Editor’s Note: This story first appeared in the Washington Business Journal. It appears here in an abbreviated format. See the original post here.
Maryland health tech startup BurnAlong Inc. is still offering its corporate wellness benefit despite the nationwide shift to remote work — and it just raised $4 million to keep it up.
The round was led by existing investors, a roster that includes Johns Hopkins University, private equity fund Brown Advisory and the Abell Foundation, as well as doctors that see its medical potential, and friends and family. It also involved new investors including DM Wellness and McLean’s CR2 Capital Ventures.
The new capital — which brings total funding to date to $7 million — will be used for hiring.
Its classes, spread across more than 45 categories in physical, emotional and financial wellness areas, are built to serve customers of all ages. Cost varies depending on the size of the company, and people can also sign up individually for about $15 a month.
BurnAlong’s Mid-Atlantic clients range from banks and tech companies to retailers and insurers. The list includes Montgomery County, Baltimore City, McCormick, Brown Advisory, Johns Hopkins University, University of Maryland Medical System, Kaiser Permanente, and George Mason University.
