OxeFit announces it has successfully closed an oversubscribed A round led by Lydia Partners with additional investors including Dallas Cowboys’ Dak Prescott and orthopedics surgeon Dr. James R. Andrews. OxeFit brings advanced robotics and artificial intelligence to strength training.
“There is tremendous untapped potential in leveraging technology to make strength training an easy and critical part of our daily health and fitness, whether optimizing an elite athlete’s performance, recovering from an injury, or advancing your personal wellness journey,” said Co-founder, CEO and Chairman of the Board Mohammed “Rab” Shanableh. “Having the support of investors who understand and can live out our mission is important to us and our commitment to providing a holistic, smarter experience to achieve wellness.”
Headquartered in Plano, TX, the company secured investments in its Series A funding. In addition to Prescott and Dr. Andrews of the Andrews Institute for Orthopaedics & Sport Medicine, investors include Dallas Cowboys’ Blake Jarwin and Jason Witten, NFL wide receiver Dez Bryant, and Super Bowl Champion Demaryius Thomas.
“I have dedicated my entire career to helping athletes perform before and after injuries, and I believe that OxeFit will revolutionize how we interact with our patients outside of the four walls of our clinic,” said Andrews. “This state-of-the-art performance training system is customized to their needs, furthering the development of current and future generations of world-class athletes.”
Targeting elite athletes and consumers from their homes, fitness clubs and rehab centers, OxeFit products leverage insights from its co-founder and chief technology officer, Dr. Peter Neuhaus, a robotics engineer in powered exoskeletons.
“As a professional athlete currently rehabbing from a significant injury, I see the unbelievable opportunity OxeFit affords athletes and their physicians and trainers to cater activities to their specific needs,” said Prescott. “Our bodies are our livelihood, and we must do everything we can to stay on the field and perform at the highest level. I believe OxeFit will change how athletes build strength and rehab from injuries, and I am excited to be a part of it.”
OxeFit is set to launch its fitness equipment – the XP1 and XS1 – with a connected content ecosystem, OxeLife, this year.
Photo courtesy OxeFit
