a group goal, can be used to encourage desired behaviors. Vivecoach has combined the universal appeal of gaming with the convenience of mobility and the power of employee initiative to help corporations drive organization performance. Vivecoach customers include numerous large public companies and institutions throughout the U.S.

www.vivecoach.com.

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