setting the scene
- in preparation for leg day, you make your go-to protein shake to bring to the gym 🏋🏻♂️
- you grab a scoop of protein powder from the gallon container, and suddenly powder goes everywhere 🥄
- you clean up the mess but find protein powder around your kitchen for the next week 🤦🏼
- this week’s company helps you avoid this mess and provides a simpler way to consume protein and other powder supplements
in a sentence
Fitto provides individualized capsules, a smart bottle, and an app to simplify, automate, and personalize the powder supplement experience
- capsules: single-serving pods enable easy storage, flavor diversity, and the right dosage at each use
- bottle: tracks consumption, prompts users when to take the pod, analyzes behavior, and automates refills
- app: allows supplement brands, wellness professionals, and consumers to manage usage
bulleted version: similar to how you place a pod into your Nespresso coffee maker, Fitto allows you to pop a powder supplement into your drink ☕️
the basics
- industry: fitness, consumer goods
- headquarters: Tel Aviv, Israel 🥙
- year founded: 2016
- company size: <15 employees 💼
- investors: Squareone, Welltech Ventures, leAD, Cigale Holdings, Dima Shafranovich, Fabrice Boutain, Guy Yitzhaki
- amount raised: $2.5m
- business model: recurring b2b (Fitto white labels their product to supplement companies), d2c
sponsored by
- do you want to learn and access the best tools and resources to turn your startup idea into something tangible?
- Founders’ Book offers a single workspace for building and growing your startup, so you can save up to $500K in credits and benefits from 200+ SaaS platforms
- use the code “BulletPitch” and save 30% on all the plans; get founders’ book now
due diligence
what we like
- 🤝 multiple end users: Fitto sells to brands to co-pack their powders, fitness instructors to monitor clients, and consumers to automate and track their supplement usage
- 📈 strong market: Fitto is disrupting the growing $12b workout supplement market and is well-positioned to reach the wider $150b+ global dietary supplements industry
- 📱end-to-end: there’s a solution for every step of the supplement delivery method, from packaging to consuming to monitoring
potential risks
- 🛑 limited use: supplements take a variety of forms, including gummies, pills, gels, and bars; Fitto’s total addressable market is limited to powder users
- plus, the capsules require customers to use the smart bottles
- ⚙️ lots of moving parts: while the company is disrupting the supplement supply chain, the pod-bottle-app system may confuse some users
- 🆕 customers: it may be difficult to convince supplement brands and fitness instructors that Fitto’s products will help increase sales and improve customer engagement
weekly cartoon
founder profiles
- Ari Friedrich (CEO; prev. @ Intel, Anobit)
- Yaniv Lavi (COO; prev. @ STS)
comps
why Fitto: consumers struggle to choose, remember, carry, take, store, and reorder supplements; with a few big brands like Allin already on board, Fitto is positioned to shake up the supplement powder industry 💪
what do you think about this startup?we want to hear from you! |