About Speede
Speede is a company based in Chicago (United States) founded in 2021 by Dan Mooney and Greg Tepas was acquired by Hydrow in May 2024.. Speede has raised $2.5 million across 1 funding round from investors including Hydrow, Michael Chandler and Mason Plumlee.
- Headquarter Chicago, United States
- Founders Dan Mooney, Greg Tepas
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Sectors
Industrial Goods & Manufacturing
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Phone
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Website
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Social
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Funding Insights of Speede
Speede has successfully raised a total of $2.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.5 million completed in May 2022. 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 1
- Last Round Seed — $2.5M
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First Round
First Round
(05 May 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2022 | Amount | Seed - Speede | Valuation | Michael Chandler , Mason Plumlee |
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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 Speede
Speede has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Hydrow, Michael Chandler and Mason Plumlee. 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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MC
Michael Chandler |
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Founded Year | Domain | Location |
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MP
Mason Plumlee |
Indian angel investor with interests in early-stage startups and technology.
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Founded Year | Domain | Location |
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Rowing equipment for in-home workouts is provided to individuals.
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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 Speede
| 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 - Speede
| 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 |
Speede Comparisons
Competitors of Speede
| 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 Speede
When was Speede founded?
Speede was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Speede located?
Speede is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Speede?
Greg Tepas is the current CEO of Speede. They have also founded this company.
Is Speede a funded company?
Speede is a funded company, having raised a total of $2.5M across 1 funding round to date. The company's 1st funding round was a Seed of $2.5M, raised on May 05, 2022.
What does Speede do?
Speede was founded in 2021 and is headquartered in Chicago, United States. Fitness equipment is produced by the company within the health and wellness sector. Operations center on designing and manufacturing products for exercise and training needs. Leadership is provided by co-founders Dan Mooney, serving as President, and Greg Tepas, acting as CEO. The domain speede.fit is utilized for online presence and distribution.
Who are Speede's investors?
Speede has 3 investors. Key investors include Hydrow, Michael Chandler, and Mason Plumlee.