About Litesport
Litesport is a Healthcare company based in Hampton (United States) founded in 2016 by Jeffrey Morin and Todd Dagres. VR fitness programs with real trainers are delivered via platform. It operates in the Healthcare and Consumer sectors. Litesport has raised $43.94 million across 4 funding rounds from investors including B. Riley Financial, Nimble and Raptor Group. Its chief executive, as recorded, is Jeffrey Morin. Its website litesport.com draws about 21 thousand monthly visits. Litesport offers products and services including Litesport App, Strength Workouts, Total Body Workouts, and Boxing Workouts. Its focus areas include HealthTech, Fitness & Wellness Tech, Physical Fitness and Smart Exercising Equipment. Its competitors include VirZOOM, Gym Class and Supernatural; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Hampton, United States
- Founders Jeffrey Morin, Todd Dagres
- SectorsHealthcareConsumer
- Email••••••••
- Website litesport.com
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$43.94M (USD)
in 4 rounds
- Latest Funding Round$16.94M (USD), Series A
Mar 2023
- InvestorsB. Riley Financial
& 4 more
Products & Services of Litesport
Litesport offers a comprehensive portfolio of products and services, including Litesport App, Strength Workouts, Total Body Workouts, and Boxing Workouts.
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 $43.94M
- Total Rounds 4
- Last Round Series A — $16.94M
- First Round $4M
(Aug 2020)
- Investors Count 5
All 4 funding rounds of Litesport with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2023 | $16.94M | Series A | – | – | – |
| Jun 2021 | $20M | Series A | – | Nimble Ventures | |
| Feb 2021 | $3M | Series A | – | – | – |
| Aug 2020 | $4M | Series A | – | – | – |
5 investors in total: 4 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made by Nimble Ventures family office. | nimble.vc | San Francisco, United States | ||
Investment and strategic support are provided by Raptor Group. | raptorgroup.com | Boston, United States | ||
Early-stage venture capital is provided by Will Ventures. | willventures.com | |||
Mergers, acquisitions, capital raising, and strategic advisory services are provided. | 1997 | brileyfin.com | Los Angeles, United States | |
T Timbaland | unknown_e04ab8e1ee5940e6a |
Investor details for Litesport
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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People of Litesport
2 people are tracked at Litesport (2 in leadership).
| Name | Role | Group |
|---|---|---|
Jeffrey Morin | Co-Founder & CEO | Leadership |
Todd Dagres | Co-Founder | Leadership |
Complete people profiles for Litesport
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- Team structure
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Timeline of Litesport
3 dated milestones of Litesport across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Litesport is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series A, of $16.9M.
Competitors of Litesport
Litesport has 3 listed competitors in our database, 2 of them funded. They include VirZOOM, Gym Class and Supernatural.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| virzoom.com | 2015 | Boston, United States | $11.17M | 7 | VR-based fitness equipment is offered via immersive headsets and accessories. | |
| gymclassvr.com | 2021 | Los Angeles, United States | $8M | A VR platform is developed for workouts with friends. | ||
| getsupernatural.com | 2018 | Los Angeles, United States | 7 | A VR fitness application is provided for Meta Quest. |
Detailed competitors of Litesport
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Litesport
The website of Litesport (litesport.com) receives about 21K visits a month.
- Monthly visits21K
▲ 21.3% vs previous month
Websites whose visitors overlap most with Litesport. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
nolamma.com | nolamma.com | 100% | #5,141,205 | – |
Top companies in Fitness & Wellness Platforms
3 companies that operate in the same segment as Litesport (Fitness & Wellness Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Smart fitness equipment and streaming platforms are provided. | 2011 | New York, New York, United States | USD 995.53 M | USD 2.45 B | 2,894 | |
Fitness class memberships are offered across various gyms and studios. | 2013 | New York, New York, United States | USD 550 M | 969 | ||
Subscription-based social networking platform for runners and cyclists | 2009 | San Francisco, California, United States | USD 180 M | 999 |
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Related news about Litesport
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Frequently Asked Questions about Litesport
Litesport was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Litesport is headquartered in Hampton, United States. It is registered at Hampton, Virginia, United States.
Jeffrey Morin is the CEO of Litesport, as recorded in our data. They have also founded this 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 $4M, raised on Aug 2020.
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.
Litesport's top competitors include VirZOOM, Supernatural and Gym Class.
Litesport offers Litesport App, Strength Workouts, Total Body Workouts, and Boxing Workouts.
Litesport has 5 investors. Key investors include B. Riley Financial, Nimble, Raptor Group, Will Ventures, and Timbaland.