About Fastic
Fastic is a company based in Berlin (Germany) founded in 2019 by Sebastian Wettcke and Phillip Wayman.. Fastic has raised $5 million across 1 funding round from investors including Rolf Schrömgens, Jan Beckers and Lawrence Leuschner. Fastic offers products and services including Fastic App, NutriChatBot, Food Scanner, and AI Driven Diagnostics. Fastic operates in a competitive market with competitors including Fasti App, BodyFast, Fastpal, Women Who Fast and Apme, among others.
- Headquarter Berlin, Germany
- Founders Sebastian Wettcke, Phillip Wayman
-
Sectors
Healthcare
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Fastic Gmbh
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$5 M (USD)
in 1 rounds
-
Latest Funding Round
$5 M (USD), Seed
Oct 07, 2020
-
Investors
& 3 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Fastic
Fastic offers a comprehensive portfolio of products and services, including Fastic App, NutriChatBot, Food Scanner, and AI Driven Diagnostics. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for tracking fasts and managing weight loss effectively
Chatbot providing expert answers on nutrition and meal planning
AI tool for scanning and analyzing food nutritional content
Feature for real-time insights on health and progress
Unlock access to complete
Unlock access to complete
Funding Insights of Fastic
Fastic has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Seed round of $5 million completed in October 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $5.0M
-
First Round
First Round
(07 Oct 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Seed - Fastic | Valuation | Rolf Schrömgens , Jan Beckers |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fastic
Fastic has secured backing from 4 investors, including angel investors. Prominent investors backing the company include Rolf Schrömgens, Jan Beckers and Lawrence Leuschner. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
RS
Rolf Schrömgens |
-
|
Founded Year | Domain | Location |
|
JB
Jan Beckers |
German angel investor in India, founder of BIT Capital, tech-focused
|
Founded Year | Domain | Location |
|
LL
Lawrence Leuschner |
Co-founder of TIER Mobility, active angel investor in mobility and sustainability.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Fastic
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Fastic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fastic Comparisons
Competitors of Fastic
Fastic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fasti App, BodyFast, Fastpal, Women Who Fast and Apme, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Intermittent fasting app for natural weight loss and health improvement tracking.
|
|
| domain | founded_year | HQ Location |
Intermittent fasting app for weight loss, personalized plans, and health tracking tools.
|
|
| domain | founded_year | HQ Location |
App for tracking intermittent fasting with timers and progress stats.
|
|
| domain | founded_year | HQ Location |
Offers a comprehensive intermittent fasting app designed specifically for women.
|
|
| domain | founded_year | HQ Location |
An application for intermittent fasting and dieting management is offered.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Fastic
When was Fastic founded?
Fastic was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Fastic located?
Fastic is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Who is the current CEO of Fastic?
Phillip Wayman is the current CEO of Fastic. They have also founded this company.
Is Fastic a funded company?
Fastic is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Seed of $5M, raised on Oct 07, 2020.
What does Fastic do?
Fastic was founded in 2019 in Berlin, Germany, and operates in the health and fitness sector. A mobile app is provided by the company to support users in intermittent fasting. Fasting stages are tracked, daily challenges are offered, community interactions are facilitated, expert advice is delivered, and food recommendations are given to aid in reaching health and fitness targets.
Who are the top competitors of Fastic?
What products or services does Fastic offer?
Fastic offers Fastic App, NutriChatBot, Food Scanner, and AI Driven Diagnostics.
Who are Fastic's investors?
Fastic has 4 investors. Key investors include Rolf Schrömgens, Jan Beckers, Lawrence Leuschner, and Benjamin Bak.