About Litesport
Litesport is a company based in Hampton (United States) founded in 2016 by Jeffrey Morin and Todd Dagres.. Litesport has raised $43.94 million across 4 funding rounds from investors including B. Riley Financial, Nimble and Raptor Group. Litesport offers products and services including Litesport App, Strength Workouts, Total Body Workouts, and Boxing Workouts. Litesport operates in a competitive market with competitors including VirZOOM, Gym Class, Supernatural, Blue Goji and FXGETACTIVE, among others.
- Headquarter Hampton, United States
- Founders Jeffrey Morin, Todd Dagres
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Sectors
HealthcareConsumer
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$43.94 M (USD)
in 4 rounds
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Latest Funding Round
$16.94 M (USD), Series A
Mar 07, 2023
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Investors
B. Riley Financial
& 4 more
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Employee Count
Employee Count
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Products & Services of Litesport
Litesport offers a comprehensive portfolio of products and services, including Litesport App, Strength Workouts, Total Body Workouts, and Boxing Workouts. 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.
Virtual app for interactive strength and boxing workouts.
Dumbbell-based exercises guided by certified trainers.
Dynamic bootcamp-style routines for full-body engagement.
Beat-based punching exercises to build muscle and agility.
Funding Insights of Litesport
Litesport has successfully raised a total of $43.94M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $16.94 million completed in March 2023. 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 4
- Last Round Series A — $16.9M
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First Round
First Round
(24 Aug 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series A - Litesport | Valuation |
investors |
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| Jun, 2021 | Amount | Series A - Litesport | Valuation | Nimble Ventures | |
| Feb, 2021 | Amount | Series A - Litesport | 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 |
Investors in Litesport
Litesport has secured backing from 5 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include B. Riley Financial, Nimble and Raptor Group. 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 investments are made by Nimble Ventures family office.
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Founded Year | Domain | Location | |
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Investment and strategic support are provided by Raptor Group.
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided by Will 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 Litesport
| 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 - Litesport
| 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 |
Litesport Comparisons
Competitors of Litesport
Litesport 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 VirZOOM, Gym Class, Supernatural, Blue Goji and FXGETACTIVE, 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 |
VR-based fitness equipment is offered via immersive headsets and accessories.
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| domain | founded_year | HQ Location |
A VR platform is developed for workouts with friends.
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| domain | founded_year | HQ Location |
A VR fitness application is provided for Meta Quest.
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| domain | founded_year | HQ Location |
Provides interactive exercise bikes with gaming software for cardio and brain health.
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| domain | founded_year | HQ Location |
Gamified fitness platform is provided for individuals and employees.
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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 Litesport
Frequently Asked Questions about Litesport
When was Litesport founded?
Litesport was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Litesport located?
Litesport is headquartered in Hampton, United States. It is registered at Hampton, Virginia, United States.
Who is the current CEO of Litesport?
Jeffrey Morin is the current CEO of Litesport. They have also founded this company.
Is Litesport a funded company?
Litesport is a funded company, having raised a total of $43.94M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Aug 24, 2020.
What does Litesport do?
Litesport was founded in 2016 and is headquartered in Hampton, United States. A virtual reality platform is operated in the fitness technology sector, providing access to training programs led by real instructors. Workouts such as boxing, total body conditioning, and strength exercises are included, enabling at-home fitness sessions for users.
Who are the top competitors of Litesport?
Litesport's top competitors include VirZOOM, Supernatural and Gym Class.
What products or services does Litesport offer?
Litesport offers Litesport App, Strength Workouts, Total Body Workouts, and Boxing Workouts.
Who are Litesport's investors?
Litesport has 5 investors. Key investors include B. Riley Financial, Nimble, Raptor Group, Will Ventures, and Timbaland.