About Ergatta
Ergatta is a company based in Brooklyn (United States) founded in 2017 by Prasanna Swaminathan and Tom Aulet.. Ergatta has raised $35 million across 3 funding rounds from investors including Fifth Wall, Techstars and Advance Venture Partners. The company has 28 employees as of December 31, 2024. Ergatta offers products and services including Ergatta Rower, Ergatta Lite, and Accessories and Apparel. Ergatta operates in a competitive market with competitors including Hydrow, Reform RX, Aviron, Rowvigor and EXR, among others.
- Headquarter Brooklyn, United States
- Employees 28 as on 31 Dec, 2024
- Founders Prasanna Swaminathan, Tom Aulet
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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
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- Legal Name Ergatta, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$35 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Series A
Apr 28, 2021
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Investors
Fifth Wall
& 15 more
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Employee Count
28
as on Dec 31, 2024
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Products & Services of Ergatta
Ergatta offers a comprehensive portfolio of products and services, including Ergatta Rower, Ergatta Lite, and Accessories and Apparel. 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.
Premium rowing machine with interactive games and personalized workouts
Compact rowing machine for small spaces with gamified features
Complementary items for enhanced rowing experiences
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Funding Insights of Ergatta
Ergatta has successfully raised a total of $35M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $30 million completed in April 2021. 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 Series A — $30.0M
- First Round First Round
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series A - Ergatta | Valuation | Advance Venture Partners | |
| Jul, 2020 | Amount | Series A - Ergatta | Valuation | Greycroft | |
| Jun, 2019 | Amount | Seed - Ergatta | Valuation | Techstars |
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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 Ergatta
Ergatta has secured backing from 16 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Fifth Wall, Techstars and Advance Venture 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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PE firm focused on software, media & commerce based sectors
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Founded Year | Domain | Location | |
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Multiple sectors are targeted for venture capital investments by Greycroft.
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups by Fifth Wall.
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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 Ergatta
| 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 |
Financial Statements - Ergatta
| 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 |
Ergatta Comparisons
Competitors of Ergatta
Ergatta 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 Hydrow, Reform RX, Aviron, Rowvigor and EXR, 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 |
Rowing equipment for in-home workouts is provided to individuals.
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| domain | founded_year | HQ Location |
Pilates reformer machines for fitness exercises are provided commercially.
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| domain | founded_year | HQ Location |
Manufacturer of fitness rowing machines
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| domain | founded_year | HQ Location |
Offers hardware and software solutions for exercise and workout tracking.
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| domain | founded_year | HQ Location |
Virtual fitness training programs with smart rowing equipment are offered.
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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 Ergatta
Frequently Asked Questions about Ergatta
When was Ergatta founded?
Ergatta was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Ergatta located?
Ergatta is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Who is the current CEO of Ergatta?
Tom Aulet is the current CEO of Ergatta. They have also founded this company.
Is Ergatta a funded company?
Ergatta is a funded company, having raised a total of $35M across 3 funding rounds to date.
How many employees does Ergatta have?
As of Dec 31, 2024, the latest employee count at Ergatta is 28.
What does Ergatta do?
Ergatta was founded in 2017 in Brooklyn, United States, within the fitness technology sector. Smart indoor rowing machines are offered to users, allowing connections for group competitions through gamified experiences. Workout programming and real-time feedback are delivered via the devices. Operations focus on enhancing cardiovascular performance and full-body strength training for individual and collective sessions.
Who are the top competitors of Ergatta?
What products or services does Ergatta offer?
Ergatta offers Ergatta Rower, Ergatta Lite, and Accessories and Apparel.
Who are Ergatta's investors?
Ergatta has 16 investors. Key investors include Fifth Wall, Techstars, Advance Venture Partners, Greycroft, and Gaingels.