Maple Leaf Angels’ MLA48 backs online fitness network Oneset

MLA48, a fund launched in 2014 by Canadian angel organization Maple Leaf Angels, recently invested in Oneset, an online fitness community that connects trainers, athletes and enthusiasts. The terms of the financing were not disclosed. Founded last year by University of Waterloo alumni Amad Abdullah, George Xu, Moez Bhatti and Omas Abdullah, Oneset recently graduated from the FounderFuel accelerator program in Montréal and is now located at Waterloo’s Velocity Garage. The investment by MLA48 is the fund’s fourth to date.

PRESS RELEASE

MLA48 Angel Investment Fund Completes Fourth Investment

February 18, 2016

MLA48 invests in Waterloo-based fitness platform Oneset

Toronto, ON – MLA48, Canada’s first angel investment fund that is committed to providing a 48-hour turnaround on investment decisions, announced its fourth investment in Oneset. The Oneset platform is a multi-dimensional networking tool for all categories of trainers, athletes, and fitness enthusiasts. Oneset provides exclusive content and a platform to connect members with renowned fitness personalities.

Oneset was founded in 2015 by University of Waterloo Alumni Amad Abdullah, George Xu, Moez Bhatti and Omas Abdullah. The Oneset team recently graduated from the FounderFuel accelerator program in Montreal and now call Waterloo’s Velocity Garage home.

“It’s been a great experience working with the MLA48 team,” said Amad Abdullah, CEO of Oneset. “The financing process was transparent, smooth, and expeditious.”

“We are extremely pleased to add Onset to our portfolio,” commented Brandon Corman, Managing Director of MLA48. “Amad and his team are passionate, driven and talented entrepreneurs. The platform’s rapid user growth and high member retention since launching four months ago clearly indicates that Oneset is addressing an unmet need within the fitness market.”

About MLA48

Established in 2014, Maple Leaf Angels 48 Fund I Limited Partnership (MLA48) is a limited partnership designed to foster innovation in Ontario by accelerating funding timelines for Ontario’s brightest entrepreneurs while providing diversification for accredited investors. The limited partners are MLA members who wanted to invest collectively and the general partner is Maple Leaf Angels Capital Corporation, a subsidiary of Maple Leaf Angels Corporation.

For more information please visit mapleleafangels.com/mla48fund and follow us on Twitter at @MLA48LP.

About Maple Leaf Angels

Established in 2007, Maple Leaf Angels (MLA) is a not-for-profit membership organization. Our mandate is to connect accredited investors and the brightest, most passionate entrepreneurs in a streamlined process within the larger entrepreneurial eco-system.

For more information please visit www.mapleleafangels.com and follow us on Twitter at @mapleleafangels.

About Oneset

Founded in 2015 by University of Waterloo alumni, Oneset is an online fitness community to connect trainers, athletes, and enthusiasts. What started out as a platform to connect fit moms, has turned into a multi-dimensional networking tool for all categories of fitness. Through partnerships with industry experts, Oneset provides exclusive content and a platform to connect with renowned fitness personalities. The team recently graduated from the FounderFuel accelerator program in Montreal.

To learn more about Oneset please visit https://www.oneset.co, follow them on twitter @onesetapp, or download the app!

For More Information

To learn more about Maple Leaf Angels, MLA48, or Oneset please contact:

Brandon Corman, Managing Director, Maple Leaf Angels: (416) 646-6235; brandon@mapleleafangels.com

Amad Abdullah, Co-Founder & CEO, Oneset: (519) 221-2623; amad@oneset.co

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