LEOMO (formerly Lemonade Labs) is a developer of innovative sports devices to help athletes elevate their performance.
Business Model:
Revenue: $0
Employees: 11-50
Address:
City: Boulder
State: Colorado
Zip:
Country: United States
Leomo develops sports devices for athletes that use smart sensors, advanced analytics and a cloud-based service to provide data-driven coaching feedback based on latest sports science. With Leomo Lab&s;s sensor technology, an athlete can monitor his performance, movement and form on a display worn on the wrist or attached to a handle bar on a bicycle. The device also incorporates advanced analytics to summarise the data and provide coaching feedback while training. They named this service Leomo and its development company Lemonade Lab, Inc. Lemonade was originated by a clause "When life hands you lemons, make lemonade" which is used to encourage people in the U.S. Lemons is a slang which means defective product or mess. On the other hand, lemonade represents sweet and tasty drink which is loved in the U.S. Therefore, a direct translation of this clause is "Let&s;s make lemonade when someone hands you a trouble". Namely, even if you face a trouble (lemon), you could try to achieve the fruit (lemonade) out of it. They love this clause. They love a positive attitude to try to convert a trouble into a success. It does not make much sense to lament a bad luck. It&s;s better to challenge against such situation and to try to bring a positive result. They can foresee a lot of difficulties in front of us. Maybe some of them are too big to overcome. But They want to believe in us and to pursue an impossible dream of making lemonade out of lemon.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 8/2015 | Venture Round | 1 | $5.8M |
FIH Mobile FIH Mobile |
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