About Velites Fitness
Velites Fitness is a company based in Pamplona (Spain) founded in 2015 by Matias Hernandez Van Waes.. Velites Fitness has raised $177.57 thousand across 2 funding rounds from investors including Sodena. Velites Fitness offers products and services including Hybrid 1.0 Shoes, Hand Grips, and Jump Rope. Velites Fitness operates in a competitive market with competitors including MainTool, MAPUCA WATCH and Sports Nation Club, among others.
- Headquarter Pamplona, Spain
- Founders Matias Hernandez Van Waes
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Sectors
Healthcare
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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
$177.57 K (USD)
in 2 rounds
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Latest Funding Round
$177.57 K (USD), Seed
Jan 17, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Velites Fitness
Velites Fitness offers a comprehensive portfolio of products and services, including Hybrid 1.0 Shoes, Hand Grips, and Jump Rope. 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.
Training shoes for athletes in CrossFit and workouts.
Grips designed for crossfit and fitness training.
Ropes for cardio and jumping exercises.
Funding Insights of Velites Fitness
Velites Fitness has successfully raised a total of $177.57K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $177.57 thousand completed in January 2024. 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 — $177,566
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First Round
First Round
(23 Sep 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2024 | Amount | Seed - Velites Fitness | Valuation | Sodena |
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| Sep, 2016 | Amount | Debt – Venture - Velites Fitness | Valuation |
investors |
| 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 Velites Fitness
Velites Fitness has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Sodena. 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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Seed-stage micro VC investments are focused on European startups.
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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 Velites Fitness
| 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 - Velites Fitness
| 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 |
Velites Fitness Comparisons
Competitors of Velites Fitness
Velites Fitness 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 MainTool, MAPUCA WATCH and Sports Nation Club, 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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Smart straps for watches are developed to track body vitals.
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| domain | founded_year | HQ Location |
Operates an online store specializing in smart watches.
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| domain | founded_year | HQ Location |
Operates an online store specializing in fitness trackers and accessories.
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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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Frequently Asked Questions about Velites Fitness
When was Velites Fitness founded?
Velites Fitness was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Velites Fitness located?
Velites Fitness is headquartered in Pamplona, Spain. It is registered at Pamplona, Navarra, Spain.
Who is the current CEO of Velites Fitness?
Matias Hernandez Van Waes is the current CEO of Velites Fitness. They have also founded this company.
Is Velites Fitness a funded company?
Velites Fitness is a funded company, having raised a total of $177.57K across 2 funding rounds to date. The company's 1st funding round was a Debt – Venture of $67.29K, raised on Sep 23, 2016.
What does Velites Fitness do?
Velites Fitness was established in 2015 in Pamplona, Spain, as an internet-first brand focused on sports equipment. Jump ropes form the core product line, supplemented by sports lotions, weights, t-shirts, and related accessories. Customization options for ropes with images and logos are available. Partnerships with entities such as Crossfit, Artabros, Gear, and Bulls Factory support operations in the fitness sector.
Who are the top competitors of Velites Fitness?
Velites Fitness's top competitors include MainTool, MAPUCA WATCH and Sports Nation Club.
What products or services does Velites Fitness offer?
Velites Fitness offers Hybrid 1.0 Shoes, Hand Grips, and Jump Rope.
Who are Velites Fitness's investors?
Velites Fitness has 1 investor. Key investors include Sodena.