Investment Summary

The Parkwalk-managed University of  Oxford Innovation Fund I invested in Bounts in May 2015. In February 2018 we sold our holding at a loss for investors.
Bounts, a University of Oxford Innovation Startup Incubator spin-out, have developed a mobile health and exercise wearable app that uses industry standard secure protocols to allow members to collect all their exercise data in one place. Members can choose to connect their preferred exercise apps like Fitbit, Garmin or Strava to their Bounts account to earn points and credits.

Bounts is an agnostic platform and keeps up with consumer preferences and trends including other aggregators of exercise data like Apple Health Kit and Google Fit. Bounts has been built for scale using scale-able hosting infrastructure.

Members can save their points to redeem for cash vouchers from brands and high street retailers such as Waitrose, Sainsburys, Next or iTunes.