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Dailyburn (formerly Gyminee) raises funding

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May 27, 2009 

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Edward Barrera  |

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Dailyburn (formerly Gyminee) raises funding

ADOTAS — The fitness social network has secured $525,00 in seed funding.

Led by FF Angel LLC, with a number of angels including Garrett Camp and Tim Ferrissalso participating, Gyminee also announced a name change to DailyBurn. Launched in 2007, the social network offers a database of healthy food and tracks exercise.

The company generates revenue from premium features, though it also appears to solicit advertisers, which would make sense. Two revenue streams, the so-called fremiums sites, are the ones investors like most.

Tags: Dailyburn, Gyminee, health, internet-advertising, online-advertising, social-media-marketing and Social-network

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