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
Not available
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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
Not available
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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.
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.
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.
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Venture capital investments are made by Nimble Ventures family office.
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Investment and strategic support are provided by Raptor Group.
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Early-stage venture capital is provided by Will Ventures.
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Investor details for Litesport
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Investments & Acquisitions by Litesport
Investment portfolio details for Litesport
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Financial Statements - Litesport
Detailed financials for Litesport
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Litesport Comparisons
Peer comparison for Litesport
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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.
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VR-based fitness equipment is offered via immersive headsets and accessories.
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A VR platform is developed for workouts with friends.
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A VR fitness application is provided for Meta Quest.
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Provides interactive exercise bikes with gaming software for cardio and brain health.
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Gamified fitness platform is provided for individuals and employees.
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Detailed competitors of Litesport
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Latest news on Litesport
Complete news archive for 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 current CEO of Litesport. They have also founded this company.
Litesport is a funded company, having raised a total of $43.94M across 4 funding rounds to date.
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.