About Freebeatfit
Freebeatfit is a company based in Atlanta (United States) founded in 2018 by Henry Fan and Bruce Chen.. Freebeatfit has raised $20 million across 2 funding rounds from investors including Lanchi Venture Capital, GSR Ventures and SIG China. Freebeatfit offers products and services including Stationary Bikes and Fitness Classes.
- Headquarter Atlanta, United States
- Founders Henry Fan, Bruce Chen
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Stochastic Technology Llc; Random Walk Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Lanchi Venture Capital
& 2 more
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Employee Count
Employee Count
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Products & Services of Freebeatfit
Freebeatfit offers a comprehensive portfolio of products and services, including Stationary Bikes and Fitness Classes. 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.
Stationary bikes are provided by freebeat for indoor cycling and full-body workouts, featuring gamified technologies and smart features.
On-demand fitness classes are offered by freebeat through apps and partnerships, including Les Mills programs and virtual events.
Funding Insights of Freebeatfit
Freebeatfit has successfully raised a total of $20M across 2 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 2
- Last Round Last Round
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First Round
First Round
(26 Aug 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series B - Freebeatfit | Valuation | Lanchi Venture Capital |
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| Aug, 2021 | Amount | Series B - Freebeatfit | 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 Freebeatfit
Freebeatfit has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Lanchi Venture Capital, GSR Ventures and SIG China. 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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Venture capital fund investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Tech companies in China are invested in by SIG China.
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Founded Year | Domain | Location | |
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Investments in early-stage technology companies are made by GSR Ventures.
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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 Freebeatfit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Freebeatfit
| 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 |
Freebeatfit Comparisons
Competitors of Freebeatfit
| 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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Frequently Asked Questions about Freebeatfit
When was Freebeatfit founded?
Freebeatfit was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Freebeatfit located?
Freebeatfit is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Freebeatfit?
Bruce Chen is the current CEO of Freebeatfit. They have also founded this company.
Is Freebeatfit a funded company?
Freebeatfit is a funded company, having raised a total of $20M across 2 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Aug 26, 2021.
What does Freebeatfit do?
Freebeatfit was established in 2018 in Atlanta, United States, as a manufacturer in the fitness equipment sector. Operations are centered on producing and distributing fitness gear, with leadership provided by co-founders Bruce Chen as CEO and Henry Fan as COO. The companys domain, freebeatfit.com, supports its activities in the health and wellness industry across the region.
What products or services does Freebeatfit offer?
Freebeatfit offers Stationary Bikes and Fitness Classes.
Who are Freebeatfit's investors?
Freebeatfit has 3 investors. Key investors include Lanchi Venture Capital, GSR Ventures, and SIG China.