Liteboxer announced $20 million in Series A funding led by Nimble Ventures, with participation from B. Riley Venture Capital and returning investments from Raptor Group and Will Ventures. Timbaland, a Grammy Award-winning hip-hop artist, also participated in the round. Launched in 2020, the company has raised a total of $28.5 million to date.
Created by Spark Capital Co-founder Todd Dagres and MIT-trained engineer Jeff Morin, Liteboxer’s at-home boxing platform provides high-intensity music-fueled workouts.
Liteboxer workouts are led by well-known trainers and available on-demand through its Liteboxer App. Users can choose from sparring exercises with functional strength training and recovery workouts, including yoga, to complement their training program. Community members can also select Punch Tracks, where music automatically syncs with a workout.
“For all of the innovation in at-home fitness over the years, working out still sucks for most people,” said Morin. “We set out to create a workout experience that’s so immersive, people forget they’re even exercising. Since our launch last year, it’s become clear that this is exactly what Liteboxer does for anyone who tries it. We’re thrilled to partner with Nimble Ventures to continue building on that vision.”
“We set out to create a whole new category of at-home fitness so that working out becomes as fun and engaging as playing a sport,” said Dagres. “The reception we’ve received for Liteboxer has been incredible—customers say that it’s the healthiest addiction they’ve ever had.”
“We are excited to support the world-class team at Liteboxer,” said John Burbank, founder of Nimble Ventures. “The fitness industry needs innovation, and what the Liteboxer team has achieved over the last year is the start of something remarkable.”
Photo courtesy Liteboxer