About FORME
FORME is a company based in Los Angeles (United States) founded in 2020 by Trent Ward. It operates as a Subscription Services, and Direct-to-Consumer (D2C). FORME has raised $108.51 million across 2 funding rounds. The company has 26 employees as of December 31, 2024. FORME has completed 1 acquisition, including CLMBR. FORME offers products and services including FORME Studio, FORME App, and Golf Fitness Training. FORME operates in a competitive market with competitors including Peloton, Tonal, Tempo, Lululemon Studio and Vitruvian, among others.
- Headquarter Los Angeles, United States
- Employees 26 as on 31 Dec, 2024
- Founders Trent Ward
- Stage Public
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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 Interactive Strength Inc.
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Annual Revenue
$5.38 M459.25as on Dec 31, 2024
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Net Profit
$-34.93 M32as on Dec 31, 2024
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EBITDA
$-21.96 M54.21as on Dec 31, 2024
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Total Equity Funding
$108.51 M (USD)
in 2 rounds
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Latest Funding Round
$38.66 M (USD), Series C
Aug 29, 2022
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Investors
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Employee Count
26
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of FORME
FORME is a publicly listed company on the NASDAQ with ticker symbol TRNR in USA, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of FORME
FORME offers a comprehensive portfolio of products and services, including FORME Studio, FORME App, and Golf Fitness Training. 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.
Smart fitness mirror for personalized training sessions.
Mobile app for on-demand fitness classes.
Customized golf fitness programs with certified trainers.
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Funding Insights of FORME
FORME has successfully raised a total of $108.51M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $38.66 million completed in August 2022. 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 2
- Last Round Series C — $38.7M
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First Round
First Round
(23 Jul 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series C - FORME | Valuation |
investors |
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| Jul, 2021 | Amount | Series C - FORME | Valuation |
investors |
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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 |
Investments & Acquisitions by FORME
FORME has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CLMBR. 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.
|
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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Manufacturer of fitness equipment
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2019 |
| 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 - FORME
| 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 |
Forme Comparisons
Competitors of FORME
FORME 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, Tonal, Tempo, Lululemon Studio and Vitruvian, 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 |
AI-based full-body motion analysis and strength training system is offered.
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| domain | founded_year | HQ Location |
Jira-integrated software for resource management and time tracking is developed.
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| domain | founded_year | HQ Location |
Online fitness classes are offered via membership access.
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| domain | founded_year | HQ Location |
Smart resistance training equipment and app are provided by Vitruvian.
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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 Forme
Frequently Asked Questions about FORME
When was FORME founded?
FORME was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is FORME located?
FORME is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of FORME?
Trent Ward is the current CEO of FORME. They have also founded this company.
Is FORME a funded company?
FORME is a funded company, having raised a total of $108.51M across 2 funding rounds to date. The company's 1st funding round was a Series C of $69.85M, raised on Jul 23, 2021.
How many employees does FORME have?
As of Dec 31, 2024, the latest employee count at FORME is 26.
What is the annual revenue of FORME?
Annual revenue of FORME is $5.38M as on Dec 31, 2024.
What does FORME do?
FORME is involved in delivering innovative fitness solutions through smart equipment like the FORME Studio mirror and a dedicated mobile app. Personalized training sessions are offered with certified trainers focusing on various fitness areas including golf fitness, mobility, strength training, and more. Services are provided via subscription plans, ensuring access to live one-on-one sessions, custom workout plans, and on-demand classes. The company targets individual consumers seeking convenient and tailored fitness experiences.
What products or services does FORME offer?
FORME offers FORME Studio, FORME App, and Golf Fitness Training.
Is FORME publicly traded?
Yes, FORME is publicly traded on NASDAQ under the ticker symbol TRNR.
How many acquisitions has FORME made?
FORME has made 1 acquisition, including CLMBR.
What is FORME's ticker symbol?
The ticker symbol of FORME is TRNR on NASDAQ.