Militello Capital, a greater Washington, DC private equity investment firm, announced its follow-on investment and participation as the largest investor in the most recent round of financing for Nexercise, a Baltimore-based and veteran-led customizable fitness app company. The report was originally delivered in a press release on PRWeb titled “Militello Capital Makes Follow-on Investment in Nexercise”.
Nexercise and its founder Benjamin Young are graduates of the Washington DC Founder Institute. Nexercise is building Sworkit (derived from Simply WORK IT) - The leading platform on mobile, web, and smart TV for instructional exercise for both fitness and rehabilitative needs.
Two years after its initial investment, Militello Capital has reinvested in Nexercise in support of the launch of its new app, Sworkit. Militello increased its capital offering by 500 percent to close out the latest funding round.
Aside from the increasing interest in fitness technology and the growth Nexercise has experienced in particular, William Militello, CEO of Miltello Capital, also saw an opportunity to partner with a fellow veteran turned entrepreneur, Greg Coleman, COO of Nexercise.
We are energized to see the entrepreneurial spirit alive and well in our nation’s veterans." William Militello, CEO of Miltello Capital
For more information on Nexercise’s unique service visit their official website.
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