New York, NY - The connected home fitness company freebeat acquired its series B startup funding in Q2 of 2022. BlueRun Ventures, a venture capital company based in California, has backed freebeat after its promising first year. freebeat has now cumulatively raised over $30 million in strategic funding from GSR Ventures, SIG China Fund, an affiliate of SIG Asia Investment, LLLP, BlueRun Ventures, as well as a few others.
freebeat, with operations throughout America and Asia, has rivaled top home cycling platforms with its interactive and immersive cardio classes. Their feature that stands out is known as the "gamified" classes – classes that score users based on how well their cadence (pedal rotations) matches the instructor and the beat of the song. Rather than just providing fitness-oriented cardio classes, freebeat expands the scope of possibilities by offering fun and exciting video game-esque cardio classes. Their on-demand course library has thousands of classes - each has a different style, difficulty, and duration, and is led by highly experienced instructors hailing from the world’s top cycling studios. Additionally, freebeat prices its bikes significantly lower than its competitors while guaranteeing top-quality professional-grade exercise equipment.
freebeat has already distributed its home exercise bikes to over 40 US states and established a strong and vibrant fitness community since its launch one year ago. With their topping 100K followers on Instagram and a dominant presence on YouTube, Facebook, Pinterest, and other social media platforms, the community of freebeat is growing fast and receiving tons of positive feedback.
It's said that the additional funding and all that are proceeding at this point would be invested towards the scaling production and worldwide distribution as well as conducting deeper research and development. freebeat is heavily driven by the technology behind its fitness machines and is consistently creating and modifying its software to be as accurate and bug-free as possible. Seed funding will also support enhancing the machine learning algorithm for freebeat’s Artificial Intelligence Generated Content (AIGC) and gamified product ionization.
Media Contact
Company Name: Freebeat
Contact Person: Vera Zhuang
Email: Send Email
Country: United States
Website: https://www.freebeatfit.com/
