ShapeUp says 2015 was banner year

PROVIDENCE – ShapeUp, a provider of corporate well-being solutions, said 2015 was record-setting for the company as it welcomed 260 new customers to its client base, growing it to more than 800 employers worldwide.
The company also raised $5 million from Cue Ball Capital and Excel Venture Management, allowing it to invest in engineering, product, marketing, sales, client success and operations teams, resulting in a 30 percent increase in employees, including key executive hires.
The company would not say how many it employs, however.
ShapeUp expanded last year, launching a Boston office, and also released the Wellbeing Hub, a platform which aggregates the entire employee wellbeing system into a single, personalized interface.
The company said that in 2015, it inspired people around the world to increase their physical activity, leading leading participants to track more than 1 trillion steps to date on the ShapeUp platform, something it called “a new milestone in the world of employee well-being.”

“ShapeUp has once again marked a banner year of growth, innovation and results,” Dr. Rajiv Kumar, founder and CEO of ShapeUp, said in a statement. “Every year, we intend to better serve our clients and participants. I’m thrilled that in 2015, our team went above and beyond, delivering 100 percent revenue retention and laying the groundwork for an even more successful 2016. We anticipate a continued stream of exciting company announcements in the year ahead.”
In the coming months, ShapeUp said it will release new products, including enhanced mobile and smartwatch features, a new evidence-based approach to employee well-being assessments, more team wellness challenges, and lifestyle programs designed to reduce stress and improve resilience.

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