KFit
Joel Neoh’s funding strategy to maximize equity
Joel Neoh has a deliberate and clear strategy in raising funding for his health and fitness startup KFit, designed to ensure he gives out as little equity as possible for the money he needs to raise to build an Asian-wide business. Karamjit Singh has the story.
Joel Neoh’s KFit raises US$3.25mil in Sequoia-led investment round
Regional fitness-sharing platform KFit, founded by entrepreneur and former Groupon international vice president for Asia Pacific Joel Neoh, said it has raised US$3.25 million in an investment round led by Sequoia Capital.
Week in Review: A new startup star on the horizon?
Not surprisingly, DNA founder Karamjit Singh’s thoughts this week revolve around Joel Neoh and what he brings to the table with his latest foray into the startup world, while those of you in Malaysia, Thailand and Singapore may want check out the broadband affordability story.
Joel Neoh's KFit aims to make keeping fit fun, and social
Keeping fit is what has got Joel Neoh excited enough to base his new startup KFit on it. Not only is the market size large, he also sees a greater purpose – to help raise fitness and by association, health levels across Asia Pacific. And for starters, he believes he has possibly raised the largest pre-seed funding round in Asia.
