About Spax
Spax is a company based in Chaoyang (China) founded in 2017.. Spax has raised $4 million across 2 funding rounds from investors including Kleiner Perkins, Ameba Capital and Lighthouse Capital Management. Spax operates in a competitive market with competitors including Daily Burn, Neoness, NEOU, LVL Wellbeing and Body FX, among others.
- Headquarter Chaoyang, China
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 2 rounds
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Latest Funding Round
$4 M (USD), Seed
Mar 05, 2019
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Investors
Kleiner Perkins
& 2 more
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Employee Count
Employee Count
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Funding Insights of Spax
Spax has successfully raised a total of $4M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $4 million completed in March 2019. 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 Seed — $4.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Seed - Spax | Valuation | Ameba Capital | |
| Jun, 2017 | Amount | Seed - Spax | Valuation | Kleiner Perkins |
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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 Spax
Spax has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Kleiner Perkins, Ameba Capital and Lighthouse Capital Management. 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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Early and growth stage tech-focused VC firm investing primarily in China
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward US and Chinese markets.
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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 Spax
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
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.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Spax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Spax Comparisons
Competitors of Spax
Spax 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 Daily Burn, Neoness, NEOU, LVL Wellbeing and Body FX, 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 |
Online video workouts and nutrition plans are delivered via subscription.
|
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| domain | founded_year | HQ Location |
Online fitness classes and gym access are offered by Neoness.
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| domain | founded_year | HQ Location |
Provider of app for online fitness video classes
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| domain | founded_year | HQ Location |
Fitness and wellness programs are provided for individuals and corporates.
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| domain | founded_year | HQ Location |
Fitness programs are provided by Body FX to participants.
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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 Spax
When was Spax founded?
Spax was founded in 2017.
Where is Spax located?
Spax is headquartered in Chaoyang, China. It is registered at Chaoyang, Liaoning, China.
Is Spax a funded company?
Spax is a funded company, having raised a total of $4M across 2 funding rounds to date.
What does Spax do?
Spax was founded in 2017 in Chaoyang, China, as an online platform in the fitness technology sector. Live streaming of trainer-led training videos is offered, with users able to select trainers based on levels and goals for booking classes. Training data and treadmill metrics are recorded by participants. Data sharing and interactions among users are enabled through an integrated social platform.
Who are the top competitors of Spax?
Spax's top competitors include Daily Burn, Neoness and NEOU.
Who are Spax's investors?
Spax has 3 investors. Key investors include Kleiner Perkins, Ameba Capital, and Lighthouse Capital Management.
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