Sydney, Australia 10th November 2021 — BodyMindLife Online is an emerging two sided marketplace supporting educators and teachers to connect with their students in the wellness sector was accepted into Newchip’s renowned global accelerator program. Designed to provide all the skills and tools seed-stage founders need to rapidly fund, build and scale their companies, past accelerator cohorts averaged more than 17.5 times the average funding amount. The equity-free, fully digital accelerator has helped over 1,000 founders from 250+ countries to raise over US$450 million in funding.
“Newchip evaluates a vast and diverse number of companies from across the globe, selecting only a small percentage to be part of our Seed Accelerator program,” says Armando Vera Carvajal, Vice President of Product at Newchip. “This careful vetting process of both the business model and founder makes us an ideal partner for venture capital investors and other key stakeholders in early-stage startup financings who are looking for promising startups. Wellness companies like BodyMindLife Online can scale quickly with proper funding and guidance. We are excited for BodyMindLife Online and believe they will do well at Newchip.”
Started in April 2020 and went live in April 2021, BodyMindLife Online is on a mission to empower passionate educators to create content and be financially and emotionally rewarded in a hybrid online and offline. Our educators exist in both realms.
Since launching the company has
- Closed US$650m initial funding
- Paid US$52,000 to teachers since June 2021
- 2,000+ customers + 60 Teachers with an Australian focus for launch with a growing international community.
“Being part of the Newchip Accelerator, we are looking forward to building a deeper global community, meeting US based investors to capitalise on our core – supporting the teachers. This would mean a true acceleration of our successful business model and access to the new community models being built on top of Web3 where we see exceptional opportunities.“ Phil Goodwin and Peter Tippett Co Founders.
About BodyMindLife Online
BodyMindLife Online is a SaaS Community based marketplace where Yoga, Pilates, Fitness, and Wellness educators upload their inspired content, be it classes, lectures, talks, and more. Global students access the content and teachers are paid per view. The platform encourages connection between teachers and students, motivates and rewards those network connections. Ultimately we provide the tools for teachers to monetize and grow their networks. For students, we create connectivity and personalization of experience with their teachers in a high-quality environment. We are looking to Web3 to advance community connectivity. The business has been designed to allow all educators to follow their passion that they can’t in their normal physical world of studios and create a new passive income to allow them to focus on their passion. Will grow this to other modalities of learning as we grow.
Newchip is an online, global startup accelerator, led by a world-class team of entrepreneurs and investors. It was designed to provide founders with the tools needed to rapidly fund, build, and scale. Since its inception in 2019, the equity-free, remote accelerator has helped over 1,000 founders from 205+ countries raise over $450 million in funding. It has three distinct six-month accelerator programs based on company stage: Pre-Seed, Seed, and Series A. Its vast network of global investors, strategic partners, and mentors guide companies from team building and prototype development to securing high-profile VC investment, corporate partnerships, and everything in-between. To learn more visit https://launch.newchip.com/