Retrofit provides a technology-based personalized weight loss program for busy professionals at corporations. The program pairs wireless activity trackers and Wi‑Fi scales from Fitbit with a team of wellness experts — a registered dietitian, an exercise physiologist and a behavior coach — who work with clients via Skype videoconferencing. Retrofit sells its service to corporations and lists customers including VISTA Staffing Solutions, Salesforce.com, the NFLPA Former Players, Forsythe, DeVry, the American Medical Association and Google. The company is led by founder and CEO Jeff Hyman and employs 50 people nationwide. Financially, Retrofit announced an additional $5M in financing led by Cambia Health Solutions. Investors in the round include previous backer Draper Fisher Jurvetson (DFJ) as well as Correlation Ventures, Hyde Park Angels, Pritzker Group Venture Capital, Chicago Ventures and Firestarter Fund. The service is positioned for busy corporate professionals and delivered via technology-enabled remote coaching. Retrofit offers a weight-loss program that integrates connected hardware (Fitbit, wireless scales), Skype and a mobile app with live mentorship from "wellness experts," using data to tailor coaching. The product is positioned as a platform to aggregate additional miniaturized wireless devices over time and make device data actionable for coaches. Retrofit sells direct to consumers and via annual subscriptions to employers as a workplace wellness offering. The company reports "hundreds of customers," is growing at a high weekly percentage rate, and says 94% of program participants have lost weight. Future plans include adding more hardware integrations, enhancing the mobile app to drive compliance and monitoring, doubling software development staff, and building add-on services that could extend into medical monitoring. Management emphasizes staying focused on weight loss while using the platform to enable broader health-use cases. RETROFIT provides a year-long program that includes wireless monitoring of clients' weight, activity and sleep quality. Each client follows a personalized nutrition and fitness plan and attends weekly Skype video meetings with a private team of registered dietitians, behavior coaches, and exercise physiologists. The service uses advanced wireless devices to track weight, body composition, physical activity, and sleep patterns from home. RETROFIT markets its service directly to consumers, through employers, and via physicians. The company was founded by Jeff Hyman and is based in Skokie, Illinois. RETROFIT completed a $2M funding round led by I2A Fund, New World Ventures and FireStarter Fund. RETROFIT is a Skokie, IL-based data-driven weight loss company that provides wireless data collection devices and a personal team of wellness experts. Each client is assigned a registered dietitian, an exercise physiologist, and a behavior coach who design a tailor-made plan targeting a 10 or 15% body weight reduction and then sustained weight stability before graduation. The company collects wireless data to inform and adjust individual weight-management plans. RETROFIT closed a $700k seed financing and intends to use the capital to expand its operations nationwide. The business is founded and led by CEO Jeff Hyman.

Total raised

$16M

Funding rounds

4

Latest round

Equity

Latest activity

Dec 2013