Quell raises £8.3m in a Series A round led by Tencent to expand its fitness gaming platform.
The funding round was led by Tencent with participation from Khosla Ventures, Heartcore Capital, Social Impact Capital and Naval Ravikant.
Quell is a fitness gaming developer and publisher that combines wearable resistance technology with immersive video games. Based in London, the company produces proprietary motion and biometric tracking systems designed for home exercise.
Fitness gaming developer Quell has secured £8.3m in a Series A funding round led by Tencent. The capital injection includes participation from existing and new backers including Khosla Ventures, Heartcore Capital, Social Impact Capital and Naval Ravikant. The company will use the proceeds to scale up its launch game and expand its video game library alongside large-scale production of its Impact fitness gaming system.
The London-based business has experienced strong pre-orders for its proprietary motion and biometric tracking technology. The platform features athlete-grade resistance bands and delivers workouts comparable to an intense spin class. Quell previously raised a $5.6m seed round in late 2020.
Use of funds
- 01Continue product development
- 02Scale operations
