Diligence memo · auto-generated · as of July 2, 2026
Welnes
Welnes looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Welnes operates in Sports & Fitness, 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.
Sub-sector tags: sports-fitness.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Welnes has raised $300K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $300K on 2022-03-22.
Most recent recorded round closed around 2022-03-22.
Valuation (modeled)modeled
Provath models Welnes at approximately $2.9M (range $270K–$14M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
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.
Comparablesmixed
Capital scale ranks ahead of 29% of Sports & Fitness peers (214 compared).
Modeled value ranks above 33% of those peers.
Closest niche peers: MW Fitness Holdings, LLC, So Cal Gyms II LLC, Athletic Estate, Inc., Sports Visio, Inc., New England Sports Hub & Event Center, LLC.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.