The Englewood-based aerospace company said previous investors wanted to put up more cash before the company’s next formal fundraising round.
The companies, two of five e-scooters companies authorized to operate in Denver, pulled out in March.
The site, which launches May 1, attempts to match patients with mental health needs with compatible providers.
Denver-based Yaguara is one of 44 startups in Colorado that collectively raised $207.9 million in March.
The hotel operator is based in San Francisco, but has had a customer service hub in the Denver area.
The startup announced last August that it had raised funds at a $1 billion valuation.
The stay-at-home order is “allowing us to see the potential outside of our brick and mortar gym,” said Emily Schromm, Platform Strength owner.
The company plans to expand its product line. Co-founder Jaclyn Fu lives in Denver and landed on Forbes’ “30 under 30” last year.
“This really just reinforces the need for a model of care delivery that is comfortable for patients and safe,” the company’s Colorado marketing director said.
“What’s new in fitness is the new treadmill, elliptical or bike,” said Avrum Elmakis. “This is massively destructive in a niche market that’s starving for innovation.”