About Echelon
Echelon is a company based in Chattanooga (United States) founded in 2017 by Lou Lentine. It operates as a Direct-to-Consumer (D2C), and Subscription Services. Echelon has raised $65 million across 3 funding rounds from investors including Goldman Sachs, United Talent Agency and North Castle Partners. Echelon has completed 1 acquisition, including ThriveX. Echelon offers products and services including Echelon Connect Bikes, Echelon Stride Treadmills, Echelon Premier Membership, and Echelon Rowers. Echelon operates in a competitive market with competitors including Peloton, Wahoo Fitness, Technogym, Volava and Schwinn Fitness, among others.
- Headquarter Chattanooga, United States
- Founders Lou Lentine
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Echelon Fit Us
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$65 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Goldman Sachs
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Echelon
Echelon offers a comprehensive portfolio of products and services, including Echelon Connect Bikes, Echelon Stride Treadmills, Echelon Premier Membership, and Echelon Rowers. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Connected bikes are offered for home fitness workouts.
Treadmills are provided for compact home exercise solutions.
Membership is offered for live and on-demand classes.
Rowing machines are designed for full-body home workouts.
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Funding Insights of Echelon
Echelon has successfully raised a total of $65M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series A - Echelon | Valuation | Goldman Sachs , United Talent Agency | |
| Dec, 2020 | Amount | Series A - Echelon | Valuation | Goldman Sachs | |
| Jul, 2019 | Amount | Seed - Echelon | Valuation | North Castle Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Echelon
Echelon has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, United Talent Agency and North Castle Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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US private equity investments are managed by North Castle Partners.
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Founded Year | Domain | Location | |
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Talent and literacy agency for artists
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Echelon
Echelon has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ThriveX. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Recovery equipment and contrast therapy are provided for wellness.
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2023 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Echelon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Echelon Comparisons
Competitors of Echelon
Echelon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Peloton, Wahoo Fitness, Technogym, Volava and Schwinn Fitness, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Smart fitness equipment and streaming platforms are provided.
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| domain | founded_year | HQ Location |
Fitness equipment is offered via an online platform.
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| domain | founded_year | HQ Location |
Provider of cloud-based smart gym equipment and software
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| domain | founded_year | HQ Location |
Indoor training cycles are provided via a connected fitness platform.
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| domain | founded_year | HQ Location |
Smart cycling bikes and connected apps are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Echelon
Frequently Asked Questions about Echelon
When was Echelon founded?
Echelon was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Echelon located?
Echelon is headquartered in Chattanooga, United States. It is registered at Chattanooga, Tennessee, United States.
Who is the current CEO of Echelon?
Lou Lentine is the current CEO of Echelon. They have also founded this company.
Is Echelon a funded company?
Echelon is a funded company, having raised a total of $65M across 3 funding rounds to date.
What does Echelon do?
A range of home fitness equipment including treadmills, bikes, rowers, and ellipticals is offered by Echelon. Subscription-based membership plans with live and on-demand classes are also provided. Solutions cater to various fitness levels across the consumer fitness sector. AI-driven workout plans and community engagement are integrated into offerings. Equipment and services are designed for home use with a focus on quality and affordability.
Who are the top competitors of Echelon?
Echelon's top competitors include Peloton, Wahoo Fitness and Technogym.
What products or services does Echelon offer?
Echelon offers Echelon Connect Bikes, Echelon Stride Treadmills, Echelon Premier Membership, and Echelon Rowers.
How many acquisitions has Echelon made?
Echelon has made 1 acquisition, including ThriveX.
Who are Echelon's investors?
Echelon has 3 investors. Key investors include Goldman Sachs, United Talent Agency, and North Castle Partners.
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