About Flywheel Sports
Flywheel Sports is a company based in New York (United States) founded in 2009 by David Seldin and Ruth Zukerman was acquired by Kennedy Lewis Investment Management in May 2019.. Flywheel Sports has raised $120.86 million across 3 funding rounds from investors including Kennedy Lewis Investment Management, GEM Investments and L Catterton. The company has 738 employees as of December 31, 2022. Flywheel Sports operates in a competitive market with competitors including CYCLEBAR, Turnstyle Cycle, Pelo, Handle Bar and Rush Cycle, among others.
- Headquarter New York, United States
- Employees 738 as on 31 Dec, 2022
- Founders David Seldin, Ruth Zukerman
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Flywheel Sports, 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
$120.86 M (USD)
in 3 rounds
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Latest Funding Round
$15 M (USD), Debt – Conventional
Feb 14, 2018
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Investors
Kennedy Lewis Investment Management
& 2 more
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Employee Count
738
as on Dec 31, 2022
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Acquired by
Kennedy Lewis Investment Management
(May 13, 2019)
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Funding Insights of Flywheel Sports
Flywheel Sports has successfully raised a total of $120.86M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $15 million completed in February 2018. 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 Debt – Conventional — $15.0M
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First Round
First Round
(15 Apr 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2018 | Amount | Debt – Conventional - Flywheel Sports | Valuation |
investors |
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| Sep, 2016 | Amount | Series C - Flywheel Sports | Valuation |
investors |
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| Apr, 2014 | Amount | Series C - Flywheel Sports | Valuation |
investors |
| 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 Flywheel Sports
Flywheel Sports has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Kennedy Lewis Investment Management, GEM Investments and L Catterton. 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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L Catterton is recognized as a leading consumer-focused private equity group.
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Founded Year | Domain | Location | |
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GEM Investments is engaged in long-term investment management for clients.
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Founded Year | Domain | Location | |
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Diversified investment management services are offered across asset classes.
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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 Flywheel Sports
| 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 - Flywheel Sports
| 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 |
Flywheel Sports Comparisons
Competitors of Flywheel Sports
Flywheel Sports 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 CYCLEBAR, Turnstyle Cycle, Pelo, Handle Bar and Rush Cycle, 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 |
Indoor cycling studios are operated as a nationwide chain.
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| domain | founded_year | HQ Location |
Fitness studio for indoor cycling
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| domain | founded_year | HQ Location |
Chain of fitness centers
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| domain | founded_year | HQ Location |
Chain of cycling-focused fitness centers is operated nationwide.
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| domain | founded_year | HQ Location |
Operates a chain of fitness centers offering high-quality workout and wellness programs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Flywheel Sports
Frequently Asked Questions about Flywheel Sports
When was Flywheel Sports founded?
Flywheel Sports was founded in 2009 and raised its 1st funding round 5 years after it was founded.
Where is Flywheel Sports located?
Flywheel Sports is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Flywheel Sports a funded company?
Flywheel Sports is a funded company, having raised a total of $120.86M across 3 funding rounds to date. The company's 1st funding round was a Series C of $108.78M, raised on Apr 15, 2014.
How many employees does Flywheel Sports have?
As of Dec 31, 2022, the latest employee count at Flywheel Sports is 738.
What does Flywheel Sports do?
Flywheel Sports was established in 2009 in New York, United States, by co-founders David Seldin and Ruth Zukerman. Indoor cycling studios are maintained as a chain, with structured ride sessions provided for fitness purposes. Operations are centered in the health and wellness sector, emphasizing group cycling classes. Locations are primarily situated in urban areas across the country, supporting community-based exercise programs.
Who are the top competitors of Flywheel Sports?
Flywheel Sports's top competitors include CYCLEBAR, Turnstyle Cycle and Pelo.
Who are Flywheel Sports's investors?
Flywheel Sports has 3 investors. Key investors include Kennedy Lewis Investment Management, GEM Investments, and L Catterton.