About Speediance
Speediance is a company based in Shenzhen (China) founded in 2020 by Yu Jian and Liu Tao.. Speediance has raised $1.58 million across 3 funding rounds from investors including Frees Fund. Speediance offers products and services including Gym Monster, VeloNix, Gym Pal, PowerGrip, and AeroRow 2. Speediance operates in a competitive market with competitors including Peloton, Tonal, Tempo, Lululemon Studio and Vitruvian, among others.
- Headquarter Shenzhen, China
- Founders Yu Jian, Liu Tao
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Sectors
HealthcareTechnology
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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
$1.58 M (USD)
in 3 rounds
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Products & Services of Speediance
Speediance offers a comprehensive portfolio of products and services, including Gym Monster, VeloNix, Gym Pal, PowerGrip, and AeroRow 2. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-powered equipment for full-body workouts and personalized training.
Indoor cycling with virtual routes and real-time progress tracking.
All-in-one system for various exercises and health-driven programs.
Ergonomic grip for enhanced workout stability and performance.
Smart rowing device for cardio with virtual environment integration.
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Funding Insights of Speediance
Speediance has successfully raised a total of $1.58M across 3 strategic funding rounds. 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 Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2023 | Amount | Seed - Speediance | Valuation | Frees Fund |
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| Mar, 2022 | Amount | Seed - Speediance | Valuation | Frees Fund |
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| Apr, 2021 | Amount | Angel Round - Speediance | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Speediance
Speediance has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Frees Fund. 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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Tech focused VC firm investing in early stage companies in the US & China
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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 Speediance
| 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 - Speediance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Speediance Comparisons
Competitors of Speediance
Speediance 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 Peloton, Tonal, Tempo, Lululemon Studio and Vitruvian, 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 |
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| domain | founded_year | HQ Location |
Smart fitness equipment and streaming platforms are provided.
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| domain | founded_year | HQ Location |
AI-based full-body motion analysis and strength training system is offered.
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| domain | founded_year | HQ Location |
Jira-integrated software for resource management and time tracking is developed.
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| domain | founded_year | HQ Location |
Online fitness classes are offered via membership access.
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| domain | founded_year | HQ Location |
Smart resistance training equipment and app are provided by Vitruvian.
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| domain | founded_year | HQ Location |
Smart exercising equipment is provided for personalized home fitness training.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Speediance
Frequently Asked Questions about Speediance
When was Speediance founded?
Speediance was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Speediance located?
Speediance is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Who is the current CEO of Speediance?
Liu Tao is the current CEO of Speediance. They have also founded this company.
Is Speediance a funded company?
Speediance is a funded company, having raised a total of $1.58M across 3 funding rounds to date.
What does Speediance do?
Speediance was founded in 2020 in Shenzhen, China, within the fitness equipment sector. Smart exercising devices are offered for home-based strength training, stretching, aerobic activities, and bodybuilding. Home gym systems are designed to support user-led workouts. A companion smartphone app is provided to track and manage exercise routines. Operations center on accessible fitness solutions for residential settings.
Who are the top competitors of Speediance?
What products or services does Speediance offer?
Speediance offers Gym Monster, VeloNix, Gym Pal, PowerGrip, and AeroRow 2.
Who are Speediance's investors?
Speediance has 1 investor. Key investors include Frees Fund.