Key info
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Focus area
Impact venture -
Asset class
Venture capital -
Region
UK wide -
Investment amount
£200,000
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Challenge
Regular exercise can improve the quality of life of older adults, yet it remains an unmet need for many of the 400,000 older people that live in care homes across the UK.
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Approach
Oomph! provides care home staff with the skills, training and props they need to deliver group-based exercises including chair cheerleading and sitting aerobics.
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Revenue model
Oomph! used a capital investment to scale up its activity in return for a stake in the company. The capital will be repaid through income from training services paid for by care homes.
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Impact
Oomph! exercise classes improve participants’ mobility, mental stimulation and encourage greater social interaction.
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