Companies · Sports & Fitness

Welnes

Africa · Sports & Fitness

Diligence memoA one-page analyst read on Welnes — recommendation, valuation, rhythm, risks.
$300K
Total raised · real
1
Rounds
Latest step-up
Top 72%
Sector rank · raised
Seed
Latest stage · inferred · Tue Mar 22 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Welnes looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.33× the median modeled value of Seed Sports & Fitness companies in 2022–2024 (21 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.3 yr ago; this sector typically re-raises about every 14 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Where it sits in Sports & Fitness

Welnes is one of 214 Sports & Fitness companies tracked from Africa. By capital raised it ranks in the long tail (ahead of 29% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

Egyptian fitness app Welnes has closed a US$300,000 seed funding round to expand its team and prepare for GCC expansion by 2023.

Egyptian fitness app Welnes has closed a US$300,000 seed funding round to expand its team and prepare for GCC expansion by 2023.

sports-fitness

As reported in public records reported — not modeled.

EG
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3M$2.5M$3.8M$5.0MSeed · 2022-03-22 Raised $300K (real) Modeled valuation $2.9M (est)$300K$2.9MSeed2022

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$300K · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$2.9M
Base estimate est.
$270K
Conservative case
$14.5M
Upside case
$1.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
40%
Survival probability
18% low · 62% high
1.45×/yr
Annual markup
1.90×/yr upside case
4.3 yr
Elapsed time used
4.3 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.3 yr
On record since
2022
First round
1
Rounds on file
How it compares to the market

Benchmarked against 214 companies in Sports & Fitness. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.2× of median
This company$300K
Sector median$1.8M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.2× of median
This company$300K
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$2.9M
Sector median$11.6M

Raised more than 29% of sector peers (real $). Modeled value above 33% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #19 of 21.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)MW Fitness Holdings, LLC · Seed Raised $5.5M · modeled $20.7M (est)So Cal Gyms II LLC · Seed Raised $3.1M · modeled $20.3M (est)Athletic Estate, Inc. · Seed Raised $3.0M · modeled $18.7M (est)Sports Visio, Inc. · Seed Raised $6.1M · modeled $17.7M (est)New England Sports Hub & Event Center, LLC · Seed Raised $3.2M · modeled $16.7M (est)New England Sports Hub Real Estate, LLC · Seed Raised $2.9M · modeled $15.2M (est)Moonwalk Fitness Inc. · Seed Raised $3.4M · modeled $14.5M (est)F5 Sports, Inc. · Seed Raised $5.3M · modeled $14.2M (est)Safer Sports, Inc. · Seed Raised $2.6M · modeled $13.4M (est)EAMG Sports, LLC · Seed Raised $3.0M · modeled $11.0M (est)Sports Thread Inc · Seed Raised $5.1M · modeled $9.0M (est)Taurus Gym Holdings, LLC · Seed Raised $1.5M · modeled $8.9M (est)Welnes (this company) Raised $300K · modeled $2.9M (est)Welnes
CompanyStageRaised · realValue · estvs peer med.
MW Fitness Holdings, LLCSeed$5.5M$20.7M2.29×
So Cal Gyms II LLCSeed$3.1M$20.3M2.25×
Athletic Estate, Inc.Seed$3.0M$18.7M2.07×
Sports Visio, Inc.Seed$6.1M$17.7M1.96×
New England Sports Hub & Event Center, LLCSeed$3.2M$16.7M1.85×
New England Sports Hub Real Estate, LLCSeed$2.9M$15.2M1.69×
Moonwalk Fitness Inc.Seed$3.4M$14.5M1.60×
F5 Sports, Inc.Seed$5.3M$14.2M1.57×
Safer Sports, Inc.Seed$2.6M$13.4M1.49×
EAMG Sports, LLCSeed$3.0M$11.0M1.22×
Sports Thread IncSeed$5.1M$9.0M1.00×
Taurus Gym Holdings, LLCSeed$1.5M$8.9M0.99×
Welnes this companySeed$300K$2.9M0.33×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$300K2022-03-22$1.5M$2.9M45%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$300K2022-03-22
    • First recorded raise — entered as Seed.
Intelligence
Modeled next raise
$480K
Modeled next size est.range $312K$768K
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Registry & provenance

Welnes is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
EG
Jurisdiction
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Alpha Fitness LLCSports & FitnessPre-Seed$300K$6.9Msame sector
Cadet Athletic Performance LLCSports & FitnessPre-Seed$310K$733Ksame sector
Sport Source IncSports & FitnessPre-Seed$288K$6.1Msame sector
STL Athletic Holding Co LLCSports & FitnessSeed$1.0M$8.7Msame sector · same stage
Local Sports Network Inc.Sports & FitnessSeed$1.1M$14.4Msame sector · same stage
Rewire Fitness, Inc.Sports & FitnessPre-Seed$320K$1.3Msame sector
Pelo Fitness Russian Hill, LlcSports & FitnessPre-Seed$325K$7.5Msame sector
Hit & Run Sports Holdings LLCSports & FitnessSeed$1.2M$22.2Msame sector · same stage
Frequently asked
How much funding has Welnes raised?
Welnes has raised approximately $300K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Welnes's estimated valuation?
Provath's modeled valuation for Welnes is approximately $2.9M (modeled range $270K–$14.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Welnes at?
Welnes's latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Mar 22.
What does Welnes do and where is it based?
Welnes operates in the Sports & Fitness sector, based in Africa. Egyptian fitness app Welnes has closed a US$300,000 seed funding round to expand its team and prepare for GCC expansion by 2023.
Explore related

See where Welnes sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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