Kuwait-based startup Hot Technologies raises USD 1.1 million
Kuwait: Hot Technologies, a Kuwait-based digital fitness startup, has successfully closed its $1.1M Seed funding round, from strategic regional angel investors at an undisclosed valuation.
HOT Technologies is a subscription-based fitness application that makes fitness accessible and rewarding by putting exceptional workouts in your hands so that you can train anytime and anywhere.
Their goal is to ultimately become the solution to motivate people in the MENA region and beyond to lead a healthy and happier lifestyle, by implementing technology and some of the best minds and bodies in the fitness world.
The funds will be used to further develop their product offerings to provide people an addicting take on fitness by leveraging the latest technology and by onboarding top coaches across the Middle East.
Founder and CEO, Nezar Al Saleh said, “We can’t wait to show our region, as well as the world how the HOT app can make fitness fun, social, and empower us all to lead a healthier lifestyle. COVID-19 helped shed light on the value of training regularly at your own time and place.”