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ShapeUp

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Clinically-proven, social networking-powered corporate wellness solutions

Providence, United StatesFounded 2006Consumer Services
Valuation $25–50M Last recorded · 2013
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for ShapeUp and the history behind them.

About ShapeUp

ShapeUp was a digital health and corporate wellness company founded in 2006 by Dr. Rajiv Kumar and Dr. Brad Weinberg, who were medical students at Brown University at the time. The venture originated from Dr. Kumar's frustration as a first-year medical student with the limited tools available to help patients make sustainable lifestyle changes. He observed that patients with strong social support systems were more successful in achieving their health goals, which became the foundational concept for the company.

Initially started as a non-profit called ShapeUp RI with a $10,000 grant from Brown Medical School, the platform was designed to help Rhode Islanders improve their health. The turning point came when CVS Caremark expressed interest in using the platform for its 150,000 employees, prompting the transition to a for-profit business. Dr. Kumar and Dr. Weinberg took a leave of absence from medical school to focus on the company. Dr. Weinberg, a self-taught programmer, built the software platform.

The company's core business was providing a software-as-a-service (SaaS) platform to corporate clients to run employee wellness programs. It operated in the corporate wellness market, serving over 800 customers, including many Fortune 500 companies, with a reach of two million users globally. ShapeUp's platform used social networking, team-based challenges, gamification, and evidence-based science to encourage behavior change and improve employee health. The technology was designed to be highly configurable, offering solutions like biometric screenings, health risk assessments, and programs for smoking cessation and stress management.

On February 24, 2016, ShapeUp was acquired by Virgin Pulse, a subsidiary of Richard Branson's Virgin Group, as part of a three-way merger with Australia's Global Corporate Challenge. The terms of the deal were not disclosed, but the combined entity became one of the world's largest providers of technology-enabled wellbeing software. Following the acquisition, Dr. Rajiv Kumar was appointed President and Chief Medical Officer of the newly formed Virgin Pulse Institute, overseeing the organization's analytics team.

Source: Dealroom company data

At a glance

Founded
2006
Headquarters
Providence, United States
Sector
Consumer Services

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

  • Excel Venture Management
  • Cue Ball
Team profiled 17 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇺🇸 United States66.7%
🇭🇺 Hungary16.7%
🇧🇷 Brazil16.7%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about ShapeUp on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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