New York, NY – Connected-home fitness company freebeat acquired its Series B seed funding in Q2 2022. BlueRun Ventures, a California-based venture capital firm, has backed freebeat after its promising first year. freebeat has now raised over $30 million in total strategic funding from GSR Ventures, SIG China Fund, a subsidiary of SIG Asia Investment, LLLP, BlueRun Ventures and several others.
freebeat, with offices across America and Asia, competes with the best home cycling platforms with its interactive and immersive cardio classes. Their standout feature is known as “gamified” classes – classes that users score based on how well their cadence (pedal spins) match the teacher and the song’s beat. Rather than just offering fitness-oriented cardio classes, freebeat is expanding the scope of possibilities by offering fun and exciting video game-style cardio classes. Their on-demand course library includes thousands of courses – each with a different style, difficulty level and duration, and taught by highly experienced instructors drawn from the best cycling studios in the world. In addition, freebeat offers its bikes significantly cheaper than its competitors while guaranteeing professional training equipment of the highest quality.
freebeat has sold its exercise bikes in over 40 US states and has built a strong and vibrant fitness community since launching a year ago. With over 100,000 followers on Instagram and a dominant presence on YouTube, Facebook, Pinterest and other social media platforms, the Freebeat community is growing rapidly and receiving plenty of positive feedback.
It is said that the additional funds and everything that is going on at this point would be invested in scaling production and distribution worldwide, as well as conducting deeper research and development. Strongly driven by the technology behind its fitness equipment, freebeat consistently develops and modifies its software to be as accurate and bug-free as possible. The seed funding will also support the improvement of freebeat’s artificial intelligence generated content (AIGC) machine learning algorithm and game productionization.
Name of the company: freebeat
Interlocutor: Vera Zhuang
E-mail: Send e-mail
Country: United States