Health and wellness apps makers Palta has raised $100 million in a Series B. The investment will be used to build and grow more products. In their portfolio there are products such as Flo.Health, Simple Fasting, Zing Fitness Coach and others.
Palta’s products are used by millions of people around the world and they have 2.4 million active paid users.
“Five years ago, we started Palta from Cyprus and we are grateful that we have built great teams behind our products. With the current investment we are determined to build more meaningful products for our users” – Alexey Gubarev, co-founder of Palta
Palta is a member of Techisland, a non-profit organization with the mission to promote and accelerate the growth of the technology ecosystem in Cyprus. We are grateful to have the presence of such great companies in Cyprus.