FightCamp will use the funding to expand internationally. Here are the top-line bullets you need to know.
FightCamp, an interactive at-home kickboxing training system, had raised $90M in a Series B that drew participation from NEA and Connect Ventures.
HOW’S THE COMPANY PERFORMING?
- California-based FightCamp offers an at-home boxing system, including boxing gloves with smart sensors that track punch count and speed as well as subscription-based training videos.
- The company’s new mode, Versus, allows users to virtually compete with others on the leaderboard.
- FIghtCamp offers over 1,000 classes, drills, and training sessions.
- The company’s members have thrown over 1B punches to date and FightCamp has seen a 30x increase in sales in the last 2 years.
WHY DOES THE MARKET MATTER?
- The global online fitness market is projected to grow at a CAGR of 30% and reach a value of $30B, as per Global Market Insights.
- The growing trend of connected fitness equipment that tracks health parameters and the pandemic giving a boost to at-home workouts have contributed to industry growth.