Company Overview
Zeamo
Zeamo is a New York-based company in the Health, Wellness & Fitness industry, offering corporate fitness and wellness solutions. Founded in 2017, it is a privately held enterprise with a team of 11-50 employees. Zeamo is dedicated to inspiring movement through diverse fitness offerings aimed at corporations and their employees.
Core Offerings
Zeamo provides a comprehensive wellness program called the Zeamo Fitness Passport Program. Key features of this program include:
- Access to a nationwide network of over 2,000 gyms and studios, with options for live streaming classes and on-demand digital workouts.
- Activity rewards and challenges designed to boost employee engagement and promote healthier lifestyles.
- Integration with fitness trackers and a mobile check-in system for a seamless user experience.
Additionally, Zeamo emphasizes mental health through a partnership with Soaak Technologies, offering sound frequency therapy to alleviate stress and enhance productivity.
Strategic Partnerships
- Mayo Clinic Diet Partnership: Zeamo includes the Mayo Clinic's weight loss program to address workplace obesity, a significant economic burden costing US businesses $425.5 billion annually.
- Soaak Technologies Collaboration: Through this partnership, Zeamo provides sound frequency therapies that promote relaxation and mental clarity.
Leadership Team
- Paul O'Reilly-Hyland: Founder and CEO, previously Managing Director at JPMorgan. His passion for fitness translates into Zeamo’s growth and strategic partnerships.
- Rhonda Rosen: Contract Chief Financial Officer, with substantial experience in finance and strategic management, instrumental in economic strategies and financial oversight.
Market Dynamics and Competitive Edge
Zeamo targets modern workplaces, especially focusing on Gen Z and Millennials who emphasize accessible and comprehensive wellness benefits. This demographic makes up over 60% of the workforce and often values digital access to wellness services. Zeamo's technological integration positions it well in the market, aligning with trends where 73% of job seekers prioritize wellness benefits.
Recent Developments
The company has enhanced its market presence with various innovative initiatives, such as:
- Reduced rates on iFIT’s Interactive Connected Health & Fitness app.
- Promotional campaigns like the Fall into Fitness Challenge and exclusive discount partnerships.
These strategies are backed by alliances focused on elevating physical and mental wellness, consistent with their holistic health commitment.
Financial Information
Zeamo secured funding of $9.7 million through undisclosed rounds as of November 28, 2021. This capital is aimed at expanding and evolving their corporate wellness services, underscoring their leadership in employee wellbeing.
Competitor Profile
Market Overview
Zeamo provides corporate wellness benefits including on-demand workouts, live class streaming, and access to over 2000 fitness providers. They differentiate themselves with engagement tools like activity tracking, rewards, and mobile check-ins, enhancing participation among corporate clients and health plan partners. The company reports an estimated annual revenue of $1.1 million, however, encountered a -38% employee growth last year, hinting at possible internal challenges.
Key Competitors
- Gympass: Features a broad array of gym and studio access, promoting wellness through a diverse network.
- PeerFit: Known for flexible and customized corporate fitness solutions.
- ClassPass: Offers comprehensive class networks and adaptable corporate wellness programs.
- Other Competitors: Includes FranklinCovey, Workpartners, TaskUs, Cureore, Virtue Health, Wellable, and WebMD Health Services, competing in various aspects of employee growth and revenue.
Market Position and Challenges
Zeamo excels with a strong fitness provider network and added value from technology-driven engagement tools. However, challenges include:
- A small workforce of 8 employees with a revenue per employee metric of $135,000, which could impact scalability.
- The recent employee growth decline points to the need for strategic hiring or partnerships to maintain competitiveness.
Competitive Advantages
Zeamo's market distinction is grounded in its integration of engagement tools that effectively encourage employees to maintain fitness routines. Leveraging technology and a wide provider network, Zeamo is poised to capture trends in personalized and flexible corporate wellness solutions.
This positioning ensures Zeamo remains a strong contender in advancing corporate wellness needs, although ongoing focus on internal operations stability and technological enhancement are crucial for sustained competitiveness and growth.
