About Racefox
Racefox is a company based in Stockholm (Sweden) founded in 2013.. Racefox has raised $1.62 million across 3 funding rounds from investors including European Union, EIC Fund and Spintop Ventures. Racefox operates in a competitive market with competitors including Withings, Fitbit, Whoop, iHealth Labs and Garmin International, among others.
- Headquarter Stockholm, Sweden
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Sectors
HealthcareTechnology Media & Entertainment
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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
$1.62 M (USD)
in 3 rounds
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Latest Funding Round
$58.99 K (USD), Grant
Aug 31, 2021
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Investors
European Union
& 5 more
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Employee Count
Employee Count
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Funding Insights of Racefox
Racefox has successfully raised a total of $1.62M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $58.99 thousand completed in August 2021. 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 3
- Last Round Grant — $58,992
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First Round
First Round
(16 Mar 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Grant - Racefox | Valuation |
investors |
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| Oct, 2019 | Amount | Grant - Racefox | Valuation |
investors |
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| Mar, 2019 | Amount | Series A - Racefox | Valuation | Spintop Ventures |
| 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 Racefox
Racefox has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include European Union, EIC Fund and Spintop Ventures. 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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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Investments are directed toward early-stage software technology companies.
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Founded Year | Domain | Location | |
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Pre-seed and seed-stage firms are invested in by Walerud 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 Racefox
| 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 - Racefox
| 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 |
Racefox Comparisons
Competitors of Racefox
Racefox 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 Withings, Fitbit, Whoop, iHealth Labs and Garmin International, 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 |
Connected devices for health, sleep, and activity monitoring are developed.
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| domain | founded_year | HQ Location |
Smartwatches and fitness trackers are provided for activity monitoring.
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| domain | founded_year | HQ Location |
Provider of a smart wearable device for physical activities monitoring
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| domain | founded_year | HQ Location |
Personal healthcare devices for vital monitoring are designed and produced.
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| domain | founded_year | HQ Location |
Smart fitness trackers and watches are developed for performance monitoring.
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| domain | founded_year | HQ Location |
Wearable devices such as smartwatches and fitness trackers are provided.
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| 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 Racefox
When was Racefox founded?
Racefox was founded in 2013 and raised its 1st funding round 6 years after it was founded.
Where is Racefox located?
Racefox is headquartered in Stockholm, Sweden.
Is Racefox a funded company?
Racefox is a funded company, having raised a total of $1.62M across 3 funding rounds to date. The company's 1st funding round was a Series A of $1.62M, raised on Mar 16, 2019.
What does Racefox do?
The company was founded in 2013 in Stockholm, Sweden, and operates in the sports technology sector. A mobile app serves as a digital coach for runners and skiers, with body movement monitored through a chest sensor. Real-time audio feedback is delivered, alongside full-body motion analysis and personalized training plans. All features are accessed via subscription and supported on Android and iOS platforms.
Who are the top competitors of Racefox?
Who are Racefox's investors?
Racefox has 6 investors. Key investors include European Union, EIC Fund, Spintop Ventures, Walerud Ventures, and Doberman Forward.